The commercial real estate developer Thompson Thrift has purchased approximately 3.68 acres of land for the creation of South Tempe Square, a 27,119-square-foot retail center in Tempe, Arizona.
According to the company, the center will consist of four buildings, ranging in size from 4,500 square feet to 9,753 square feet.
The financial aspects of the purchase were not disclosed. Construction is expected to start in the first quarter of 2025, with an opening planned for early 2026.
“We believe South Tempe Square will provide a high-quality retail center for the community while offering retailers an exceptional high-traffic, high-visibility location,” said Andrew Call, vice president of development management – southwest region for Thompson Thrift.
Photo: Artist’s rendering of the planned development
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