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Thor Equities Group Acquires Industrial Portfolio in Tampa, Florida

Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the acquisition of a thirteen-asset portfolio in the sought-after Tampa industrial market.

Situated in Tampa’s two most established infill industrial submarkets, the Westshore-Airport and Eastside Tampa submarkets, Thor’s portfolio totals 402,000 square feet across thirteen-assets ranging in size from 5,500 square feet to 78,700 square feet. With the assets’ infill locations in the Tampa Bay metro, the portfolio offers users the ability to serve approximately 20 million consumers within a 200-mile radius. The portfolio is 98% leased to 34 tenants including Thermotech Enterprises,  the industry leader in the manufacturing and installation of energy recovery wheels, Superior Pool Products, the national wholesale distributor of swimming pool equipment, parts and supplies; and an additional array of companies specializing in different sectors including shipping, cabinetry, auto repair, beverage and water filtration products, and more.

“Tampa is a rapidly growing market that has quickly established itself as a leading industrial hub in the Southeast. As the migration to Florida surges, this acquisition is fitting with our strategy to invest in well-located assets with accessibility to growing populations. We remain focused on the industrial sector and look forward to uncovering similar opportunities in dynamic locations globally” said Chairman of Thor Equities Group, Joe Sitt.

The acquisition represents Thor’s commitment to building a widespread industrial portfolio with new acquisitions in key markets in California, Georgia, Texas, New Jersey, Pennsylvania, and Illinois in the last year.

Last month, Thor acquired a premier cold-storage warehouse in Los Angeles leased to Anheuser Busch. Also in the Southeast, Thor acquired a portfolio in Savannah, the third investment in the state of Georgia in the last nine months. Abroad, Thor recently sold a collection of prime assets across Spain, France, and the Netherlands, and has been especially active building its Spanish logistics portfolio. Earlier this summer, Thor launched its latest venture, Thor Digital, a division specializing on the acquisition and development of data centers across Europe with an equity commitment of up to US$3 billion and goal of US$9 billion in acquisitions value.

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