A joint venture between Ryan Companies US, Inc. and Standard Real Estate Investments announced an 85,241-square-foot lease agreement with Okland Construction for the entirety of Building D at 17 North Corporate Center in Phoenix. The leased facility is located at 2525 West Corporate Center Drive within the industrial complex, a project developed by the Ryan/Standard partnership. Okland Construction, a firm known for delivering complex projects across healthcare, advanced technology, sports, higher education and commercial development, will occupy Building D as it expands its prefabrication capabilities in order to better serve its technology-sector customers.
Aerial view of 17 North Corporate Center Building D in Phoenix, part of the industrial complex where Okland Construction has signed an 85,241‑square‑foot lease. (Photo by Mark Yori, Phoenix Drone Service)
Okland’s intent in taking the full Building D is to bolster its prefabrication capacity, a move the company says will position it to more effectively meet the needs of clients in the technology sector. The company’s portfolio spans a range of technically demanding sectors, and the additional space is expected to allow for expanded off-site assembly and fabrication work. The use of prefabrication techniques has become increasingly important for firms that need to accelerate schedules, control quality and limit on-site disruption, and occupying a complete building within a Class-A industrial park gives Okland room to scale those operations while remaining proximate to customers and regional supply chains.
Josh Tracy, senior vice president of real estate development at Ryan Companies, emphasized the significance of the lease for the complex and the local market, saying, "We are thrilled to welcome a respected firm like Okland Construction to 17 North Corporate Center, a decision that underscores Phoenix’s standing as a prime destination for key industrial users and leading companies." Tracy said the lease reflects the complex’s strategic attributes and called the arrangement a vote of confidence in the location as Okland continues to grow in the Phoenix market.
The 17 North Corporate Center is positioned minutes from Interstate 17 at Pinnacle Peak Road along a major employment corridor and is located within close driving distance of the Taiwan Semiconductor Manufacturing Company (TSMC) campus. The development has direct visibility to and access from Interstate 17 and sits roughly two miles from Loop 101. In addition to highway access, the project is within walking distance of retail and dining at Happy Valley Towne Center and The Shops at Norterra. Hotels, condominium and apartment communities are nearby, and Phoenix Deer Valley Airport is a short drive from the site—features that developers and tenants often cite when weighing operational convenience and employee amenities.
Lindsay Louie, a principal at Standard, pointed to the broader demand dynamics shaping the submarket and the Southwest, saying, "As industrial activity continues to surge in the Southwest, especially in this corridor, we are excited to see this complex attracting well-known national and regional occupiers." Louie credited the collaboration between Ryan Companies and Standard for producing strong results, noting that Ryan’s development expertise and market knowledge have contributed to attracting tenants. She added that Okland’s commitment to the property signals sustained strength in the Deer Valley submarket.
The development at 17 North Corporate Center comprises two Class-A industrial buildings totaling more than 186,000 square feet and was designed with contemporary industrial specifications. Butler Design Group served as the project architect. Each building includes fully secured and private concrete truck courts, 32-foot clear heights, robust parking ratios, an ESFR sprinkler system and other features commonly sought by logistics and manufacturing tenants. The project’s tenant roster and nearby corporate users underscore the area’s industrial profile: TSMC, Amazon, FedEx and Shock Therapy are among prominent occupants in the vicinity.
Representatives on the lease transaction included a CBRE team—Cooper Fratt, Tanner Ferrandi, Connie Nelson and Brady Turpen—who represented ownership. Okland Construction was represented by Chris Rogers, Trevor McKendry and Beau Citron of DAUM Commercial Real Estate Services. The parties did not disclose additional financial terms beyond the square footage and the tenant’s intended use of the space.
One freestanding building remains available within the 17 North Corporate Center campus. Located at 2350 Corporate Center Drive, the remaining building measures 103,582 square feet and features a private yard that is highlighted as a highly coveted asset for certain industrial users. That building is being marketed for either lease or sale for tenants or buyers seeking immediate access to a Class-A industrial property in the Deer Valley employment corridor. The transaction for Building D brings the development closer to full occupancy while leaving that single, larger building as an option for prospective industrial operators or investors seeking a property with an attached outdoor yard space.
The lease was publicly announced on July 6, 2026.
CBRE’s current marketing listing for 17 North Corporate Center identifies the project as “Now Complete” and marks the buildings as existing and move‑in ready.
When Ryan Companies and Standard broke ground on the second phase on Jan. 7, 2025, they said construction financing was provided by Bankers Trust and the development was expected to be completed by Q4 2025; marketing materials also note the site is roughly eight miles from the TSMC Arizona campus.