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Thor Equities Group Sells Building A at Logistics Center in McKinney
Thor Equities Group recently sold half of an industrial asset in McKinney, just months after purchasing it in a joint venture with Morgan Stanley. Under the terms of the deal, Thor Equities sold Building A at Logistics Center at McKinney to AC Industrial LLC, a real estate investment company.
The 129,914-square-foot rear-load spec building sits on 65 acres at 3601 N. McDonald St. in McKinney. Stream Realty Partners represented the joint venture in the sale of the building.
“The demand for modern industrial assets, coupled with Dallas’ strong market conditions, made it an opportune time to sell 3601 N. McDonald Street,” said Joe Sitt, chairman of Thor Equities Group. “We look forward to identifying more opportunities in the U.S. and abroad to expand our logistics portfolio.”
Thor Equities is open to selling or leasing Building B, which can accommodate one tenant or be subdivided for multiple uses.
- ◦Sale/Acquisition
