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Thor Equities

25 West 39th Street #11
New York, NY 10018
(212) 529-5055
Website

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.

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, (212) 529-5055
Melissa Gliatta is an executive vice president at Thor Equities, a privately held...
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, 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, 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, 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, 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, CEO
25 West 39th Street, New York, NY, 212 529 5055
Joseph Sitt is the CEO of Thor Equities, the privately held development and...
  • Event Sales
  • Address 1725 Shore Parkway
  • Neighborhood Gravesend
  • Borough Brooklyn
  • Square feet 136,000
  • Price $ 75,000,000
  • Publication Date 10/04/2019
  • Event Date 10/01/2019
  • Party 1 Thor Equities
  • Party 2 Algin Management
notes
The buyer purchased the Gravesend property for $75 million.
  • Event Retail Leasing
  • Address 527 Atlantic Avenue
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Square feet 2,000
  • Price per foot $ 130.00
  • Publication Date 08/09/2019
  • Event Date 08/07/2019
  • Party 1 Thor Equities
  • Party 2 The Finery
notes
The tattoo removal studio inked a 10-year lease for the Boerum Hill building at $130 per square foot.
  • Event Retail Leasing
  • Address 527 Atlantic Avenue
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Square feet 2,000
  • Price per foot $ 130.00
  • Publication Date 08/09/2019
  • Event Date 08/07/2019
  • Party 1 Thor Equities
  • Party 2 The Finery
notes
The tattoo removal studio inked a 10-year lease for the Boerum Hill building at $130 per square foot.
  • Event Retail Leasing
  • Address 527 Atlantic Avenue
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Square feet 2,000
  • Price per foot $ 130.00
  • Publication Date 08/09/2019
  • Event Date 08/07/2019
  • Party 1 Thor Equities
  • Party 2 The Finery
notes
The tattoo removal studio inked a 10-year lease for the Boerum Hill building at $130 per square foot.
  • Event Retail Leasing
  • Address 2 Beekman Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,340
  • Publication Date 06/06/2019
  • Event Date 06/06/2019
  • Party 1 Thor Equities
  • Party 1 Brokerage Thor Equities
  • Party 1 Broker Kim Leone
  • Party 2 The Finery
  • Party 2 Brokerage Accent Holdings
  • Party 2 Broker Michael Balanevsky, Arthur Furman, Stan Gutgarts
notes
The tattoo removal company inked a 10-year lease for the Financial District building.
  • Event Retail Leasing
  • Address 88 Greenwich Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 2,800
  • Publication Date 05/30/2019
  • Event Date 05/29/2019
  • Party 1 Thor Equities
  • Party 2 7-Eleven
notes
The convenience store inked a lease for the Financial District space.
  • Event Office Leasing
  • Address 25 West 39th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 13,116
  • Publication Date 05/30/2019
  • Event Date 05/30/2019
  • Party 1 Thor Equities
  • Party 1 Brokerage Avison Young
  • Party 1 Broker John Ryan III, Patrick Steffens, Arthur Mirante
  • Party 2 Converge Marketing
  • Party 2 Brokerage Savills
  • Party 2 Broker Andrew Zang, Pete Cento
notes
The marketing firm signed a 10-year lease for the Garment District space.
  • Event Office Leasing
  • Address 25 West 39th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 12,252
  • Price per foot $ 65.00
notes
The women-centric co-working firm signed a 10-year lease for the Garment District space which had an asking rent of $65 per square foot.
  • Event Retail Leasing
  • Address 180 Livingston Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 9,000
  • Price per foot $ 125.00
notes
The daycare center inked a 15-year lease for the Brooklyn Heights building which had an asking rent of $125 per square foot.
  • Event Office Leasing
  • Address 139 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 5,743
notes
The lock company signed a 7-year lease for the Flatiron location.
  • Event Retail Leasing
  • Address 680 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 800
  • Publication Date 01/18/2019
  • Event Date 01/17/2019
  • Party 1 Thor Equities
  • Party 2 Sergio Rossi
notes
The Italian women's footwear company signed a lease for the Lenox Hill building.
  • Event Retail Leasing
  • Address 680 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 3,800
notes
The high-end Italian fashion house inked a lease for the Upper East Side space.
  • Event Retail Leasing
  • Address 525 Atlantic Avenue
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Square feet 3,500
  • Publication Date 01/11/2019
  • Event Date 01/11/2019
  • Party 1 Thor Equities
  • Party 2 Smile Direct Club
notes
The invisible aligner company inked a lease for the Boerum Hill space.
  • Event Retail Leasing
  • Address 17 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 2,600
  • Publication Date 12/30/2018
  • Event Date 12/19/2018
  • Party 1 Thor Equities
  • Party 2 Smile Direct Club
notes
The dentist inked a lease for the Central Harlem building.
  • Event Retail Leasing
  • Address 17 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 1,300
  • Price per foot $ 150.00
notes
The bakery chain signed a 10-year lease for the Central Harlem space at $150 per square foot.
  • Event Retail Leasing
  • Address 209 Smith Street
  • Neighborhood Cobble Hill
  • Borough Brooklyn
  • Square feet 5,600
  • Price per foot $ 150.00
notes
The children's fitness center signed a 10-year lease for the Cobble Hill building which had an asking rent of $150 per square foot.
  • Event Financing
  • Address 530 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 201,000
  • Price $ 305,000,000
notes
The lender issued a loan of $305 million for the Soho portfolio.
  • Event Retail Leasing
  • Address 725 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 8,300
  • Price per foot $ 400.00
  • Publication Date 10/15/2018
  • Event Date 10/08/2018
  • Party 1 Thor Equities
  • Party 2 Cabo Wabo Cantina
notes
The eatery signed a 10-year lease for the Times Square location which had an asking rent of $400 per square foot.
  • Event Retail Leasing
  • Address 25 West 39th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 13,400
  • Price per foot $ 65.00
notes
The squash center signed a 15-year lease for the Garment District space which had an asking rent of $65 per square foot.
  • Event Office Leasing
  • Address 139 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 5,745
notes
The Danish hair loss treatment center inked a lease for the Flatiron location.
  • Event Sales
  • Address 124 North 6th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 32,250,000
  • Publication Date 08/27/2018
  • Event Date 08/20/2018
  • Party 1 Thor Equities
  • Party 2 Redsky Capital
notes
The buyer acquired the Williamsburg portfolio for $32.25 million.
  • Event Sales
  • Address 838 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 98,000
  • Price $ 64,500,000
notes
The buyer secured the Upper West Side property for $64.5 million.
  • Event Office Leasing
  • Address 530 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 49,000
  • Price per foot $ 75.00
notes
The flexible-office startup inked a 10-year lease for the Soho space at $75 per square foot.
  • Event Financing
  • Address 685 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 101,000
  • Price $ 325,000,000
notes
The owners secured a loan of $325 million for the Plaza District property.
  • Event Financing
  • Address 280 Richards Street
  • Neighborhood Red Hook
  • Borough Brooklyn
  • Square feet 23,000
  • Price $ 30,000,000
notes
The owner secured a loan of $30 million for the Red Hook property.
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THOR 840 WEST END AVE
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THOR 98 MORNINGSIDE A
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Wharton Properties|Aurora Capital Associates|Thor Equities|A&H Acquisitions, 529 BROADWAY HOLDINGS
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THOR 164 5TH AVE LLC
164 Fifth Avenue is a four-story, 19,000-square-foot Flatiron District office building owned by...
Manhattan, 10010
THOR 172 FIFTH AVENUE
172 Fifth Avenue is a six-story, 25-unit Midtown South building at East 22nd...
Manhattan, 10016
245 FIFTH OWNER LLC
245 Fifth Avenue is a 24-story, 307,418-square-foot office building at the corner of...
Manhattan, 10036
530 Fifth Avenue is a 26-story, 500,000-square-foot retail and office tower acquired in...
Manhattan, 10036
FIFTH AVENUE RETAIL P
562-564 Fifth Avenue are two adjacent buildings owned by Thor Equities, a privately...
Manhattan, 10036
THOR FIFTH AVENUE LLC
590 Fifth Avenue is a 19-story, 100,000-square-foot office and retail building owned by...
Manhattan, 10017
597 SCRIBNER LLC
597 Fifth Avenue, also known as the Scribner Building, is a 12-story building...
Manhattan, 10022
Thor Equities, 685 FIFTH AVENUE OWNE
685 Fifth Avenue is a 115,330 square foot building built in 1926 in...
Manhattan, 10022
THOR 693 LLC
693 Fifth Avenue is an office-and-retail building owned by French billionaire Marc Ladreit de...

