With the goal to meet the nation's "unparalleled demand" for warehouses, distribution sites and fulfillment centers, Thompson Thrift Commercial, a wholly-owned company of Indianapolis-based Thompson Thrift, announced this week it is diversifying its commercial group to include an industrial sector.
Estimates are that the US may need more than 1 billion square feet of additional industrial space by 2025 to support the growing e-commerce demand, said Chris Alexander, its senior vice president of industrial development.
Two Phoenix-area industrial projects are underway for Thompson Thrift. Phase I of Elliott Tech Center, is a 25.5-acre parcel at the northwest corner of Elliot Road and Signal Butte Road in Mesa, Ariz.
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