Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Phoenix  + Retail  | 
Lowes, grocery store to anchor Maricopa retail center

Lowe’s, Grocery-Anchored Retail Center Slated for Maricopa

Thompson Thrift Real Estate plans to move ahead on a 200,000-square-foot retail center in Maricopa. The company purchased a 20-acre parcel for $9.5 million last summer.

Lowe’s will make up over half of the retail space with a 109,000-square-foot retail building and a 30,000-square-foot garden center. April is the start date for the Lowe’s construction.

A second construction phase toward the end of the year will include 60,000 square feet, including a grocery store, plus 10,000 square feet of restaurant and retail space.

Located at the northeast corner of John Wayne Parkway and Honeycutt Avenue, the South Bridge Marketplace site is in an area where the daily traffic count reaches approximately 68,000 vehicles per day, according to Thompson Thrift. The John Wayne Parkway provides direct access to Interstate 10 and downtown Phoenix.

The company has more than 20 retail, multifamily and industrial projects in development throughout the state.

Connect

Inside The Story

Thompson Thrift

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development
New call-to-action
New call-to-action