Thor Equities Group completes sale of prime logistics asset in Chicago
Thor Equities Group has sold North I-55, a portfolio comprising two industrial facilities: a 33,000-square-foot truck terminal and an 8.5-acre container storage yard in the South Chicago submarket. Thor sold the asset for $20.2 million after acquiring it for $11.25 million in 2021.
Ideally located five miles from downtown Chicago, Thor acquired, refurbished and fully leased the asset to Torpedo Expedited in less than a year of ownership. Alongside Chicago’s I-55, one of the city’s primary east/west expressways, and less than 20 minutes from the center of Chicago, the property offers users immediate access to the primary corridor that serves the central United States.
“The sale of North I-55 proves the demand for well-located logistics assets is at an all-time high, and we are pleased to close on this successful transaction. Our conviction in the logistics sector remains strong, and we have been diligently enhancing our current assets and adding to our global logi