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Thor Equities

25 West 39th Street #11
New York, NY 10018
(212) 529-5055
Website
Thor-Equities
Thor Equities
Thor Equities is a privately-held real estate firm founded in 1986 by Brooklyn native Joseph Sitt. It invests in assets in the United States, Europe, and Latin America with a focus on retail in major cities. It is known in New York City for its ownership and redevelopment of scores of retail properties in major shopping districts and corridors such as Soho, Madison Avenue, and Fifth Avenue. The firm has a retail brokerage arm called Thor Retail Advisors. Thor Equities, which buys properties using several large investment funds, focuses on development and redevelopment of retail properties, to either lease up or sell. Major projects include the ground up construction and leasing to Samsung of 837 Washington Street in the Meatpacking District, in a partnership with Taconic Investment Partners, as well as the 2010 purchase of the retail and office building at 693 Fifth Avenue. –AP
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Untitled-1
07/19/16
In a move that’s sure to fuel speculation about Extell Development’s Diamond District plans, the city greenlit master assembler Gary Barnett’s plans to raze 10 West 47th...

Untitled-6
07/14/16
It appears that Joseph Sitt couldn’t wriggle his way out of a deal to buy an apartment at 432 Park Avenue. Tags: 432 Park, 432...

270-Richards-Street feature
07/11/16
Most of the city’s large-scale real estate developments formally proposed in June were massive office projects, the biggest being Tishman Speyer’s nearly 1 million-square-foot project...

featured-Helmsley-Carlton-House-retail
07/07/16
...Thor Equities is still looking for a tenant for its retail space...

Untitled-2
07/06/16
...Sitt and 127-137 East 125th Street in Harlem Joseph Sitt's Thor Equities secured $45 million in financing from Deutsche Bank for its recent...

Joe Sitt and Andrew H
07/05/16
Town Residential founder Andrew Heiberger says partner Joseph Sitt has lobbed a series of “unreasonable” demands amid eleventh-hour negotiations for Sitt’s ownership stake, leaving the...

Dolce-Gabbana-Sohofbox
06/24/16
...out $27 million for a Soho retail building, Joseph Sitt’s Thor Equities is selling 155 Mercer Street for $90 million. (more&hellip...

Untitled-5
06/23/16
Joseph Sitt’s big play on Madison Avenue hasn’t gone according to plan. Tags: 680 madison avenue, Gold Coast, thor equities ...

Untitled-2
06/22/16
...myself are in late-stage negotiations whereby I will be buying Thor Equities...

Untitled-18
06/22/16
Wendy Maitland is looking to get out of the noncompete clause in her contract with Town Residential by accusing the firm of cooking the books....

Untitled-8
06/21/16
...From left: Joseph Sitt, Harry Macklowe and 432 Park Avenue Thor Equities...

Untitled-2
06/16/16
...Lacharrière lined up $250 million to finance his acquisition of Thor Equities’ 693 Fifth Avenue in Midtown.Debt financing on the $525 million deal...

Untitled-2
06/16/16
If you haven’t heard by now, New York’s developers have discovered Israel as a sort of financing promise-land where they can raise money on the...

fet
06/16/16
Luxottica U.S. Holding Corp., the U.S. subsidiary of the Italian conglomerate that owns eyewear brands such as Sunglass Hut, Ray-Ban, Oakley and Lenscrafters, has snagged...

693fifth
06/10/16
...de Lacharrière has closed on the $525 million purchase of Thor Equities’ office-and-retail building at 693 Fifth Avenue in Midtown. (more&hellip...

Dolce-Vita-43-MercerFbox
06/09/16
Dolce Vita, the fashion-footwear brand owned by shoe shah Steve Madden, is moving into a 10,000-square-foot shop and office headquarters on Mercer Street. Tags: soho,...

Red Hook complex rendering
06/03/16
...From Thor Equities...

