Thor Equities Completes Sale Of Luxury Mixed-Use Development in Houston, TX
October 27, 2021, Houston, TX - Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the sale of the Kirby Collection, a 1 million-square-foot luxury mixed-use project in Houston’s iconic River Oaks neighborhood. Thor broke ground on the development in October 2015 which includes an office, residential, and retail components and delivered the property in late 2017.
One of Thor’s premier developments, the 13-story office tower is leased to tenants including Houston-based software company, PROS, as well as Hancock Whitney Bank, Novum Energy, Lukoil, Regency Centers and The Alexander Group. The development also contains 65,000 square feet of retail space on two floors leased to popular dining and entertainment venue, Pinstripes, One Medical, fitness studio Sweat 1000, restaurants Verandah and Pinstripes, as well as Isabelle Rose Salon, Jianna Jewelers and boutique A Ma Maniere. The project also includes a 25-story residential building featuring 199 apartments including seven two-story townhomes and seven two-story loft spaces with private yards. Residents enjoy an array of amenities, counting a swimming pool with cabanas, fire pits and a bar area.
“The successful sale of the Kirby Collection is the culmination of a project we are all so proud of and its contribution to the Houston skyline, an amazing city,” said Chairman of Thor Equities Group, Joe Sitt.
E.E. Reed Construction was the general contractor for Kirby Collection. Los Angeles-based Richard Keating Architecture was the design architect, and Dianna Wong Architecture and Design was the project’s interior designer. Walter P Moore was the structural engineer, and Houston-based WYLIE was the MEP engineer.
Thor’s recent activity includes the acquisition of multiple industrial properties throughout the US and abroad in Southern Europe. In recent months Thor acquired properties outside of Los Angeles, Dallas, Chicago, as well as a last-mile portfolio anchored by Amazon in the Philadelphia area. Abroad, Thor acquired over a dozen assets between Spain and France and sold a 2.2M square foot portfolio in the UK earlier this year.
Thor is also an active developer in the life science sector, with assets in major markets in California, New Jersey, North Carolina, and Massachusetts. Thor recently redeveloped an R&D asset at 95 Greene Street in Jersey City, NJ fully entitled and zoned featuring pre-built laboratory space with robust utilities infrastructure, an efficient centralized common core, supplemental HVAC and more to meet the growing demand in the New York metro area.
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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 a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a 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.