New York April 23, 2021 – Thor Equities Group, a global leader in urban real estate development, leasing, and management, is pleased to announce the acquisition of 2575 El Presidio, a warehouse located within the Los Angeles/Carson Industrial submarket for $30 million. Thor has been investing heavily in the industrial real estate sector for years and the firm has built a logistics portfolio spanning 3.84 million square feet globally.
Located in the Carson Industrial Submarket, 2575 ElPresidio comprises 196,300 square feet on a 6-acre site minutes from the most active Port Complex in the country, The Port of Los Angeles. Fully leased to Texollini, a leader in American textile & fabric manufacturing, the warehouse is ideally positioned near several major throughfares, providing direct access to the densely populated Los Angeles MSA and greater Southern California region.
“2575 El Presidio presents an exceptional opportunity to strengthen Thor’s portfolio of high-quality logistics assets in key markets globally,” said Joe Sitt, Chairman of Thor Equities Group. “We anticipate profound growth in the resilient industrial sector and are pleased to expand our footprint in the US and invest further in our platform.”
Thor’s recent activity in the industrial asset class includes the acquisition and sale of a 2.2million square foot portfolio in the UK, procurement of over a dozen assets in Southern Europe, and lease of a build-to-suit warehouse in Brooklyn to Amazon.
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.