06/02/16
...Current reader favorites: 1. Thor Equities quietly marketing chunk of NYC commercial portfolio 2. Harry Macklowe splits...

Thor Red Hook ft
06/01/16
...Rendering of Thor Equities...

Joseph Jeff Sutton
06/01/16
The apple doesn’t fall far from the tree, although sometimes not exactly under it. ...

joe sitt fb final
05/31/16
...Sitt wants to strike while the iron is still hot. Thor Equities, Sitt's development and investment firm, is looking to sell off...

HeibergerMaitFbox
05/31/16
Town Residential founder and CEO Andrew Heiberger called the situation which led to a lawsuit against the brokerage by former president of sales Wendy Maitland “very unnecessary...

Joe Sitt thumb
05/31/16
...Bedford Avenue in Williamsburg (inset: Joe Sitt) Thor Equities looks set to finally close on its year-old $36 million purchase...

joewendyfeature
05/25/16
Wendy Maitland, who The Real Deal reported earlier today is leaving Town Residential, is suing the brokerage, accusing co-owner Joseph Sitt of starving the company...

685 Fifth Avenue
05/23/16
...to convert the office component of General Growth Properties and Thor Equities’ 685 Fifth Avenue into a luxury hotel, sources told The Real...
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Thor Equities, Head, Capital Markets
25 West 39th Street, New York, NY
Larissa Belova is the head of capital markets at Thor Equities, a privately...
Thor Equities, Vice President
25 West 39th Street, New York, NY, 212-529-7424
Alexandra Frangos is the vice president of retail leasing at Thor Equities, a...
Thor Equities, Executive Vice President
25 West 39th Street, New York, NY, 212-529-5055
Melissa Gliatta is an executive vice president at Thor Equities, a privately held...
Thor Equities, Executive Vice President
25 West 39th Street, New York, NY
Alan Klein is an executive vice president at Thor Equities and co-head of...
Thor Equities, Executive Vice President
25 West 39th Street, New York, NY
Jonathan Scheinberg is an executive vice president at Thor Equities, a privately held...
Thor Equities, Managing Director
25 West 39th Street, New York, NY, 212-529-5544
Cory Elbaum is a managing director and co-chair of acquisitions at Thor Equities,...
Thor Equities, Director of Acquisitions
25 West 39th Street, New York, NY, 212 529 5055
Scott Sherman is the director of acquisitions at Thor Equities, a privately held...
Thor Equities, CEO
25 West 39th Street, New York, NY, 212 529 5055
Joseph Sitt is the CEO of Thor Equities, the privately held development and...
Thor Equities, Executive Vice President
25 West 39th Street, New York, NY, 212 529 5055
Jonathan Fishman is an executive vice president at Thor Equities and co-head of...
  • Event Sales
  • Address 17 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 9,000
  • Price $ 30,000,000
notes
The five story property sold for $30 million.
  • Event Retail Leasing
  • Address 875 Washington Street
  • Neighborhood Meatpacking District
  • Borough Manhattan
  • Square feet 4,850
  • Price per foot $ 600.00
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 Thor Equities
  • Party 1 Brokerage ASB Real Estate Investments
  • Party 1 Broker Thor Equities
  • Party 2 Lumas
  • Party 2 Brokerage Lansco Corporation
  • Party 2 Broker Lisa Rosenthal, Robin Abrams, Rebecca Olshan
notes
The photo gallery signed a lease.
  • Event Retail Leasing
  • Address 50 Bond Street
  • Neighborhood Noho
  • Borough Manhattan
  • Square feet 6,400
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 Thor Equities
  • Party 1 Brokerage Thor Equities
  • Party 2 Lululemon Athletica
  • Party 2 Brokerage RKF
  • Party 2 Broker Jeremy Ezra, Karen Bellantoni
notes
The athletic clothing company signed a lease.
  • Event Retail Leasing
