Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the sale of 630 E. Atlantic Avenue, a commercial building in thriving Delray Beach for $6.5M.
Thor acquired 630 E. Atlantic, a 10,000 square foot retail and office space for $4.1M in 2015. Located steps from the highly anticipated Atlantic Crossing development which recently completed phase 1, the asset is ideally situated in Delray Beach’s bustling downtown. The ground floor is fully leased to popular restaurant J&J Seafood and the second floor is dedicated office space.
“We are pleased to complete the sale of this well-located asset in vibrant Delray Beach,” said Executive Vice President of Thor Equities Group, Jack J. Sitt. “South Florida has performed especially well, and we look forward to identifying more opportunities in this region.”
Thor’s portfolio in Miami includes the Wynwood Walk development, 250 NW 24th Street, 2722 NW 2nd Avenue in Wynwood, 70 NE 39th Street in the Design District, as well as 605 Lincoln Road. Last week, Thor announced a lease with See Saw Kitchen at Wynwood Walk, bringing the ground-up development to 75% leased.