Thompson Thrift Breaks Ground on 1M-SF Industrial Development Near Phoenix
1M square foot development to consist of 400,000 square feet across five stand-alone buildings
Thompson Thrift has started construction on the first phase of the 1-million-square-foot Germann Commerce Center in Queen Creek, a suburb southeast of Phoenix.
Located on the southwest corner of Germann and Meridian Roads, the first phase of Germann Commerce Center will consist of approximately 400,000 square feet of speculative light industrial space in five standalone buildings spread across approximately 26 acres. The buildings will offer front-park/rear-load industrial, with clear heights from 28 to 32 feet and frontage on East Germann Road.
With access to the Phoenix-Mesa Gateway airport, Loop 202 and State Road 24, the development is positioned to take advantage of the area’s skilled workforce, industrial demand and proximity to residential housing.
At full buildout, the project can provide up to 1 million square feet of warehouse, distribution, light assembly and manufacturing space, covering approximately 68 acres. Thompson Thrift expects the first phase to be complete in the first quarter of 2024 with build-to-suit and for-sale options in phase two available immediately.