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Connect CRE · Retail

Safeway Opens at 200K-SF Gilbert Retail Center

Via Connect CRE · August 17, 2026
Compiled by Real Estate Trail Editorial · August 17, 2026

Why this matters

The opening of a large-format Safeway within a substantial mixed-use development in Gilbert underscores several institutional trends in US retail real estate. Grocery-anchored retail remains a cornerstone for stabilizing cash flows amid broader sector volatility, particularly as e-commerce continues to reshape traditional retail footprints. The scale of the store suggests confidence in sustained consumer demand in suburban markets, where population growth and lifestyle preferences support grocery-anchored centers as community hubs. For institutional investors and lenders, this signals ongoing appetite for retail assets with essential-service anchors that can underpin leasing velocity and tenant credit quality. Mixed-use developments that integrate grocery stores also reflect a strategic response to evolving consumer behavior, blending convenience with experiential elements to drive foot traffic. The project’s completion may indicate that capital remains accessible for well-conceived retail schemes, despite tightening lending conditions in some CRE sectors. Overall, the Safeway opening at The Gilmore highlights how grocery-anchored retail continues to serve as a defensive play within retail portfolios, offering a degree of resilience amid sector-wide headwinds and shifting capital flows. It also reinforces the importance of location and tenant mix in underwriting retail assets in suburban growth corridors.

Editorial analysis · AI-assisted

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Thompson Thrift celebrated the grand opening of Safeway at The Gilmore, the company’s 35-acre mixed-use development in Gilbert. The 64,000-square-foot Safeway grocery store is located at the northwest corner of…
Read the full article at Connect CRE →

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