Thor Equities Expands Georgia Industrial Footprint

Image by Michael Gaida via Pixabay.com

Thor Equities Group has purchased a 40-acre site in Adairsville, Ga., for the development of a 450,000-square-foot, Class A industrial facility. The project will be located near the company’s Gordon Logistics Center, a more than 1 million-square-foot manufacturing and logistics campus.

The deal marks the company’s fifth acquisition focusing on industrial investment in the past few months and its fourth purchase in the state. Thor’s recent industrial expansion included deals 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 Road, a 48,185-square-foot property in Atlanta, CommercialEdge data shows. In June, the company picked up an 11-asset industrial portfolio in Savannah, totaling 524,500 square feet.

Located at 2334 Trimble Hollow Road, at the intersection of Trimble Hollow Road SE and Highway 41, the new site is 45 miles from Marietta, Ga., 58 miles from Chattanooga, Tenn., and within 62 miles of downtown Atlanta. Situated on the Interstate 75 corridor, the property has access to the new inland terminal of Chatsworth, Ga., connecting it to the Port of Savannah.

Other companies are also actively investing in the Georgia industrial market. In July, Lincoln Property Co. acquired a 65-acre lot in Kennesaw and Calhoun, where it plans to build two industrial facilities totaling more than 800,000 square feet. In May, Hines started construction on its 445,000-square-foot industrial project in Flowery Branch. The first phase of the development consists of a three-building industrial campus.