Thor Equities

Thor Equities Group Brings Rail Access to Newly Renovated Industrial Asset in NJ

Retrieved on: 
Wednesday, April 3, 2024
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F&T Trucking Co., a trucking and shipping provider based in New Jersey, will occupy 41,000 square feet at Thor’s recently renovated property, and benefit from vitally important rail access.

Key Points: 
  • F&T Trucking Co., a trucking and shipping provider based in New Jersey, will occupy 41,000 square feet at Thor’s recently renovated property, and benefit from vitally important rail access.
  • Properties with rail access are invaluable in today’s market as they allow users to ship goods more cost effectively, and rail transport can accommodate greater quantities compared to trucks.
  • “Situated in one of the strongest industrial markets in the country, 14-22 River Road offers an ideal location and rail access that offers users a consistent, efficient, and cost-saving mode of transport,” said Chairman and CEO of Thor Equities Group, Joe Sitt.
  • Thor also completed a series of construction milestones across its industrial portfolio and signed a collection of notable leases in the US in the last few months.

Thor Equities Group Chairman Joe Sitt on CNBC: “The Demand for Data Centers is Voracious”

Retrieved on: 
Wednesday, February 28, 2024
Thor Equities, Intelligence, Investment, Tenant, Sitt, Thor, Cryptocurrency

On Squawk on the Street, Joe Sitt shared his views on the rapid advancing of artificial intelligence that is driving the demand for data center storage.

Key Points: 
  • On Squawk on the Street, Joe Sitt shared his views on the rapid advancing of artificial intelligence that is driving the demand for data center storage.
  • To illustrate his point, Mr. Sitt referenced Thor Equities’ new development in Spain, which had an original budget of 400M Euros but quickly escalated to 2.6B Euros due to demand from a potential tenant.
  • Once office properties became stressed, Thor was able to free capital which allowed the company to chase industrial real estate and data centers, Thor’s largest convictions currently.
  • He concluded there may be light at the end of the tunnel and “offices could regenerate to its highest and best use, which may be data centers”.

Global Hyperscale Data Center Market Outlook & Forecasts 2023-2028: Growing Procurement of Artificial Intelligence, Big Data and IoT Solutions Presents Burgeoning Opportunities - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 5, 2024
Technology, Networks, Data Management, Artificial intelligence, Investment, T-Mobile, Growth, UPS, Automation, Social media, MIA, Renewable energy, National university, Carrier, Big data, Cloud computing, Machine learning, Microsoft, AWS, EIA, YTL, PPA, CRAC, HVO, Internet, Thor Equities, AI, Internet of things, Equinix, Deep learning

The "Global Hyperscale Data Center Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Hyperscale Data Center Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • Globally, major hyperscale data center market companies are prioritizing using renewable energy as their primary power source.
  • Most operators in the global hyperscale data center market primarily employ free cooling solutions, and there is also a growing trend in data centers toward adopting waterless cooling systems that use free cooling chillers and indoor CRAC units.
  • In response to a growing trend, companies that provide data center infrastructure services are increasingly adopting environmentally friendly and efficient solutions.

Thor Equities Group Reaches Construction Milestones Across Industrial Portfolio

Retrieved on: 
Thursday, January 25, 2024
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Nearby in Passaic, Thor Equities is planning to kickoff construction at 153 Linden Street to improve both the existing site and buildings to transform the facility for modern-day industry.

Key Points: 
  • Nearby in Passaic, Thor Equities is planning to kickoff construction at 153 Linden Street to improve both the existing site and buildings to transform the facility for modern-day industry.
  • Thor Equities has been active in the high-performing Northeast industrial market for years and owns additional properties in Newark, Brooklyn, and Deer Park, Long Island.
  • Outside of the Northeast, Thor owns industrial assets in California, Georgia, Texas, Pennsylvania, and Illinois in the US.
  • “Thor Equities is proud to reach these construction milestones and we look forward to keeping up the strong development momentum across our entire portfolio,” said COO of Thor Equities Group, Melissa Gliatta.

Thor Equities Group Strengthens Data Center Division with Appointment of New Executive Vice President

Retrieved on: 
Monday, December 11, 2023
Community development, Data center, Thor, Data, ECD, Growth, EVP, Thor Equities, Management

New York, NY, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in real estate development, leasing and management, is pleased to announce the appointment of new Executive Vice President and Head of Data Centers – Americas, Raj Vohra.

Key Points: 
  • New York, NY, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in real estate development, leasing and management, is pleased to announce the appointment of new Executive Vice President and Head of Data Centers – Americas, Raj Vohra.
  • Based in Thor’s California office, Mr. Vohra will play a vital role in Thor’s expansion in the Data Center sector.
  • After his time at Deloitte, Mr. Vohra went on to lead Data Center acquisitions across the Americas for Google and grew their Data Center portfolio by over 2 GW.
  • Thor Equities entered the data center sector in 2022 with its first investment in Spain.

