Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Florida & Gulf Coast  + Central Florida  + Industrial  | 
Thor Equities Group purchased a 13-property industrial portfolio in Tampa, FL from RS Tampa International for $37 million.

Thor Equities Group Acquires $37M, 13-Property Industrial Portfolio in Tampa

Thor Equities Group has completed the $37-million acquisition of a 13-property, 402,000-square-foot industrial portfolio in Tampa, FL from RS Tampa International. The buildings range in size from 5,500 to 78,700 square feet.

Pat Kelly and Brad Hutton of Franklin Street brokered the transaction on behalf of the buyer.

“Tampa is a rapidly growing market that has quickly established itself as a leading industrial hub in the Southeast,” said Joe Sitt, chairman of Thor Equities Group. “As the migration to FL surges, this acquisition is fitting with our strategy to invest in well-located assets with accessibility to growing populations.”

The portfolio is comprised of warehouses and distribution facilities throughout Tampa’s Westshore/Airport and Eastside submarkets and provides access to 20 million consumers in a 200-mile radius. The portfolio was 98% leased at the time of sale to tenants such as Thermotech Enterprises and Superior Pool Products.

Connect

Inside The Story

Thor Equities Group's Sitt

About Lisa McDuffie

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.

  • ◦Sale/Acquisition
NAIOP-11-cube
Money360-25-cube