Indianapolis-Based Thompson Thrift Buys 68 Acres For Phoenix-Area Industrial Project
Although they are based in Indianapolis, Thompson Thrift is no stranger to the desert southwest. It’s closed deals in Tucson and just last month acquired 25 acres of land in Mesa, Arizona.
The company plans to build 1.1 million square feet of industrial space in Phoenix-suburb Queen Creek with construction slated to begin in December 2022. At completion, they hope to have 13 buildings ranging from. 62,000 to 110,000 square feet.
Thompson Thrift’s Chris Hake says Queen Creek is on the move, “With a low industrial vacancy of less than 3% n the southeast valley, and strong demand evidenced by national users like Google, Apple, Amazon, Intel, LG and other, we expect strong interest as other industrial users migrate to the submarket.”
The project is located just minutes away from the Phoenix-Mesa Gateway Airport with easy access to Loop 202 and the soon to be complete State Road 24.
- ◦Sale/Acquisition
