Thompson Thrift enters industrial development sector
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
Indianapolis-based Thompson Thrift Commercial is expanding into the industrial sector. The real estate development company says Chris Alexander will lead the newly-established business sector with his promotion to senior vice president of industrial development.
Ashlee Boyd, managing partner for Thompson Thrift Commercial, says the decision to enter the industrial development marketplace comes amid increasing demand for industrial space throughout the company’s targeted markets.
“We are excited to add industrial to our development platform, which is a natural diversification into a product type that will add significant growth opportunities for our business unit and company,” said Boyd.
Alexander joined Thompson Thrift Residential in 2018 and most recently served as vice president of development for the Midwest region.
“Estimates are that the U.S. may need more than 1 billion square feet of additional industrial space by 2025 in order to support the fast-growing e-commerce demand,” said Alexander. “I am honored that the company has provided me with the opportunity to bring Thompson Thrift Commercial to greater heights while helping to meet the nation’s unparalleled demand for warehouses, distribution sites and fulfillment centers.”
Over the course of his 20-year career, Thompson Thrift says Alexander has served in various leadership roles at private and public industrial development firms, specializing in speculative and build-to-suit projects.