Thompson Thrift Commercial has acquired approximately 68 acres zoned for industrial development just west of the southwest corner of Germann and Meridian roads.
“We are excited to expand our presence in the growing Queen Creek region,” said Chris Hake, Senior Vice President, Southwest Region Manager, Thompson Thrift. “With a low industrial vacancy rate of less than 3% in the Southeast Valley and strong demand evidenced by domestic users like Google, Apple, Amazon, Intel, LG and others, we expect a sharp interest as other industrial users migrate to the submarket.”
The company plans to begin construction in December on Phase I of the project, which will include approximately 400,000 square feet of manufacturing, warehousing and distribution space between five stand-alone buildings.
Upon completion, Thompson Thrift Commercial expects to have just under 1.1 million square feet of space between 13 buildings, ranging from 62,000 to 110,000 square feet each.
“As we continue to expand our industrial development platform, we are excited to be working closely with the Town of Queen Creek to deliver another quality project that we believe will be a terrific addition to this employment corridor in growing and very dynamic,” said Ashlee Boyd, Managing Partner, Thompson Thrift Commercial.
The closure of the Queen Creek property marks the second industrial project for Thompson Thrift Commercial in the Southeast Valley in recent months.
The company also acquired 25 acres at the northwest corner of Elliot and Signal Butte in Mesa for a mixed-use commercial and industrial project.