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Thor Equities Group Acquires 180,000 Square Foot Industrial Asset in New Jersey

Jul 15, 2024•almost 2 years ago

Contract Type

agreement

New YorkReal Estate

Description

Thor Equities Group has announced the acquisition of a 180,000 square foot industrial asset in New Jersey for $25.6M, representing the eighth industrial acquisition in the New York metro area and the fourth industrial acquisition overall within the last month. The asset offers ideal connectivity and immediate proximity to the Philadelphia metropolitan area.

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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