Thor Equities Group Chairman, Joe Sitt, Makes Guest Appearance on Fox Business to Discuss Investing in the Commercial Real Estate Industry

Retrieved on: 
Thursday, October 5, 2023
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New York, NY, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Joe Sitt, Chairman of leading global real estate firm, Thor Equities Group, spoke with Fox Business’ Stuart Varney on October 5th to discuss the latest in commercial real estate, and which asset classes he considers to be most favorable in today’s market.

Key Points: 
  • New York, NY, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Joe Sitt, Chairman of leading global real estate firm, Thor Equities Group, spoke with Fox Business’ Stuart Varney on October 5th to discuss the latest in commercial real estate, and which asset classes he considers to be most favorable in today’s market.
  • On Varney & Co., Joe Sitt reiterated his conviction in industrial real estate, referring to the sector as a "bright spot" compared to the struggling office sector.
  • Thor Equities has been a major investor in Mexico for years and Thor has built a robust portfolio of assets throughout Latin America.
  • Furthermore, Sitt touched on Thor Equities’ assets in the data center class which are benefitting from AI and demand for speed.

THOR EQUITIES GROUP COMPLETES REHABILITATION AND TRANSFORMATION OF 6 RUE DE SÈVRES IN PARIS

Retrieved on: 
Thursday, July 6, 2023
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PARIS, France, July 06, 2023 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing and management, announced it has completed the rehabilitation and transformation of a former Société Générale branch into a new site for businesses at 6 Rue de Sèvres in Paris, France.

Key Points: 
  • PARIS, France, July 06, 2023 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing and management, announced it has completed the rehabilitation and transformation of a former Société Générale branch into a new site for businesses at 6 Rue de Sèvres in Paris, France.
  • FRESH architecture and Dumez Company have completed the rehabilitation on the 1,200 square meter stand-alone historical building.
  • “I am thrilled that the rehabilitation and modernization of 6 Rue de Sèvres in Paris is now complete and would like to thank FRESH and the Dumez Company for their dedication to this project,” said Chairman of Thor Equities Group Joe Sitt.
  • Popular luxury retailers Hermes, Le Bon Marche, Berluti, Omega, Prada, Celine and Saint Laurent are all located near 6 Rue de Sèvres.

Thor Equities Group Chairman, Joe Sitt, Makes Guest Appearance on Bloomberg Markets to Discuss Current Real Estate Trends and Shares Insights on Investment Strategies During a War Economy

Retrieved on: 
Friday, March 24, 2023
Bloomberg Markets, Pressure, Bloomberg Television, United States federal government credit-rating downgrades, Carbon, Thor Equities, Federation, SVB, Investment, Sitt, VC, Signature Bank, Courage, Security (finance), Swedish Transport Administration electric road program

However, Sitt said he continues to “chase the positives” and sees strength in co-working with strong occupancy rates across the nation.

Key Points: 
  • However, Sitt said he continues to “chase the positives” and sees strength in co-working with strong occupancy rates across the nation.
  • He also cited high occupancy rates in offices across Europe after a recent visit, representing economic recovery.
  • As a political investor, Mr. Sitt believes America is in a “war economy” which involves playing by a different set of rules.
  • On the other side, in terms of physical real estate where the opportunities will be, are in cash.

Thor Equities Group Signs Lease with Under Armour at 139 Fifth Avenue in New York City

Retrieved on: 
Wednesday, January 11, 2023
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New York, NY, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing, and management, today announced it has signed a lease with leading American sports equipment and apparel retailer, Under Armour, at 139 Fifth Avenue.

Key Points: 
  • New York, NY, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing, and management, today announced it has signed a lease with leading American sports equipment and apparel retailer, Under Armour, at 139 Fifth Avenue.
  • At 139 Fifth Avenue in the Flatiron District, Under Armour will occupy a total of 6,750 square feet across the ground floor and lower level and benefit from 30 feet of frontage on Fifth Avenue.
  • “We are pleased Under Armour has selected 139 Fifth Avenue for their latest location.
  • Thor Equities has been actively building its logistics platform with notable acquisitions in California and Georgia in the past two months.

Thor Equities Group Signs Lease with Banana Republic at 152 Geary Street in San Francisco

Retrieved on: 
Wednesday, December 21, 2022
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Founded in San Francisco in 1978, Banana Republic was acquired by international corporation Gap Inc. in 1983 and is known for its classic and sophisticated style of apparel and accessories.

Key Points: 
  • Founded in San Francisco in 1978, Banana Republic was acquired by international corporation Gap Inc. in 1983 and is known for its classic and sophisticated style of apparel and accessories.
  • With locations across North America, the brand uses the finest materials for its modern pieces and has been devoted to sustainability and bettering communities worldwide.
  • “We are pleased to welcome Banana Republic to 152 Geary Street.
  • Thor Equities has been focused on building a diverse portfolio across all sectors with recent acquisitions of premier industrial assets worldwide.