Le Lézard
Classified in: Business
Subject: RLE

Thompson Thrift Commercial Announces Sale of Sonoran Creek Marketplace Near Phoenix


PHOENIX, June 1, 2022 /PRNewswire/ -- Thompson Thrift Commercial, a wholly-owned company of Indianapolis-based Thompson Thrift, announced today the sale of Sonoran Creek Marketplace, a 75,000-square-foot, Sprouts-anchored shopping center in the Phoenix suburb of Maricopa. The property was purchased by a private buyer from the Pacific Northwest for an undisclosed amount.

"Sonoran Creek Marketplace is a development our entire team is very proud of," said Chris Hake, senior vice president and director of the Southwest region for Thompson Thrift Commercial. "We started this development in the early stages of the pandemic, and today's closing is the culmination of years of hard work put in by our internal team, various consultants and Phoenix Commercial Advisors. A special thank you also goes out to Maricopa's mayor, city manager and city council who were integral to helping bring this project to fruition.

Sonoran Creek Marketplace is located on approximately 14 acres at the southwest corner of John Wayne Parkway and Edison Road. The first phase opened in August 2021 and included Sprouts Farmers Market, Cold Beer & Cheeseburgers, MOD Pizza, Pet Planet, Crumbl Cookies, and several other national and regional users. The second phase is currently under construction and will add Marshall's, NextCare Urgent Care and Thai Chili to the center. Thompson Thrift will continue to manage the construction until the property is completed later this year.

Trent Rustan of Commercial Properties represented the buyer, and Thompson Thrift worked with Phoenix Commercial Advisors on the acquisition, leasing and disposition of the property.

Thompson Thrift Commercial is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. Since its founding more than 30 years ago, Thompson Thrift has invested more than $3.7 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive projects.

This was the company's first development in Maricopa, but the company is actively looking at additional opportunities in the city to add to its $750 million pipeline of development projects across the Phoenix metro.

About Thompson Thrift Real Estate Company
Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana, Houston and Phoenix. Three business units drive Thompson Thrift's success?Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve. For more information, please visit www.thompsonthrift.com

Contact:
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
[email protected]

SOURCE Thompson Thrift


These press releases may also interest you

at 15:46
Ademi LLP is investigating Touchstone for possible breaches of fiduciary duty and other violations of law in its transaction with First National Corporation....

at 15:42
Ademi LLP is investigating Integrated Financial for possible breaches of fiduciary duty and other violations of law in its transaction with Capital Bancorp....

at 15:28
Mineros S.A. (CB: MINEROS) ("Mineros" or the "Company") is providing a correction to the disclosure on the 2023/2024 dividend information contained in its press release of March 27, 2024. The information below replaces and supersedes the prior 2023...

at 15:21
Average weekly trading volume of approximately 511,698 sharesFund's adviser has more than 50 years of small- and micro-cap investment experienceCLOSING PRICES AS OF 02/29/24 NAV 10.57 MKT 9.33   AVERAGE ANNUAL TOTAL RETURN AS OF 02/29/24 NAV (%) MKT...

at 15:20
A closed-end fund that invests in global equities using a disciplined value approachAverage weekly trading volume of approximately 111,480 sharesFund's adviser has more than 50 years of small- and micro-cap investment experience  CLOSING PRICES AS OF...

at 15:20
Aventiv Technologies, a communications and technology business serving the incarcerated, their friends and family, and state and local correctional facilities, today announced an agreement...



News published on and distributed by: