Ryan Companies and Standard Real Estate Investors Sign 85,241-Square-Foot Okland Construction Lease at Phoenix's 17 North Corporate Center

PHOENIX — A joint venture of Ryan Companies US, Inc. and Standard Real Estate Investors has executed an 85,241-square-foot industrial lease with Okland Construction at 17 North Corporate Center in Phoenix, the firms announced July 6, 2026. The deal fills the entirety of Building D at 2525 West Corporate Center Drive and leaves one freestanding building remaining at the two-building, Class-A complex.

Lease Details and Tenant Plans

Okland Construction, a firm that specializes in healthcare, advanced technology, sports, higher education, and commercial development projects, will occupy Building D primarily to expand its prefabrication capacity to better serve technology-sector clients. The building totals 85,241 square feet within a complex that spans more than 186,000 square feet across two Class-A industrial buildings.

Ownership was represented by a CBRE team of Cooper Fratt, Tanner Ferrandi, Connie Nelson, and Brady Turpen. Okland Construction was represented by Chris Rogers, Trevor McKendry, and Beau Citron of DAUM Commercial Real Estate Services.

"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," said Josh Tracy, senior vice president of real estate development at Ryan Companies. "This lease is a testament to the complex's strategic location, and we are proud to provide a home for a company of Okland's caliber as it continues to grow in this dynamic market."

Project Location and Specifications

17 North Corporate Center is situated near Interstate 17 at Pinnacle Peak Road in Phoenix's Deer Valley submarket, with immediate access and visibility from I-17 and a location approximately two miles from the Loop 101 freeway. The project is also positioned near the Taiwan Semiconductor Manufacturing Company plant, a major presence in the north Phoenix industrial corridor. Nearby corporate users at the complex include Amazon, FedEx, and Shock Therapy.

Each building at the complex features fully secured and private concrete truck courts, 32-foot clear heights, generous parking ratios, and an ESFR sprinkler system. The project was developed by Ryan Companies in a joint venture with Standard Real Estate Investments, with Butler Design Group serving as the architect. Lease terms, including rental rate, were not disclosed.

The complex is also within walking distance of the Happy Valley Towne Center and The Shops at Norterra, with several hotels, residential communities, and the Phoenix Deer Valley Airport located nearby.

One Building Remains Available

With the Okland Construction lease executed, one freestanding building remains available at 17 North Corporate Center. Located at 2350 West Corporate Center Drive, the remaining building totals 103,582 square feet and features a private yard. The building is currently available for either lease or sale.

"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," said Lindsay Louie, Principal at Standard Real Estate Investments. "Our partnership with Ryan Companies has yielded incredible results thanks to a combination of the firm's remarkable development acumen and comprehensive market expertise while this commitment from Okland Construction signals the long-term strength of the Deer Valley sub-market."

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About Ryan Companies: Founded in 1938, Ryan Companies offers commercial real estate services as a national developer, designer, builder, capital markets advisor, and real estate manager. The firm has more than 1,600 team members across 16 offices.

About Standard Real Estate Investments: Standard Real Estate Investments is a diversified middle market investment manager operating across property sectors throughout the United States, with a current focus on industrial development and multifamily acquisition. The firm maintains offices in Los Angeles and Washington, D.C.

Sources: Standard Real Estate Investments press release, July 6, 2026