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7/24/26
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Okland Construction agreed to a five-year lease for a newly developed 85.2k sf industrial property in the Deer Valley submarket of Phoenix. The lease is worth over $6 mil ($1.17/sf/mo).
The property is located at 2525 W. Corporate Dr, is just two miles from Loop 101 and offers immediate access to Interstate 17 via the Pinnacle Peak Rd interchange. It is part of the recently completed 355.5k sf 17 North Corporate Center development owned by Ryan Companies.
The structure, which features prominent freeway frontage and visibility, is situated near Deer Valley Municipal Airport, and is within walking distance of major retail and dining destinations, including Happy Valley Towne Center and The Shops at Norterra.
The lease agreement is another indicator of the sustained strength of Deer Valley, reflecting the unprecedented momentum generated by Taiwan Semiconductor Manufacturing Company (TSMC)’s investment and the continued demand for industrial space throughout the submarket, according to Chris Rogers, Executive Vice President at DAUM's Phoenix office. Rogers completed the transaction alongside Executive Vice President Trevor McKendry, Associate Vice President Nick Reinhardt, Associate Beau Citron and Associate Nick Fajardo.
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