Second Phase of 17 North Corporate Center Industrial Project Underway in Phoenix

As industrial activity continues to soar in the Southwest, we are thrilled to announce the financial closing and beginning of construction on the second phase for 17 North Corporate Center in Phoenix. Comprised of two Class-A industrial buildings totaling more than 186,000 square feet, the project will provide users with several onsite features and accessibility to major freeways, residential options and proximity to the brand-new Taiwan Semiconductor Manufacturing Company plant. 

“The Phoenix market continues to experience an influx of advanced technology and manufacturing companies, which makes this an ideal time to break ground on an industrial project in the sought-after Deer Valley submarket,” said Josh Tracy, our senior vice president of real estate development. “This project’s strategic location in north Phoenix provides users with unmatched flexibility and convenience, providing a front seat to several impactful developments taking place in the area.”

The project is a joint venture between us and Standard Real Estate Investments, LP. We are the builders and developers of the two buildings, with construction financing provided by Bankers Trust. 

“We’re thrilled to partner with Ryan Companies in the next phase of development at 17 North Corporate Center,” said Lindsay Louie, principal at Standard. “Ryan Companies’ incredible development acumen and market expertise, combined with this premier location, will make this facility an attractive option to meet the strong demand for state-of-the-art industrial facilities in the Deer Valley submarket.”

17 North Corporate Center is conveniently located adjacent to Interstate 17, which offers users immediate access and visibility from the freeway. The project is also located within walking distance from two popular shopping centers, providing tenants with attractive retail and restaurant options. Several hotels, condominium and apartment communities are located within minutes from the project, as well as the Phoenix Deer Valley Airport.

Once completed, each building will feature numerous best-in-class features, including fully secured and private concrete truck courts, 32’ clear heights, generous parking ratios, an ESFR sprinkler system, and other amenities. Nearby corporate users include TSMC, Amazon, FedEx, and Shock Therapy, providing future tenants of 17 North Corporate Center with networking opportunities, streamlined supply chain efficiency and access to the skilled talent pool in the area.

“Commercial real estate leaders like Ryan Companies recognize the importance of top-of-the-line industrial space for companies exploring West Coast opportunities,” said Greater Phoenix Economic Council President & CEO Chris Camacho. "This Class-A product developed in the key Deer Valley employment corridor will help companies access the talent and infrastructure needed to best support their growth plans in Greater Phoenix.”

17 North Corporate Center is expected to be completed by Q4 2025. The first phase of the project was comprised of a 111,000-SF Class-A industrial building that we built and developed. In 2024, we broke ground on multiple speculative industrial projects in the Southwest including Innovate 48 Industrial Park and Schrader Farms Business Park, both also located in Arizona.