Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the acquisition of an 82-acre parcel in Adairsville, Georgia. Situated on US Highway 41 South, Thor plans to develop an 1,038,000 SF state of the art industrial property.
Located 60 miles from the center of Atlanta in the I-75 N submarket, the Adairsville site enables operators to access the ninth largest city in the US in one hour. The property is in close proximity to I-75 and the new inland port located in Chatsworth, GA, allowing future tenants to receive goods directly from the Port of Savannah. Thor’s construction plan includes top of the market class A specifications including 40’ clear height, an 8” slab, up to 306 trailer spaces and 577 auto spaces along with a modern design.
“We see Atlanta as a key market in our industrial expansion. Our plans to deliver a high-quality development will benefit our future tenants by enabling them to serve the densely populated Atlanta market or take advantage of north Georgia’s excellent manufacturing labor pool,” said Chairman of Thor Equities Group, Joe Sitt.
Thor has been bullish in the industrial sector both in the US and abroad, having acquired a 196,300 property in the Los Angeles/Carson submarket in April and leased a warehouse in Brooklyn to a leading e-commerce player in late 2020. Abroad, Thor acquired seventeen assets between Spain and France and sold a 2.2M square foot portfolio in the UK earlier this year.
Thor Equities launched its newly redesigned website, www.thorequities.com in November. The new website reflects the company’s status as a multi-dimensional asset manager and includes its Thor Ventures division focused on investing in technology, DTC brands and transformative businesses.
About Thor Equities Group
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 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.
