Thompson Thrift Retail Group Announces Start of Construction in Peoria, AZ
June 13, 2019
Phase I of the project will consist of approximately 20,000SF of retail space plus a 22,000SF ALDI grocery store, which closed on the acquisition of their parcel earlier this month. ALDI will join retailers such as Black Rock Coffee, Sherwin Williams, Jabz Boxing, and BurgerIM within Phase I of the development. Phase II will accommodate up to an additional 45,000SF of retail space and be jointly marketed by Tyson Switzenberg and Tim Hurley of Jones Lang LaSalle on behalf of TTRG.
In addition to the retail portion of the project, Watermark Residential, the multi-family division of Thompson Thrift, plans to develop a luxury apartment community consisting of approximately 140 Class “A” units on 10 acres directly east of the retail portion of the project. The Watermark community will have an emphasis on pedestrian connectivity to the commercial portion of the project.
