Thor Equities Plans Industrial Development in New Jersey

Global developer Thor Equities Group has acquired a property in the fast-growing Northern New Jersey submarket, the developer’s second acquisition in New Jersey within a month. 

14 – 22 River Rd is situated on more than 10 acres that Thor plans on developing into a Class-A, 150,000 square foot industrial facility that will be situated 20 minutes from Manhattan.

“Thor’s latest acquisition reflects our ability to identify strategically located assets in supply constrained markets,” said Chairman of Thor Equities Group, Joseph Sitt. 

Thor has been increasingly active in the industrial sector and announced the acquisition and development plans of an industrial site outside of Chicago just last week. In late 2021, Thor broke into Georgia’s industrial market with the acquisition of an asset in Atlanta with plans to develop a +1M square foot state-of-the-art warehouse in nearby Adairsville. 

Thor’s logistics portfolio includes high-quality assets and development sites in hubs including New York, Dallas, Philadelphia, Los Angeles, Madrid, Barcelona, Paris, and more.