Curated News
By: NewsRamp Editorial Staff
August 11, 2025
Thompson Thrift Launches South Tempe Square to Boost Local Economy
TLDR
- Thompson Thrift's South Tempe Square offers investors a prime location with high traffic and proximity to major retailers, enhancing local commerce and property values.
- Thompson Thrift is developing South Tempe Square, a 27,000-square-foot shopping center at Rural and Warner Roads, with 75% of retail space already leased or in negotiation.
- South Tempe Square by Thompson Thrift aims to meet community needs with a mix of retailers and services, fostering local growth and convenience.
- Discover South Tempe Square, Thompson Thrift's new shopping hub near top schools and major highways, blending retail, dining, and services in a vibrant community.
Impact - Why it Matters
This development is significant as it introduces a well-designed shopping center to Tempe, enhancing the local economy and providing residents with convenient access to a variety of retailers and services. Its strategic location near major roads and national retailers, coupled with the inclusion of top-tier tenants, positions South Tempe Square as a key contributor to the community's growth and vibrancy. Thompson Thrift's track record of successful developments further assures the project's potential to positively impact the area.
Summary
Thompson Thrift, a nationally recognized real estate company, has commenced construction on South Tempe Square, a 27,000-square-foot neighborhood shopping center in Tempe, Arizona. This development, located at a high-traffic intersection near major roads and national retailers, aims to meet the community's needs with a mix of retailers, restaurants, and service providers. With nearly 75% of the retail space already leased or in negotiations, the project promises to enhance the local economy and lifestyle. Notable tenants include BURN Total Body Conditioning and Luna Grill Restaurant, among others. Tempe's vibrant community, home to Arizona State University and numerous recreational opportunities, stands to benefit significantly from this addition.
Dan Sink, president and CFO of Thompson Thrift Development, and Ashlee Boyd, managing partner for Thompson Thrift Commercial, highlighted the project's alignment with the community's needs and the strong leasing activity. Thompson Thrift's commitment to quality developments is evident in its $6 billion investment in local communities over nearly 40 years. The company's ongoing projects in Arizona, such as Elliot Tech Center and The Gilmore, underscore its focus on high-growth markets. For more details, visit Thompson Thrift.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Thompson Thrift Launches South Tempe Square to Boost Local Economy
