About Us

Group_webFounded in 1982, Thomas Properties, Inc. is a full service real estate investment, development and property management. Construction services are also provided through its affiliate, Tioga Construction.

Headquartered in Walnut Creek, California, the firm is active in major west coast markets and represents the interests of private investors, group investors, and entities of institutional investors; bringing to its projects a vast and diverse experience.

Steve Thomas, principal of Thomas Properties has developed over two million square feet of commercial, office, industrial, R&D, Biotech and residential projects over the past 25 years. In addition, he and his company are committed to working only with team members who are dedicated to perform beyond expectation in all aspects of project development.

On each project, Thomas Properties manages the entire development process, bringing together a team of experts in each field who will work as if it were their investment in the project.
With over $200 million worth of development projects in recent years, the Thomas Properties team knows the right questions to ask to best understand the requirements and objectives of each development. They apply this knowledge to every aspect of the project which streamlines the entitlement process, while maintaining development goals in the most cost-effective method possible.

As a company, Thomas Properties emphasizes teamwork, client compatibility, local market knowledge, productivity and most importantly, personal integrity. This is confirmed by the success of our projects and clients/investors satisfaction.

Our Executive Team

Steve Thomas


Chief Executive Officer

Chief Executive of Thomas Properties, Inc. and Tioga Construction, Inc., Steve Thomas is a fourth generation Californian, builder-developer. Thomas began his real estate career in 1983 as a Real Estate Broker, specializing in high density, multi-family land development, and over the years acquired substantial experience in the real estate, construction, and development industries. He began management and ownership of the business in 1989.  Over the years Thomas Properties has developed more than 2000 lots and multi-family units and has primarily focused on investing, developing and building more than 1000 apartments and well over 2 million square feet of commercial rental space, including retail, office and bio-tech.

Thomas has served many organizations with both financial commitments and leadership roles including Hospice, Mesothelioma, Walnut Creek Art & Wine, Clayton Business Community Association, Walnut Creek Community Foundation, Home-Aid, Walnut Creek Chamber of Commerce, Concord Chamber of Commerce, 4-H in California and Colorado, Walnut Creek Pony league, California Waterfowl Association to name a few.

Thomas is past President of the Contra Costa Centre Association, a transit oriented development he has participated in active development since 1986, which now has over 1 million SF of office space over 2,000 apartment units and 2 hotels, and past president of the Building Industry Associations, Commercial Industrial Council.

Thomas is a graduate of the University of Arizona where he earned his degree in Real Estate and Finance and ran Track and Field.  He also holds a California General Contractor’s License.



Dave Thomas

VP of Construction


Dave Thomas has lead the construction management team at Tioga Construction since 1988. He oversees and manages all aspects of construction including bidding and awarding of projects, preconstruction and budgeting, project control, design coordination, value engineering and construction of all types of commercial buildings. Thomas is responsible for establishing the overall scope of projects, preparing bids, estimating, managing engineering, architecture, consulting teams and sub contractors and establishing criteria and schedules for construction and installation. Known in the industry for being “on time and on budget” he specializes in scheduling and quality and cost control. Thomas has successfully constructed over 1 million quare feet of space, including office, retail and multi-family units.


A graduate of California State University, Chico, Thomas received his degree in Construction Management.


Sam Thomas

President of Development and Leasing


As President of Development and Leasing  for Thomas Properties since 2010, Sam Thomas is responsible for management of the company portfolio of new and existing development projects, property identification, acquisition and tenant negotiations. Thomas also oversees the overall supervision and management of the leasing responsibilities for all commercial real estate properties. This includes leasing of new developments and adaptive re-use projects, as well as existing stabilized assets with routine turnovers. He also manages the creation, design, marketing and execution of company development projects, and specifically identifies, researches, underwrites and manages the acquisition of properties to close of escrow.

Thomas attended California State Polytechnic University, San Luis Obispo where he played baseball on scholarship.




Our Portfolio

Established in 1983, Thomas Properties has become one of the most respected commercial developers in the Bay Area. Well versed in investing, real estate, development and construction, Thomas Properties has developed and built over 1,000 apartments and well over 2 million square feet of commercial space including retail, office and bio-tech projects.

Active Projects Stabilized Projects


Fairfield CA   Retail 1 Acres
Emerson Landing / Oakley CA Res / Comm  24 Acres
Camera Willow Pass Business Park / Concord CA Business Park 350,000 SF
Brentwood Downtown / Brentwood CA Mixed Use / Res / Comm 65 Acres
West Main Market Place / Turlock CA Grocery Anchored Retail 105,000 SF
 Folsom Square / Folsom CA Retail 78,000 SF
Camera  Gateway Shopping Center / Pinole CA Grocery Anchored Retail  5.5 Acres
Rocklin CA Retail  6.1 Acres


