17300 North Perimeter Drive


Scottsdale, Arizona

47,322 SF



  • At-Risk Development
  • Build-to-Suit and Lease
  • Development Management
  • Property Management
  • Redevelopment Planning


Value Added

Purchase Date: December | 2015
Purchase Price: $13.8 million
Equity: $3.5 million

  • Preleased 20,000 SF
  • Full floor leased as MOB
  • 6,000 SF available on first floor
  • 26,000 SF available on second floor

When Irgens purchased an existing building, 17200 North Perimeter Drive, a 1.76-acre parcel of vacant, development-ready land was included that would support an approximately 25,000 square foot building, taking a creative approach to the overall site plan, the existing parking was reconfigured allowing the property line to be relocated, permitting the development to create a site to allow increased density. 17300 North Perimeter was developed as a two-story, 50,000 square foot multi-tenant office building.

While working through design and entitlements, a full-floor medical tenant was identified and a lease was signed, allowing the tenant more clinical and physical therapy space and room to grow.

Completed in fall 2019, the Class A office building is the first ground-up development in Scottsdale, featuring convenient surface and covered parking, a first floor patio and a large second floor patio at the east end and a small balcony on the west end. The enhanced daylighting and outdoor office access makes this a first class medical office building on a highly sought-after market.