Thor Equities Group

Thank you, Hillel Fuld! Check out an incredible interview featuring Thor's Chairman, Joe Sitt, and find out why he believes Israel is on the brink of an economic revolution. https://lnkd.in/ejC8T2z5

Thor Equities recently completed the acquisition of its sixth industrial property in New Jersey, nearly doubling the value and footprint of its portfolio in the state - which now totals 1.4M sqft. Thor owns assets in prime markets including Bridgewater, West Deptford, Bogota, Passaic, Elizabeth, and Newark. https://lnkd.in/ea2VPqcj

Team Thor is excited to announce the successful refinancing of eight logistics assets in Madrid and Barcelona through a €22.5 million green loan with ING. Here's to a more sustainable tomorrow! “We are proud to secure this green loan which will support the continued development and management of our logistics portfolio in Madrid and Barcelona. This marks an important milestone in advancing our commitment to sustainability and strengthens our ongoing strategy of delivering long-term value for our investors, tenants, and communities,” said Chairman and CEO of Thor Equities Group,?Joe?Sitt. https://lnkd.in/e4vCzQeb

Thor Equities capped off 2024 with one of Brooklyn's largest industrial sales of the year—the sale of 280 Richards Street, a cutting-edge facility fully leased to Amazon! "Logistics has been a core focus of our strategy for years, and this sale reinforces the strong demand for industrial properties in key markets, particularly those with long-term, stable tenants like Amazon,” said Chairman and CEO of Thor Equities Group, Joe Sitt. https://lnkd.in/eJvMEprh

Team Thor is excited to announce that Nike has signed a lease at 30 Gran Via in Madrid, a historic property in one of the city's most iconic locations! “With the completion of this lease, we are not just welcoming a tenant; we are partnering with a global icon to enhance the vibrancy of the Gran Via,” said Chairman of Thor Equities Group, Joe Sitt. “We are thrilled to welcome them and add new energy to the neighborhood.” https://lnkd.in/eTz_rJtN

Team Thor is excited to announce the successful closure of over $100 million in construction financing. In recent weeks Thor has closed a $36.95 million construction loan for its development, Wynwood Walk, in South Florida, and a $68.5 million construction loan for an industrial asset in New York. "We’re excited to build on the momentum that we’ve achieved at Wynwood Walk,” said Chairman of Thor Equities Group, Joe Sitt. “With our talented team and a solid foundation of existing tenants, we look forward to realizing the full potential of Wynwood Walk as a key destination in Miami." https://lnkd.in/esJ4vbaC

Exciting news! Team Thor is pleased to announce it has successfully closed a $68.5 million construction loan secured by ACRES Capital for 377 Carlls Path in Deer Park, New York. This financing will support the development of a state-of-the-art, 310,500 square foot Class A industrial facility. Big things are ahead!

Team Thor is excited to share the successful sale of a premier industrial facility in Laredo, Texas - ?one of the most crucial land ports in the world - achieving an impressive 180% IRR! Read more below: https://lnkd.in/e84GuJAw

BIG News! Thor Equities is teaming up with José Andrés Group in Washington D.C. to launch The Bazaar House by José Andrés: A luxury hotel & membership club set to redefine dining with one-of-a-kind culinary offerings! Read more here: https://lnkd.in/dDRFsYgw

Team Thor is on a roll! We're excited to share our sixth acquisition in recent weeks: the Chocolate Factory Lofts in Brooklyn. Originally constructed in the 1890s as the Tootsie Roll factory before being converted into lofts in the early 2000s, this property seamlessly blends historical elements and modern amenities.?Read more about this ‘sweet’ addition to Thor's portfolio below! https://lnkd.in/gJSgCYED