Chandler’s Price Corridor a mecca for new offices

There’s an adage in real estate that the three most important factors are location, location and location.

When it comes to new office space in the Valley, it seems Chandler’s Price Road Corridor is the hot location.

In August, San Diego-based developer Douglas Allred Company broke ground on a 68,867-square-foot, two-story office building, the fifth on the campus on the northeastern corner of Price and Willis roads. It is only the second speculative office building, built before a tenant has been secured, in the Valley this year.

The other is a 92,000-square-foot Allred building next door that is also part of Allred Park Place.

They are the first built in the Valley in four years.

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