Thor Equities Group has acquired 4411 Bibb Blvd., an industrial asset in Adairsville, Ga., northeast of Atlanta. The seller was not disclosed; however, the sales price was $10 million.
Located in the Stone Mountain-Tucker submarket of Atlanta, near the I-287 loop and Northeast of U.S. 78, Thor’s new property consists of nearly 120,000 square feet. Fully occupied by MRC Global, a leading global distributor of pipe, valve and fitting products and services to the energy and industrial markets, the property is situated on more than 7.7 acres.
“The asset on Bibb Boulevard marks the second acquisition in Atlanta in recent weeks, demonstrating our confidence both in the market and industrial sector. We look forward to further expanding our portfolio and identifying opportunities in strong locations with the opportunity to benefit from the growing demand for ecommerce,” said Joe Sitt, chairman of Thor Equities Group.
