Thor Equities Group acquires industrial facility in New Jersey for $18.3M

From GlobeNewswire.: 2024-06-12 09:37:00

Thor Equities Group has completed a $18.3M sale-leaseback deal for a 111,500 square foot industrial facility in New Jersey. This marks the sixth acquisition in the New York metro area for Thor. The property is located on 3.8 acres in Elizabeth and offers convenient access to major transportation hubs, including the Port of Newark and Newark Liberty International Airport. The facility is fully leased and features 6,000 square feet of office space, loading docks, and outdoor storage. Thor’s Chairman, Joe Sitt, has discussed the company’s expansion into the data center sector, highlighting the demand for new technology.



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