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Thor Equities Group Completes $157 Million Sale of Amazon Distribution Center in Brooklyn

Dec 31, 2024•over 1 year ago

Contract Type

contract

New YorkReal Estate

Description

Thor Equities Group has announced the completion of the sale of 280 Richards Street in Brooklyn, a state-of-the-art industrial facility, to Amazon for $157 million. The property features approximately 312,100 square feet of distribution warehouse space, office and utilities space, loading docks, a truck court, and an abundance of parking. This sale reinforces the strong demand for industrial properties in key markets, particularly those with long-term, stable tenants like Amazon.

Company Information

Company

Thor Equities Group

Location

West 39Th St

New York, New York, United States

About

Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 18 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.

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