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An Industrial-Retail Development Project In Mesa, Arizona, Has Been Kicked Off By Thompson Thrift

Located near Apple’s $2 billion global command center in Mesa, Arizona, Thompson Thrift Retail Group, an Indianapolis-based real estate developer, will be creating its first Arizona industrial property in 2018. The project is expected to be finished in 2018.

A property near the northwest corner of Elliot and Signal Butte roads, owned by Thompson Thrift, was purchased for $8.25 million on December 15 according to paperwork filed with the Maricopa County Recorder’s Office. Thompson Thrift is a thrift store. It is home to Google and Facebook data centers, as well as operations for significant corporations such as Niagara Bottling Company, EdgeCore, Boeing, Esurance, and Bridgestone Tire & Rubber Company. Thompson Thrift is a thrift store with its headquarters in Phoenix.

This month, the Mesa City Council approved zoning changes for the property, switching it from agricultural to light industrial use and laying the groundwork for the construction of a 277,000-square-foot building on the site.

According to Chris Hake, senior vice president and regional director of Thompson Thrift’s Southwest region, ‘the city of Mesa has made a significant investment in infrastructure across the corridor in an effort to manage the high demand in this area.’ In addition to a variety of manufacturing and associated users who are keen to locate in this emerging area inside a project that offers more than your typical industrial development, we anticipate significant interest from a variety of other users in this developing area.

According to the designs, three single-story industrial buildings with floor areas ranging from 79,822 square feet to 89,994 square feet would be constructed, for a total of 254,994 square feet of development space. Thompson Thrift has proposed five retail structures in close proximity to the crossroads, with sizes ranging from 1,978 square feet to 7,131 square feet and a total of 22,254 square feet of retail space. Thompson Thrift has proposed five retail structures in close proximity to the crossroads, with sizes ranging from 1,978 square feet to 7,131 square feet.

Construction on the project is expected to begin in the second quarter of 2022, according to the plan. Thompson Thrift has chosen Butler Design Group to serve as the architect and project manager in charge of the land planning for their new headquarters. Contractor Hunter Engineering will serve as the civil engineer and design consultant for the project.

For example, Thompson Thrift has been a highly active developer in the Phoenix area, having just finished construction of 95,000 square feet of retail space in a series of freestanding and multitenant buildings on Signal Butte Road and the US Highway 60 in Mesa, among other developments. Although the firm has expressed interest in developing an industrial project in Arizona, no such plans have been announced as of yet. Thompson Thrift said in a statement that it was “actively examining fresh options” for industrial development in the area and that it would keep the public updated on its progress.

It is currently being created in this neighborhood some of the most intriguing industrial real estate ventures in the country. Industrial projects are still primarily concentrated in the West Valley, although the Southeast Mesa region is seeing a rise in the number of new projects.