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Thompson Thrift Completes First Phase of Germann Commerce Center in Queen Creek

Author

Slice of Real Estate Team
November 08, 2024

Key Highlights:

  • Phase I Complete: 400,000 square feet of light industrial space across five standalone buildings.

  • Strategic Location: Adjacent to LG Energy Solution’s $5.5 billion battery facility.

  • Future Growth: Full build-out to include over 1 million square feet of industrial space.

  • Additional Arizona Projects: Elliot Tech Center, Pointe17, South Bridge Marketplace, District 99, and The Gilmore.

  • Nationwide Presence: Developing across 22 states with a $5 billion investment to date.

Source: PR Newswire

Notable Quotes:

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“Thompson Thrift Commercial is continuing a significant period of expansion and growth.”

Dan Sink, President and CFO at Thompson Thrift Development
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“It has been rewarding for our team to complete the first phase of Germann Commerce Center and bring Class A industrial space to Queen Creek.”

Ashlee Boyd, Managing Partner at Thompson Thrift Commercial

Our Take:

Thompson Thrift’s completion of phase one at Germann Commerce Center marks a notable step in strengthening the industrial infrastructure in Queen Creek, Arizona. The strategic position of the center, near LG Energy Solution's major battery manufacturing complex, enhances its appeal in the rapidly growing region southeast of Phoenix. Thompson Thrift’s active development of multifaceted projects throughout Arizona, from Queen Creek to Mesa and Maricopa, showcases its robust expansion strategy and commitment to addressing diverse real estate needs in thriving communities.