Ryan, Alidade Changing Out Chandler Offices for Industrial
Ryan Cos. and Alidade Capital have broken ground on Chandler Freeways Business Park, a 190,475-square-foot industrial development in Chandler, Ariz. Commercial Edge reports the duo will convert a 175,654-square-foot existing office building as part of the project, which is scheduled for completion in the fourth quarter of this year. The development is taking shape at 6955 W. Morelos Place, less than 1 mile from Highway 202.
Plans call for converting the two-story office building into an 87,600-square-foot, single-story industrial facility. Additionally, the developers will build a second 102,875-square-foot industrial asset. Butler Design Group provided design services.
In November 2024, Ryan purchased the office property from Landwin Management Co. for $16.8 million. Verizon had leased the asset since 2004.
The office building didn’t start out as such. It was originally built as an industrial facility and later converted into an office building. Now, due to its conversion-minded design, it’s slated to go back to its initial usage.
