Thor Equities expands with acquisition of data center site in Georgia, marking increased presence in industry

From GlobeNewswire: 2024-08-07 12:43:00

Thor Equities Group has acquired a 270-acre site in LaGrange, Georgia for data center development, with a 506,220 square foot facility and 50 MW of in-place power output. The acquisition marks a significant expansion in Thor’s presence in the data center sector, driven by the increasing demand for AI technologies and cloud computing. The company plans to leverage cutting-edge technology and infrastructure to build a state-of-the-art data center that will drive innovation in the Southeast region. This is Thor’s fifth acquisition in recent weeks, showcasing their commitment to the data center industry through its dedicated platform, Form8tion.

In addition to the LaGrange acquisition, Thor Equities has made recent acquisitions in New Jersey, Laredo Texas, and Mexico’s Saltillo and Ramos Arizpe markets. Chairman Joe Sitt discussed the firm’s activity in Mexico and its widespread industrial portfolio in key markets across the US and abroad. Thor Equities is a global leader in real estate development, leasing, and management, with a property portfolio totaling $20 billion and a development pipeline exceeding 50 million square feet. They maximize returns for institutional investors by recognizing property potential and leveraging market trends to maintain a competitive edge.



Read more at GlobeNewswire: Thor Equities Strengthens Portfolio with High-Power