The Real Deal Miami

More for Thor: Investor adds to Design District portfolio

New York company pays $15M for two office buildings in growing Miami neighborhood
By Eric Kalis | October 21, 2014 12:00PM

Lyle Chariff and Mauricio Zapata

Lyle Chariff and Mauricio Zapata

Thor Equities just picked up another two properties in Miami’s Design District for $15 million, The Real Deal has learned.

The New York investor added to its growing portfolio in the area in a transaction recorded on Monday, according to Miami-Dade County records. Thor did not obtain financing for the purchase of the 75 and 81 Northeast 39th Street properties. Two small office buildings are located on the parcels.

Ronald and Margie Alter are the sellers. Ronald Alter operates his law office out of the 81 Northeast 39th Street building.

Thor has aggressively assembled Design District property throughout 2014. In May, the company paid $45.4 million for Sam Herzberg’s portfolio in the district. Thor is promoting the eventual redevelopment of its holdings into “the most enviable luxury mixed-use property in the Design District.”

Chariff Realty Group’s Lyle Chariff and Mauricio Zapata represented both sides of the transaction.