Thompson Thrift Launches Construction of South Tempe Square, Enhancing Local Retail and Community Services

Thompson Thrift, a nationally recognized real estate company, has commenced construction on South Tempe Square, a 27,000-square-foot neighborhood shopping center located at the northwest corner of Rural Road and Warner Road in Tempe, Arizona. This development marks a significant addition to the local community, offering a well-rounded mix of retailers, restaurants, and service providers designed to cater to the needs of the area's residents and visitors.

The strategic location of South Tempe Square, positioned between Loop 101 and I-10, ensures high visibility and accessibility, benefiting from the proximity to national credit tenants such as CVS, Sprouts, and Home Depot. The area is also renowned for its top-tier school district, making it an attractive location for families and contributing to the project's anticipated success.

Leasing activity for South Tempe Square has been robust, with Thompson Thrift securing leases or being in negotiations for nearly 75% of the retail space. Notable tenants include BURN Total Body Conditioning, Pacific Dental, Look Lab, Luna Grill Restaurant, The Slice House by Tony Gemignani, and GoodVets. The development still features available spaces, including a 4,500-square-foot restaurant pad and two inline spaces ideal for retail or service providers, offering opportunities for businesses to join this vibrant community hub.

Tempe's reputation as a diverse and culturally rich community, coupled with its warm weather, natural beauty, and recreational opportunities, further enhances the appeal of South Tempe Square. The presence of Arizona State University, the largest university in the United States, adds to the dynamic atmosphere of the area, with Desert Financial Arena on campus hosting events that draw thousands of visitors annually.

Thompson Thrift's commitment to developing high-quality, attractive multifamily communities and commercial projects is evident in its nearly 40-year history, during which it has invested over $6 billion into local communities. The company's active portfolio in Arizona, including projects like Elliot Tech Center in Mesa and The Gilmore in Gilbert, underscores its focus on high-growth markets and delivering quality developments that meet the needs of communities across the state.

For more information on Thompson Thrift and its developments, visit https://www.thompsonthrift.com.