{"id":1004298818,"date":"2019-02-14T07:22:27","date_gmt":"2019-02-14T15:22:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004298818"},"modified":"2019-02-14T07:22:27","modified_gmt":"2019-02-14T15:22:27","slug":"thor-equities-enters-austin-market-with-soco-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/thor-equities-enters-austin-market-with-soco-buy\/","title":{"rendered":"Thor Equities Enters Austin Market With SoCo Buy"},"content":{"rendered":"

Thor Equities Group has closed on the acquisition of its first property in Austin, Texas. The firm paid $16 million for the 10-building asset that occupies more than 4 acres at 1005 E Saint Elmo Road in the South Congress neighborhood.<\/p>\n

The 60,000-square-foot creative office campus was completed in 2017 and included 10,171 square feet of retail space located in a freestanding building. The office portion is fully occupied by a variety of tenants including Saatva, Skull Mechanix, Fuse Architecture and Ignite Fitnez. SoCo used to be a light-industrial area, yet the last several years have turned it into a vibrant submarket with breweries, coffee shops, restaurants, office space and housing units. <\/p>\n

\u201cWe are pleased to acquire our first asset in the South Congress area of Austin, which is continuing to attract creative tenants looking to grow in a thriving live-work-play environment,\u201d<\/em> Joseph Sitt, chairman of Thor Equities Group, said in prepared remarks.<\/p>\n

Austin is experiencing sustained growth, attracting technology companies including Facebook, Google and Apple. The Cupertino-headquartered firm recently announced plans for a new $1 billion office campus<\/a>.<\/p>\n

Images courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 60,000-square-foot creative office campus Thor Equities purchased was completed in 2017 and is fully occupied by a variety of tenants. <\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21783,21742,21747],"tags":[33752,32776],"class_list":["post-1004298818","post","type-post","status-publish","format-standard","hentry","category-austin","category-deals","category-investment","category-latest","category-office","tag-apple","tag-thor-equities"],"acf":[],"yoast_head":"\nThor Equities Enters Austin Market With SoCo Buy - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/thor-equities-enters-austin-market-with-soco-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thor Equities Enters Austin Market With SoCo Buy\" \/>\n<meta property=\"og:description\" content=\"The 60,000-square-foot creative office campus Thor Equities purchased was completed in 2017 and is fully occupied by a variety of tenants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/thor-equities-enters-austin-market-with-soco-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-14T15:22:27+00:00\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-enters-austin-market-with-soco-buy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-enters-austin-market-with-soco-buy\/\",\"name\":\"Thor Equities Enters Austin Market With SoCo Buy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"datePublished\":\"2019-02-14T15:22:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-enters-austin-market-with-soco-buy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/thor-equities-enters-austin-market-with-soco-buy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-enters-austin-market-with-soco-buy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Thor Equities Enters Austin Market With SoCo Buy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. 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