  • Address 446 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 4,400
notes
The filmmaker and artist signed a lease for his gallery.
  • Event Retail Leasing
  • Address 693 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 5,300
  • Publication Date 09/01/2015
  • Event Date 07/23/2015
  • Party 1 Thor Equities
  • Party 1 Brokerage Thor Equities
  • Party 1 Broker Adam Rappaport
  • Party 2 Carpenters Workshop Gallery
  • Party 2 Brokerage Redwood Property Group
  • Party 2 Broker Jonathan Travis
notes
The London-based art gallery signed a 15-year lease.
  • Event Retail Leasing
  • Address 955 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 1,050
  • Publication Date 09/01/2015
  • Event Date 07/23/2015
  • Party 1 Brokerage RKF
  • Party 1 Broker Karen Bellantoni, Beth Rosen
  • Party 2 Aurelie Bidermann
  • Party 2 Brokerage Eastern Consolidated
  • Party 2 Broker Thor Equities
notes
The tenant signed a lease.
  • Event Retail leasing
  • Address 1006 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 5,250
  • Publication Date 08/01/2015
  • Event Date 06/22/2015
  • Party 1 Thor Equities
  • Party 2 Roland Mouret
notes
The UK-based women's fashion brand signed a lease for the entire Madison Avenue townhouse.
  • Event Sales
  • Address 734 Broadway
  • Neighborhood Noho
  • Borough Manhattan
  • Square feet 12,500
  • Price $ 17,000,000
notes
The property sold for $17 million. Additional information: 5 stories, 12,500 sf
  • Event Retail leasing
  • Address 328 Bowery
  • Neighborhood Noho
  • Borough Manhattan
  • Square feet 4,114
  • Publication Date 07/01/2015
  • Event Date 05/22/2015
  • Party 1 RWN Real Estate Partners
  • Party 1 Brokerage RKF
  • Party 1 Broker Ariel Schuster, Brian Segall, Taryn Talmadge
  • Party 2 Kenneth Cole
  • Party 2 Brokerage Thor Equities
  • Party 2 Broker Matthew Siegel, Skye Taylor
notes
The footwear company signed a lease to open a new store.
  • Event Retail leasing
  • Address 279 McKibbin Street
  • Neighborhood East Williamsburg
  • Borough Brooklyn
  • Square feet 15,830
  • Publication Date 07/01/2015
  • Event Date 05/22/2015
  • Party 1 McKibbin Holdings
  • Party 1 Brokerage Ripco Real Estate
  • Party 1 Broker Andrew Clemens, Benjamin Weiner
  • Party 2 Blue Bottle Coffee
  • Party 2 Brokerage Thor Equities
  • Party 2 Broker Matt Seigel, Ben Soley
notes
Blue Bottle Coffee leased the formerly vacant industrial warehouse.
  • Event Sales
  • Building Name 41-43 Greene Street
  • Address 41 Greene Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 3,750
  • Price $ 10,500,000
notes
The retail space sold for $10.5 million.
  • Event Office Leasing
  • Building Name Charles Scribner's Sons Building
  • Address 597 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 6,364
  • Price per foot $ 62.00
  • Publication Date 04/09/2015
  • Event Date 02/28/2015
  • Party 1 Thor Equities
  • Party 1 Brokerage Colliers International
  • Party 1 Broker Christel Engel
  • Party 2 GCT Constructors
  • Party 2 Brokerage Spiegel Real Estate
  • Party 2 Broker Ted Spiegel
notes
The company signed a lease for the entire fourth floor.
  • Event Office Leasing
  • Building Name Charles Scribner's Sons Building
  • Address 597 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 6,364
  • Price per foot $ 62.00
notes
The company signed a lease for the entire ninth floor.
  • Event Sales
  • Address 463 86th Street
  • Neighborhood Bay Ridge
  • Borough Brooklyn
  • Square feet 4,475
  • Price $ 5,700,000
notes
The retail building sold for $5.7 million.
  • Event Sales
  • Address 98 Morningside Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 65,800
  • Price $ 21,600,000
  • Price per foot $ 328.00
notes
