Picture by Michael Gaida by way of Pixabay.com
Thor Equities Group has bought a 40-acre web site in Adairsville, Ga., for the event of a 450,000-square-foot, Class A industrial facility. The undertaking will probably be situated close to the corporate’s Gordon Logistics Middle, a greater than 1 million-square-foot manufacturing and logistics campus.
The deal marks the corporate’s fifth acquisition specializing in industrial funding previously few months and its fourth buy within the state. Thor’s latest industrial enlargement included offers in Los Angeles, Savannah, Ga., Northern New Jersey and Tampa, Fla.
Thor entered Georgia in 2021, with the $10.8 million acquisition of 2050 Chamblee Tucker Street, a 48,185-square-foot property in Atlanta, CommercialEdge information reveals. In June, the corporate picked up an 11-asset industrial portfolio in Savannah, totaling 524,500 sq. ft.
Situated at 2334 Trimble Hole Street, on the intersection of Trimble Hole Street SE and Freeway 41, the brand new web site is 45 miles from Marietta, Ga., 58 miles from Chattanooga, Tenn., and inside 62 miles of downtown Atlanta. Located on the Interstate 75 hall, the property has entry to the brand new inland terminal of Chatsworth, Ga., connecting it to the Port of Savannah.
Different corporations are additionally actively investing within the Georgia industrial market. In July, Lincoln Property Co. acquired a 65-acre lot in Kennesaw and Calhoun, the place it plans to construct two industrial amenities totaling greater than 800,000 sq. ft. In Could, Hines began building on its 445,000-square-foot industrial undertaking in Flowery Department. The primary part of the event consists of a three-building industrial campus.
