Thor Equities Strengthens Portfolio with High-Power Acquisition
In a significant expansion of its data center sector portfolio, Thor Equities Group, a distinguished name in real estate development, leasing, and management, has proudly announced its acquisition of a 270-acre site in LaGrange, Georgia. This acquisition marks a notable step for Thor Equities, highlighting its strategic focus on the burgeoning demand for data centers influenced by modern technological advances such as AI technologies and cloud computing.
The newly acquired property is not just any plot of land; it features a 506,220 square foot facility equipped with a dedicated substation capable of 100 MVA transformation. With 50 MW of in-place power output and essential utilities including transformers, water, sewer, and natural gas infrastructure, the site is ready for immediate development. These features position the property as a standout asset within the Greater Atlanta Metro area, primed for constructing a state-of-the-art data campus.
LaGrange is recognized for creating an investment-friendly environment, further boosting the prospects for this ambitious project. Joe Sitt, Chairman of Thor Equities Group, expressed his enthusiasm about the venture, highlighting Georgia’s market desirability and the property’s utility capacity and infrastructure as key advantages. “This property offers an opportunity to leverage cutting-edge technology and infrastructure to build a data center that will drive innovation in the sector and region,” added EVP CIO of Thor North America, Jack J. Sitt.
Thor Equities’ commitment to the data center industry is embodied in its dedicated platform, Form8tion. Led by a team of experts with years of experience from leading companies, including Google and Ark Data Centers, Form8tion aims to address today’s hyperscale demand with products ranging from powered land to turnkey data centers. Thor’s entry into the data center market began with its initial investment in Spain, constructing ‘Madrid One,’ a campus designed to support a total IT load of over 100MW.
Beyond data centers, Thor Equities has been active in acquiring industrial facilities across the United States and Mexico, including two industrial facilities in New Jersey, a fully leased facility in Laredo, Texas, and a portfolio of assets in Mexico’s Saltillo and Ramos Arizpe markets. These acquisitions reflect Thor Equities’ broad industrial strategy and its capacity to adapt and evolve with global investment trends and opportunities.
With a global operation spanning major cities across three continents, Thor Equities boasts a property portfolio valued at $20 billion, including a development pipeline exceeding 50 million square feet. The company’s strategic investments span industrial, laboratory, residential, office, hotel, and mixed-use assets in premier locations worldwide. Thor Equities’ prowess in realizing a property’s potential while maintaining a competitive market presence underscores its role as a leading entity in real estate development.
As Thor Equities continues to expand its footprint in both the United States and international markets such as Europe and Latin America, the company remains a titan in the real estate sector, driven by innovation, strategic investment, and a keen eye for emerging market trends.