The firm purchased the 48-unit, seven-story rental building.
  • Event Financing
  • Address 212 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 220,000
  • Publication Date 03/01/2015
  • Event Date 01/20/2015
  • Party 1 Madison Equities, Building and Land Technology, Thor Equities, Dustin Stolly, JLL
  • Party 1 Brokerage iStar Financial
notes
A $275 million construction loan was arranged for the office building. 24-story
  • Event Sales
  • Building Name 1114-1120 Madison Avenue
  • Address 1114 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 9,240
  • Price $ 42,300,000
  • Publication Date 02/01/2015
  • Event Date 12/23/2014
  • Party 2 Thor Equities
notes
The mixed-use building sold for $42.3 million.
  • Event Office Leasing
  • Address 837 Washington Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 55,000
notes
The electronics giant signed a lease for the entire building. The space will serve as a marketing and customer service center.
  • Event Retail Leasing
  • Address 412 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 15,000
  • Publication Date 07/01/2014
  • Event Date 05/22/2014
  • Party 1 Thor Equities
  • Party 1 Brokerage In-house
  • Party 2 Lexus
  • Party 2 Brokerage CBRE
  • Party 2 Broker David LaPierre, Stephen Sjurset, Sean Moran, Cassie Durand
notes
The luxury car seller signed a lease for a new lifestyle concept store.
  • Event Retail Leasing
  • Address 115 Mercer Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 4,700
notes
The tenant signed a lease.
  • Event Sales
  • Building Name 36-38 Park Row
  • Address 38 Park Row
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 12,918
  • Price $ 11,080,000
  • Publication Date 05/01/2014
  • Event Date 03/22/2014
  • Party 1 Time Equities
  • Party 1 Brokerage In-house
  • Party 2 Thor Equities
  • Party 2 Brokerage Hakim Organization
  • Party 2 Broker Ivan Hakimian
notes
The retail co-op sold for $11.08 million.
  • Event Sales
  • Building Name 36-38 Park Row
  • Address 38 Park Row
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 12,918
  • Price $ 11,080,000
  • Publication Date 05/01/2014
  • Event Date 03/22/2014
  • Party 1 Time Equities
  • Party 1 Brokerage In-house
  • Party 2 Thor Equities
  • Party 2 Brokerage Hakim Organization
  • Party 2 Broker Ivan Hakimian
notes
The retail co-op sold for $11.08 million.
  • Event Retail Leasing
  • Address 433 West Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 4,500
  • Publication Date 03/01/2014
  • Event Date 01/20/2014
  • Party 1 Jordan Wooster Street Associates
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Christopher Owles, Sarah Shannon
  • Party 2 Birchbox
  • Party 2 Brokerage Thor Equities
  • Party 2 Broker Melissa Siegel, Skye Taylor
notes
The personal shopping retailer signed a lease for 2,200 square feet on the ground floor and 2,300 square feet on the selling lower level. The reported asking rent was $262 per square foot.
  • Event Retail Leasing
  • Address 265 Lafayette Street
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 750
  • Publication Date 03/01/2014
  • Event Date 01/20/2014
  • Party 1 Brokerage SCG Retail
  • Party 1 Broker Brad Cohen, David Firestein
  • Party 2 Aurélie Bidermann
  • Party 2 Brokerage Thor Equities
  • Party 2 Broker Kyle Allen, Dan Harroch
notes
The jewelry designer signed a long-term lease.
  • Event Sales
  • Address 725 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 7,000
  • Price $ 12,000,000
  • Publication Date 12/01/2013
  • Event Date 10/22/2013
  • Party 1 725 Eighth Avenue Realty
  • Party 1 Brokerage Square Foot Realty
  • Party 1 Broker Aaron Gavios
  • Party 2 Thor Equities
notes
The property sold for about $12 million.
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