Thompson Thrift Launches Exciting New South Tempe Square Project Near Phoenix

Thompson Thrift, a well-reputed full-service real estate firm, has officially commenced construction on the much-anticipated South Tempe Square, a new neighborhood shopping center that will span 27,000 square feet. This exciting development is strategically located at the bustling intersection of Rural Road and Warner Road, easily accessible for residents and visitors alike. Dan Sink, the president and CFO of Thompson Thrift Development, reflects on the collaborative effort with the city of Tempe, stating, "The city of Tempe has been a great partner as we've worked to thoughtfully develop South Tempe Square." With a commitment to enhancing community life, Thompson Thrift envisions this center as a vital asset to the local area, meeting the evolving needs of its residents.

As South Tempe Square begins to take shape, its placement at a major intersection ensures high visibility and accessibility, linking it conveniently to both Loop 101 and I-10. Additionally, its proximity to significant national retailers like CVS, Sprouts, and Home Depot anchors the shopping experience, making it a go-to destination. The surrounding neighborhood is recognized for its outstanding school district, catering specifically to families seeking an ideal environment, making South Tempe Square a desirable shopping venue for locals.

The leasing activity for this new shopping center has shown remarkable promise, with nearly 75% of the available retail space already either signed or under negotiation. Notable tenants include BURN Total Body Conditioning, Pacific Dental, Look Lab, Luna Grill, The Slice House by Tony Gemignani, and GoodVets. There are still opportunities for businesses to join this vibrant community, including a 4,500-square-foot restaurant pad and two inline spaces poised for retail or service delivery

Tempe stands as a vibrant and culturally diverse community that prides itself on beautiful weather, stunning natural landscapes, and an array of recreational activities. Importantly, it also houses Arizona State University's main campus, which boasts a staggering 55,000 students, making it the largest university in the United States. Events at the Desert Financial Arena on the ASU campus further contribute to the city's appeal, drawing in tourism and cultural engagement.

Founded nearly four decades ago, Thompson Thrift has become a vital contributor to various local economies, with total investments exceeding $6 billion. The company is recognized for its commitment to developing high-quality multifamily communities and commercial projects across the Midwest, Southeast, and Southwest. Its recent developments in Arizona include significant projects such as Elliot Tech Center in Mesa, Germann Commerce Center in Queen Creek, South Bridge Marketplace in Maricopa, and others, underscoring its ongoing dedication to growth in high-demand markets.

Thompson Thrift operates from its headquarters in Indianapolis, Indiana, and has established regional offices in Denver, Houston, and Phoenix. It has transitioned from a local development firm into a full-service real estate entity recognized nationally, particularly for its efforts in creating attractive living and commercial spaces. The firm has also recently been awarded a 2025 Top Workplaces USA recognition, reflecting its dedication to excellence in both community and workplace environments. For more information about their current and future projects, visit www.thompsonthrift.com.

Topics Consumer Products & Retail)

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