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Commercial

Developing commercial projects across the country.

615+ Team Members*

22 States*

4.5+ Million GLA

$5.4+ Billion Volume*

*Thompson Thrift combined company numbers as of November 2023.

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About Commercial

Focused on grocery-anchored, mixed-use, retail, and industrial developments

Thompson Thrift's commercial business unit develops first-class grocery-anchored shopping centers, high-energy mixed-use projects, and state-of-the-art industrial projects across the country, with a strategic focus on high-growth markets in the southwest and southeast regions of the US. The Commercial group has developed over 150 projects ranging in size from single-tenant, build-to-suits to large-format, fully-integrated mixed-use projects, and first-in-class distribution and manufacturing facilities.

Special attention to locations that bring new business opportunities to underserved areas across our target markets is our top priority. We follow disciplined acquisition criteria to ensure the success of each development, including locating sites with regional accessibility in the path of progress and affluent high-growth markets, as well as, dynamic infill locations within top-tier established trade areas.

Our in-house leasing team works closely with the development team on the merchandising plan for each Thompson Thrift mixed-use and retail development, followed by in-depth research on new and existing businesses looking to expand or relocate in the markets we serve. We also work with some of the nation's top brokerage firms to ensure we are connecting with retailers and other businesses across all categories—from grocery & big box to smaller inline users, entertainment, restaurants, soft goods, hospitality, and other unique service-oriented tenants.

The increasing trend for online purchases is creating unparalleled growth opportunities for warehouse and distribution space across the country. Thompson Thrift is uniquely suited to serve our clients across a wide spectrum of the supply chain and deliver smart logistics solutions that meet the growing distribution needs of today's online merchants and brick & mortar retailers as their distribution and warehousing needs continue to grow at an exponential pace. Additionally, our team of experienced professionals delivers state-of-the-art industrial projects designed to meet the needs of the fast-growing advanced manufacturing and tech sectors which are fueling the “economy of tomorrow” and helping to drive high-wage job growth across the United States.

Our Markets

Location is key.

We are developing projects across the country. Interested in finding commercial space? We have a wide mix of project types for you to consider. Visit our properties page for a complete list of our commercial locations.

Our Team

World class team members from the ground up

At Thompson Thrift we strive to achieve our core values of excellence, leadership and service every day. Our teams work with our partners to ensure they are receiving the service they expect and deserve.

Paul Thrift

Paul Thrift

CEO

Ashlee Boyd 2023

Ashlee Boyd

Managing Partner, Commercial

Chris Hake

Chris Hake

Senior Vice President, Director of Southwest Region

602-313-8632

Potter Don

Don Potter

Senior Vice President, Director of Development Operations

317-853-5446

Shadwick Will

Will Shadwick

Vice President of Construction

Ryan Menard website

Ryan Menard

Vice President of Development

317-853-5422

Brad Williams

Brad Williams

Vice President Development Management - Midwest/Southeast Region

Imel Andrew

Andrew Imel

Vice President, Industrial Development

Andrew Call

Andrew Call

Vice President Development Management - Southwest Region

Where We've Been

Where We're Going

Past

Thompson Thrift started its journey into the commercial sector in the mid-1990's with only 20 retail projects in Indiana and Illinois.

Present

Since then, Thompson Thrift's commercial business unit has grown exponentially by expanding its product offerings to include grocery-anchored, retail, mixed-use and industrial developments in new markets across the US. Thompson Thrift now has over 150 commercial developments and is continuing to grow.

Future

The future of Thompson Thrift's commercial development centers around expansion into new markets, enhanced research and depth of understanding in current core markets, continued discipline in underwriting and site selection, and leveraged relationships with brokerages, builders, master developers, and economic, planning, and transportation departments.

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Trust

We work in a very transparent manner with the municipalities that we’re doing business in, and negotiate in an ethical manner to bring quality projects to those communities that will be a lasting impact.

Ashlee Boyd, Managing Partner, Thompson Thrift Commercial
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Impact

Thank you for stretching the concept of what retail development can look like in a suburban environment and investing and partnering with myself, the city council, and our team to create something extraordinary for our city.

Mayor Scott Fadness, City of Fishers, IN
Drone View Fishers District
Teamwork

Working at Thompson Thrift has given me a greater perspective on what teamwork is all about. It’s great to be part of company that puts people first.

Brandon Borah, Director, Retail Sales & Leasing

Our Services

Experienced real estate professionals focused on development and leasing

We offer a full range of development, construction, leasing, and property management services focusing on grocery-anchored retail and mixed-use developments. Our aggressive and proactive approach to every aspect of our business activities delivers projects on time and on budget.

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