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 bustling intersection of Rural Road and Warner Road in Tempe. This development is poised to become a cornerstone for local residents, offering a diverse mix of retailers, restaurants, and service providers tailored to the community's needs.

Dan Sink, president and chief financial officer of Thompson Thrift Development, emphasized the company's commitment to creating projects that resonate with the community's aspirations. With leasing activity robust, nearly 75% of the retail space has already been secured or is under negotiation, featuring tenants like BURN Total Body Conditioning, Pacific Dental, and Luna Grill Restaurant, among others. A 4,500-square-foot restaurant pad and two inline spaces remain available, presenting opportunities for additional retail or service providers.

The strategic location of South Tempe Square, nestled between Loop 101 and I-10 and adjacent to national credit tenants such as CVS and Home Depot, ensures high visibility and accessibility. The area's reputation for hosting one of the state's top school districts further enhances its appeal to families and businesses alike.

Tempe's vibrant community, enriched by Arizona State University's presence and attractions like the Desert Financial Arena, offers a dynamic backdrop for South Tempe Square. Thompson Thrift's investment in this project reflects its broader strategy to foster high-quality developments in high-growth markets, as evidenced by its portfolio across Arizona, including the Elliot Tech Center in Mesa and The Gilmore in Gilbert.

For more information on Thompson Thrift's projects, visit https://www.thompsonthrift.com. The development of South Tempe Square underscores Thompson Thrift's role in enhancing local economies and communities through thoughtful real estate development.