Key Highlights for Real Estate Investors:
- New Development Near Loop 101: Sprouts begins construction on a 180,000 sq. ft. mixed-use HQ campus in north Phoenix’s CityNorth development.
- Completion by July 2026: The project includes a 144,500 sq. ft. office building, flagship Sprouts store (25,000 sq. ft.), garage, and two F&B/retail buildings.
- Strategic Location: Close to current HQ on High Street, and adjacent to major developments like the Mayo Clinic’s $2B expansion.
- Talent Attraction Strategy: CEO Jack Sinclair sees this investment as key to recruiting and retaining top talent in Phoenix.
- Local Government Backing: Phoenix officials, including Mayor Gallego, supported the project to keep Sprouts’ HQ in town—highlighting city goals to attract high-paying jobs.
Why It Matters for Investors:
- Rising Corporate Footprint: This HQ adds to a growing list of major developments in north Phoenix, signaling long-term job and population growth.
- Mixed-Use Demand: Office-retail combos are gaining momentum in high-traffic corridors—especially those with walkability and freeway access.
- Retail Strength: Despite e-commerce, Sprouts doubling down on brick-and-mortar shows confidence in grocery-anchored real estate.