Thor Equities Bulks Up with $49M, 525K-SF Industrial Portfolio in Savannah
Thor Equities Group has acquired an eleven-asset industrial portfolio in Savannah, GA for $48.5 million. The portfolio is nearly 100% leased to tenants such as S&M Transportation, Transrepublica, Pactra Logistics, CRS Inc. and Thunder Logistics.
“This latest investment represents our drive to expand our industrial footprint in the US, and our strategy to acquire and develop high-quality properties in top-tier infill locations,” said Joseph Sitt, chairman of Thor Equities Group. “Savannah has become the dominant port for the southeastern US, and so this is a key addition to our platform.”
Situated on approximately 27-acres within the SPA Industrial Park, the portfolio totals 524,500 square feet and is located five minutes from the nearest I-95 interchange. The assets are also located less than 15 minutes from the Port of Savannah and a 10-minute drive from the Savannah/Hilton Head International Airport. Thor acquired property in Adairsville, GA in late 2021 and plans to develop a one-million-square foot warehouse.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.