Trolley Square / Salt Lake City UT Shopping mall 380,000 SF
Frito Lay / Concord CA Industrial 100,000 SF
Walgreen's Center / Roseville CA Retail 50,000 SF
Rocklin CA General Commercial 200,000 SF
Ventura CA Retail / Residential 60,000 SF
Krispy Kreme / S&G Carpets / Elk Grove CA Highway Commercial 25,000 SF
Mack Road / Sacramento CA Highway Commercial 100,000 SF
Gateway Office / Elk Grove CA Office 14,000 SF
Orinda Theater Center / Orinda CA Office / Specialty Retail 87,000 SF
Pleasant Village Center /Pleasanton CA Retail 26,000 SF
Vista Del Lago / Concord CA Apartments 85 Units
Courtyard Plaza / Concord CA
Apartments 50 Units
Maplewood / Concord CA
Apartments 38 Units
PMI Center / Walnut Creek CA
Office 200,000 SF
Thoratec Labs / Pleasanton CA
Biotech 62,500 SF
RiteAid / Walnut Creek CA
Retail 17,500 SF
Shadelands Drive / Walnut Creek CA
Medical / Office 80,000 SF
Franklin Center / Pleasanton CA
Office 165,000 SF
Danville Blvd. Center / Alamo CA
Retail 10,000 SF
Alamo Village / Alamo CA
Residential / Condos 30 Units
Clayton Road Center / Clayton CA
Retail 5,000 SF
Station Plaza / Walnut Creek CA
Office 50,000 SF
Oak Court / Danville CA
Office 10,000 SF
1401 N. Broadway / Walnut Creek CA
Office / Retail 19,000 SF
Lamorinda Bank / Walnut Creek CA
Office 40,000 SF
PETCO Pet Supply / Dublin CA
Retail 15,000 SF
Mt. Diablo Bank / Pleasanton CA
Office / Retail 7,500 SF
Oakland Blvd Office / Walnut Creek CA
Office 17,000 SF
Albertsons Portfolio / California / Arizona / Colorado
Retail Value Add 10 stores 50,000 SF each
Pacifica CA
Residential / Land Entitlement 56 acres
Encinal 14th / Oakland CA
Light Industrial / Flex 6 acres
Holiday Inn Express / Turlock CA
Hotel  78 Rooms
Marriott Fairfield Inn & Suites / Turlock CA
Hotel  81 rooms
Montrose CO
Infill / Residential 40 acres
Del Monte Shopping Center / Pinole CA
Retail 45,000 SF
Murphys CA
Finished Lots / Homes
Roseville CA
Retail 5,000 SFMonte Vista Crossings / Turlock CA Power Center / Retail 600,000 SF
Flora Square / Clayton CA   Retail / Office 15,000 SF
Camera Civic Executive Park / Concord CA Business Park 160,000 SF
Popeyes Chicken / Oakley CA Retail




Has successfully completed the disposition of a 50,000 Class A Office Building in Walnut Creek, CA. Thomas Properties originally developed the project in the late 1980’s and has held the asset  for investment ever since.


Announces the acquisition of a 12,000 square foot single tenant net leased building to Petco located in Dublin, CA. Thomas Properties originally developed the asset in the Mid- 1990’s and is pleased to have the building back in its portfolio.


Successfully completed the acquisition of a single tenant net leased DaVita Dialysis Clinic in Long Beach, CA. The site is strategically located on Long Beach Blvd next to the Long Beach Memorial Hospital. DaVita has occupied the building since 2002.



Is pleased to announce its latest acquisition of an out parcel to the Solano Town Center Mall, Fairfield, CA. Thomas Properties successfully entitled a portion of JC Penney’s parking lot for a multi-tenant retail development anchored by The Habit Burger Grill. Construction will commence in the Fall of 2017 and tenant openings Spring 2018.



Has completed the entitlements for Rocklin Station, a 6.5 acres Retail Development located at the corner of Sierra College Blvd and I-80, Rocklin, CA. Rocklin Station will feature a variety of Restaurants and Retail users. Construction is slated to commence in Quarter 1, 2018.



161220-04988-RENDERINGS-webIs excited to announce the successful entitlement of an 11,000 square feet medical office building to be occupied by DaVita Health Care. The project is phase 2 of the Gateway Shopping Center, located in Pinole, CA. Construction is scheduled to commence Summer 2017.


Is pleased to announce the disposition of a STNL Popeyes Louisiana Chicken.


2017 Folsom announcement
Is pleased to announce the acquisition of Folsom Square, a 78,000 square foot Shopping center shadowed anchored by Target. Thomas Properties plans to lease the remaining vacancy and hold the property for long term investment.

Founded in 1982, Thomas Properties, Inc. is a full service real estate investment, development and property management firm.





Is excited to announce the successful Grand Opening of the Gateway Shopping Center located in Pinole, CA. Anchored by Sprouts Famers Market, Gateway Shopping Center features a variety of successful local and national retailers. Thomas Properties plans to hold the property as a long term investment.



Is excited to announce the acquisition of approximately 6.5 commercial acres in Rocklin, CA. The site will be held for future development.



1400-Pinole-Valley-Road---Pinole-1Thomas Properties is excited to announce the groundbreaking of the Gateway Shopping Center in Pinole, CA. Gateway Shopping Center is anchored by Sprouts Farmers Market. The Shopping Center will consist of a variety of best in class tenants such as; The Habit Burger,Starbucks and others.

Acquisition Announcement! March 2016 THOMAS PROPERTIES INC.

Thomas Properties is excited to announce the acquisition of 101 Carol Lane and Main Street, Oakley CA.Construction is scheduled to commence Spring 2016 for a Popeye’s Louisiana Chicken with drive through.

Sales Announcement! April 2016 THOMAS PROPERTIES INC.

 Thomas Properties is excited to announce the disposition of Flora Square of Clayton, CA


Archive News 2015 ..

Archive News 2014 ..

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Where we are

  • Thomas Properties
  • 3100 Oak Road, Suite 140
  • Walnut Creek, CA
  • (925) 945-6266
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