Thor Equities Group completes development milestones and lease extensions, showcasing growth and strategic expansion

From GlobeNewswire: 2024-12-20 13:23:00

Thor Equities Group, a leader in urban real estate development, announces the completion of development milestones and lease extensions across its national portfolio. The company broke ground on a 310,500-square-foot warehouse in New York and secured a $68.5 million construction loan. In New Jersey, upgrades were completed at a 180,000-square-foot industrial building. Thor Equities also secured lease extensions in California and New Jersey. Chairman and CEO Joe Sitt expressed pride in the company’s growth and strategic expansion in key markets, delivering quality spaces for a variety of tenants across different asset classes.

These achievements reflect Thor Equities’ commitment to high-quality, innovative spaces, showcasing strength and resilience in the markets they invest in. The company operates globally in major cities and has a property portfolio totaling $20 billion with a development pipeline exceeding 50 million square feet. Thor Equities has a strong presence in the US, Europe, and Latin America, maximizing returns for institutional investors by leveraging market trends and maintaining a competitive edge.



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