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60 and Signal Phase2 1676x1000

Mesa, AZ

Thompson Thrift Retail Group (TTRG) just closed on the purchase of Phase II of a 15-acre master planned development in Mesa, AZ. Located at the NWC of US 60 and Signal Butte, the acquisition of Phase I of the development closed earlier this summer. Simultaneously, TTRG also closed on a construction loan for the project, which will allow for the commencement of master infrastructure improvements and construction of a freestanding Black Rock Coffee BTS within the development.

When fully built out, the development will feature approximately 95,000 square feet of commercial space set among a series of freestanding and multi-tenanted buildings.

Whataburger, Backyard Taco, Black Rock Coffee and EOS Fitness have already committed to the site. TTRG is targeting to open the first phase of the development in the first quarter of 2022. When all phases of the project are complete, TTRG expects the development to have a total project cost in excess of $28 million.