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Aldi deal takes a step back as other South Bridge tenants disappear from plans

Plans for Southbridge Marketplace in July 2025. [Thompson Thrift]

Last month, we knew exactly what was coming to South Bridge Marketplace. This month? Not so much. 

In November, developer Thompson Thrift announced that several nationally recognized chains — including Panera Bread, Five Guys and others — had signed letters of intent to open at the new South Bridge shopping center. Those letters typically indicate that lease terms have been agreed upon and that a deal is close to final. 

They were expected to join Club Pilates, a future Aldi grocery store and the long-awaited Lowe’s Home Improvement, which opens to the public next week. 

But now, things look very different. 

All those six previously announced brands — except Club Pilates — have been removed from the project’s website. In their place, eight shop spaces are now marked as being in the letter of intent stage, though no tenant names are provided. The remaining seven units are listed as available.

Most notably, Aldi has taken a step backward. While the grocery store was listed as being in escrow — a sign of a deal nearing completion — late last year, it’s now marked only as a letter of intent, a more preliminary stage in the process. 

Jake Heims, the senior director of retail sales and leasing for Thompson Thrift, told InMaricopa Wednesday that the company isn’t commenting on the new site plans at this time but suggested more information would become available in the coming weeks.

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