Case Study: Sprouts Farmers Market achieves a cost-effective, customized Phoenix headquarters with Cresa

Sprouts Farmers Market - Customer Case Study

Sprouts Farmers Market, a Phoenix-based healthy grocer expanding to 280+ stores across 15 states, needed a long-term plan for a corporate headquarters that embodied its "healthy living for less" identity after going public. Cresa was engaged to provide Transaction Management and Project Management services to identify and secure the right headquarters solution.

Cresa conducted an intensive market search and negotiations, securing a 95,527 sq. ft. shell building in the High Street mixed-use development in North Phoenix and overseeing its transformation into a four‑floor collaborative headquarters with a ground-floor retail grocery. The deal delivered measurable benefits: initial rent 10% below market, a tenant improvement allowance 150% of what other tenants received, rental abatement twice the typical concession, and a three-story parking structure built for exclusive employee use — concrete cost savings and enhanced amenities for Sprouts Farmers Market.

Sprouts Farmers Market