{"id":1004736655,"date":"2024-11-11T06:16:16","date_gmt":"2024-11-11T14:16:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004736655"},"modified":"2024-11-11T07:12:07","modified_gmt":"2024-11-11T15:12:07","slug":"thompson-thrift-completes-1st-phase-of-1-msf-phoenix-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/thompson-thrift-completes-1st-phase-of-1-msf-phoenix-project\/","title":{"rendered":"Thompson Thrift Completes 1st Phase of 1 MSF Phoenix Project"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/QueenCreek_Rendering-e1674818528128.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"675\" data-attachment-id=\"1004641834\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/thompson-thrift-breaks-ground-on-1-msf-phoenix-project\/queencreek_rendering\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/QueenCreek_Rendering-e1674818528128.jpg\" data-orig-size=\"900,675\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"QueenCreek_Rendering\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rendering of Germann Commerce Center. Image courtesy of Thompson Thrift&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/QueenCreek_Rendering-e1674818528128.jpg?w=900\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/QueenCreek_Rendering-e1674818528128.jpg?w=900\" alt=\"Rendering of Germann Commerce Center.\" class=\"wp-image-1004641834\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/QueenCreek_Rendering-e1674818528128.jpg 900w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/QueenCreek_Rendering-e1674818528128.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/QueenCreek_Rendering-e1674818528128.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">The first phase of of Germann Commerce Center offers 400,000 square feet. <em>Image courtesy of Thompson Thrift<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Thompson Thrift continued its ongoing focus on Arizona markets with the completion of the first phase of Germann Commerce Center, an industrial development taking shape in the southeast Phoenix suburb of Queen Creek.<\/p>\n\n\n\n<p>The initial phase of Germann Commerce Center comprises about 400,000 square feet of speculative light industrial space in five standalone buildings. The site covers approximately 26 acres at the southwest corner of Germann and Meridian Roads.<\/p>\n\n\n\n<p>Phase I <a href=\"https:\/\/www.commercialsearch.com\/news\/thompson-thrift-breaks-ground-on-1-msf-phoenix-project\/\">broke ground<\/a> in January 2023. The buildings are front-park\/rear-load facilities, with clear heights from 28 to 32 feet and frontage on East Germann Road. Thompson Thrift said the build-out of the speculative office space in phase I will be completed by the end of the year.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-wide\" style=\"background-color:#c2c2c2;color:#c2c2c2\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/why-industrial-outdoor-storage-will-always-be-in\/\">Why Industrial Outdoor Storage Will Always Be In<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-wide\" style=\"background-color:#cdcdcd;color:#cdcdcd\"\/>\n\n\n\n<p>Thompson Thrift will add approximately 622,000 square feet of industrial space during the project\u2019s second phase, which is being marketed for build-to-suit and for-sale options. Upon completion, the full development will offer 1 million square feet of warehouse, distribution, light assembly and manufacturing space across 12 buildings on approximately 70 acres.<\/p>\n\n\n\n<p>The company is also progressing on the first phase of Elliot Tech Center, a mixed-use project in Mesa\u2019s Elliot Road Technology Corridor. More than 45 percent of the property is leased and it continues to see strong interest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-phoenix-s-active-development-market\">Phoenix&#8217;s active development market<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/edgecore-secures-1-9b-for-phoenix-data-center-campus\/\">A large data center<\/a> at the Elliot Road Technology Corridor campus received funding earlier this year. EdgeCore Digital Infrastructure gained $1.9 billion in green financing to further develop its Mesa campus.<\/p>\n\n\n\n<p>LG Energy Solution is constructing <a href=\"https:\/\/www.commercialsearch.com\/news\/lg-energy-solution-to-build-5-5b-ev-battery-complex\/\">a $5.5 billion battery manufacturing complex<\/a> that is expected to create 4,000 new jobs, making the company Queen Creek\u2019s largest employer. The property will be near Germann Commerce Center and will offer 1.7 million square feet, with completion planned for early 2026.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The initial stage of Germann Commerce Center comprises 400,000 square feet.<\/p>\n","protected":false},"author":3568,"featured_media":1004641834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1601,15],"tags":[49300],"class_list":["post-1004736655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-phoenix","category-west","tag-thompson-thrift-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Thompson Thrift Completes 1st Phase of 1 MSF Phoenix Project - 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