Price Road corridor: where the address sits
- The office street, not the whole city
- Price Road is the north-south office street through Chandler. The two published Chandler office loans name this street. They are not Camelback loans, and a bridge that already closed here is not the quote for the next permanent loan on the same road. City of Chandler
Intel has two Chandler campuses, and the company has operated in the city since 1980. The Ocotillo campus covers about 700 acres and is the manufacturing site. The Chandler campus is the office, lab, and research site. The City of Chandler treats Intel as a leading employer, and the Price Road corridor is the high-tech office and light-industrial spine that grew up with that employment, with access to Loop 101 and Loop 202 and Chandler Municipal Airport nearby. Supplier and professional buildings along Price Road are why sponsors search this name. Intel's fabs are not a loan on this page.
The tombstone that names the corridor is a Class A office building of about 83,178 square feet, Chandler, Arizona (Price Road Corridor), $14,000,000, bridge, 2019, prior-firm origination. It is not a permanent bank loan and not a life-company loan. The 2022 Chandler owner-user office of $15,600,000 does not say Price Road. It stays on the Chandler office page.
A bridge on Price Road is not the next permanent quote
That 2019 file was transitional office credit. A stabilized Price Road building with a roster that can be explained may be a bank, a life company, or CMBS. We will not hand the bridge structure out as if it were still on offer. Office credit is selective, and a short suite stack is not a single long lease.
Owner-user buildings for contractors and suppliers near the campuses are often a bank comparison, arranged by us and held by the bank. We are not a bank. That city conversation is Chandler bank.
Price Road is not Camelback and not a Phoenix address
Camelback Corridor office is Phoenix. Tempe Town Lake office is Tempe. A Price Road address is Chandler. The freeway between them does not merge the rent rolls.
Both Chandler office cards together, including the owner-user building this page leaves out, are on Chandler office. The city hub is Chandler.
Ocotillo is the plan name, not a new road
Ocotillo is the master-planned area whose business parks include office along and near Price Road, including what leasing packets call Chandler Corporate Center. If the collateral is one of those office buildings, it is already this corridor. Ocotillo houses are not. A retail pad in the residential part of Ocotillo is retail, not a Price Road office loan.
Capital on Price Road
| Source | When it fits |
|---|---|
| Chandler bridge | The Price Road card. It says bridge. |
| Chandler bank | A portfolio quote for a different Price Road or owner-user building. |
| Life company | Selective permanent office when the roster supports it. |
| Arizona office | Statewide office. The Price Road dollar is one Chandler card. |