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Thor Equities Group acquires properties in South Chicago submarket
Thor Equities Group has purchased two industrial assets totaling 13.3 acres in the South Chicago submarket. This project represents the 19th industrial acquisition for Thor in the past year. The financial terms were not disclosed.
Located alongside Chicago’s Interstate 55, one of Chicago’s primary east/west expressways and under 20 minutes from the center of Chicago, 2750 W. 35th Street and 2940 W. 36th Street offer logistics tenants two attractive leasing opportunities. The former site is an outdoor storage yard, while the latter is a 33,000-square-foot cross-dock truck terminal that Thor plans to renovate.
“This latest acquisition reflects our confidence in the logistics sector and our commitment to identifying well-located assets in key cities globally. The Chicago industrial market has performed well, and we are eager to diversify our holdings in North America,” said Joe Sitt, chairman of Thor Equities Group.