Phoenix contractor signs hefty lease to support advanced manufacturing boom

Article originally posted on Phoenix Business Journal on July 10, 2026

17 North Corporate Center, Deer Valley

One of Phoenix’s largest contractors has signed an 85,241-square-foot lease in Deer Valley to optimize and support its growing advanced manufacturing projects.

Okland Construction Co. Inc. will operate out of an industrial facility called 17 North Corporate Center at 2525 W. Corporate Center Drive. It’s off Interstate 17 and about eight miles south of the Taiwan Semiconductor Manufacturing Co., in an area where industrial development is booming.

Okland specializes in complex projects in healthcare, advanced technology, sports, higher education and commercial development. The new space is within miles of three of its advanced manufacturing clients, said Matt Richards, a project executive with the company.

Okland’s Arizona headquarters will remain in Tempe at 1700 N. McClintock Drive, Richards said. He added that as the company ramps up its advanced manufacturing teams, it will continue to “hire substantially.”

“Prefabrication is replacing work on site with working in the warehouse, and allows us to work in safer conditions, allows us to accelerate schedules, allows us to enhance the quality of our end product, and our collaboration with our trade partners as well,” he said. “So it’s not necessarily adding jobs to the market, it’s creating a safer and a better way to deliver those job.”

Okland has approximately 625 employees in Phoenix.

Ryan Companies US Inc. developed 17 North Corporate Center in a joint venture with Standard Real Estate Investments LP. Butler Design Group was the architect.

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

The 17 North Corporate Center includes two Class-A buildings totaling 186,000 square feet with secure and private truck courts, 32 feet clear heights and a ESFR sprinkler system, among other features. Salt Lake City-based Okland will occupy all of building D to expand its prefabrication capacity that will support advanced manufacturing projects, Richards said.

Building C, the adjacent building at 2350 W. Corporate Center Drive, is 103,582 square feet, and it’s available for lease. Both buildings were completed in mid-November 2025.

Northwest Valley submarket sees more demand

“The remaining building is uniquely positioned for TSMC vendors and partners needing nearby access, while also offering an opportunity for companies to occupy coveted Class-A industrial space surrounded by excellent amenities in the sought-after Deer Valley submarket,” said Josh Tracy, Ryan Companies’ senior vice president of real estate development.

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