Sprouts to Anchor New Commercial Development South of Phoenix
Thompson Thrift Retail Group recently announced it had signed Sprouts Farmers Market Inc. to anchor its new retail development in Maricopa.
Located near the intersection of John Wayne Parkway and Edison Road, the Sonoran Creek Marketplace is due to deliver 75,000 square feet of new Phoenix commercial real estate space. Of that, Sprouts will occupy 23,293 square feet. The company is expected to begin operations at the retail center in September 2021.
The roughly 14-acre site will also be home to State Farm Insurance, The Joint Chiropractic, Jimmy John’s and Filiberto’s Mexican Food. Dutch Bros., Culver’s and Fast & Friendly Express Carwash are already operating on site.
This marks Thompson Thrift Retail Group’s first development in Maricopa — a thriving, fast-growing suburban city just 35 miles south of Phoenix. The company’s 2021 southwest pipeline is slated to deliver more than $120 million in volume across the Phoenix metro, with current plans including projects in Glendale, Tempe, Peoria, Mesa, Tucson and Casa Grande.
Nathan Steele, director of economic and community development for Maricopa, said, “This new shopping center is a boon for Maricopa. We are excited that our growing community will benefit from nearly 300 new jobs and an array of quality retail and dining options that Thompson Thrift will bring with this new shopping center.”
Chris Hake, senior vice president and director of the Southwest region for Thompson Thrift, said in a statement, “Maricopa is one of the largest Arizona markets without a specialty grocer and the existing retail in the trade area has very strong occupancy and sales, so our team thought this could be an excellent opportunity for an outstanding grocer like Sprouts. Even during these unprecedented times, our team was able to come together, acquire a prime property in the center of Maricopa’s retail district, and bring an industry leader like Sprouts to the community. The Sonoran Creek Marketplace will be an extremely attractive location for additional retailers and restaurants looking to locate or relocate in Maricopa.”