Thor Completes Superhero Sale of Life Science Asset in NC’s Research Triangle

Thor Equities Group has sold The Labs at Research Triangle Park in NC for $80 million, after purchasing the property for $20 million in December 2020.

The Labs at Research Triangle Park is an assemblage of six buildings totaling 70,132 square feet situated on 72 acres in one of the leading research and development and science parks in North America. It is anchored between Raleigh and Durham and near North Carolina State, Duke University and the University of North Carolina.

In addition to the six buildings that comprise “The Labs,” there is a vacant land parcel of excess land and more than 1 million square feet of development potential.

“The sale of this best-in-class asset demonstrates the demand for high-quality space in top-performing markets,” said Jack Sitt, EVP of Thor Equities Group. “It was an opportune time to sell these six buildings and we look forward to identifying new opportunities in this region and beyond.”