Thompson Thrift buys land in Queen Creek

By AZRE

Thompson Thrift Commercial, a wholly-owned company of Indianapolis-based Thompson Thrift, announced today the acquisition of approximately 68 acres of land zoned for industrial development, just west of the southwest corner of Germann Road and Meridian Road in the Phoenix suburb of Queen Creek.

The sale price was $31,082,205 ($10.46 per SF), according to Vizzda.

“We are thrilled to grow our presence in the booming Queen Creek area,” said Chris Hake, senior vice president, director of the Southwest region of Thompson Thrift. “With a low industrial vacancy of less than 3% in the southeast valley, and strong demand evidenced by national users like Google, Apple, Amazon, Intel, LG and others, we expect strong interest as other industrial users migrate to the submarket.”

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