Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the sale of 3601 N. McDonald Street, a 129,914 square foot warehouse in McKinney, Texas.
Thor acquired 3601 N. McDonald Street in August of 2021 together with adjacent 350 Cypress Hill Drive for $35.7M. The former asset in McKinney, Texas offers direct access to State Route-75, allowing connectivity to the greater Dallas Fort Worth area. Totaling 129,914 square feet that can be demised into four evenly divided suites, the property features desirable Class A amenities and 15 bays. The latter property remains in Thor’s portfolio and features 301,796 square feet of desirable Class A amenities and building designs and 24 bays. The building also offers rear loading, ESFR sprinklers and a 130-foot concrete truck apron.
“The demand for modern industrial assets coupled with Dallas’ strong market conditions, made it an opportune time to sell 3601 N. McDonald Street. We look forward to identifying more opportunities in the US and abroad to expand our logistics portfolio,” said Chairman of Thor Equities Group, Joe Sitt.
Thor recently announced the acquisition of an industrial asset in Atlanta and plans to develop a +1M square foot state-of-the-art warehouse in Adairsville, Georgia. Within the last few months Thor has also added properties in hubs including Chicago, Philadelphia, and Los Angeles to their growing logistics portfolio. In addition, Thor notably leased a ground-up development 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 in early 2021.
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 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.