06/01/2018
Those deals included 21 closings at 212 Fifth Avenue, a condo conversion by Thor Equities, Madison Equities and Building and Land Technology...

02/16/2018
Thor Equities is the landlord of the building...

02/01/2018
New York REIT and Joseph Sitt’s Thor Equities have been two of the firms most eager to sell their holdings over the past year...

01/01/2018
From top left: Laurie Golub, Daun Paris, Caaminee Pandit, Bess Freedman, Alicia Goldstein, Leslie Himmel, Pam Liebman, Melissa Gliatta, Toby Moskovits and E.A. Stribling-Kivlan From top left: Laurie Golub, Daun Paris, Caaminee Pandit, Bess Freedman, Alicia Goldstein, Leslie Himmel, Pam Liebman, Melissa Gliatta, Toby Moskovits and E.A. Stribling-Kivlan...

09/01/2017
Similarly, Thor Equities, headed by Joseph Sitt, took the No...

08/01/2017
 In January, the developers behind 212 Fifth Avenue â€' a partnership between Madison Equities, Building and Land Technology and Thor Equities â€' sued Town for failing to hit sales targets at the 48-unit condo conversion...

07/01/2017
But Est4te Four’s change in plans isn’t discouraging others. Joseph Sitt’s Thor Equities is moving forward with plans for Red Hook Point, an 818,000-square-foot office and retail complex next to Ikea at 280 Richards Street...

06/08/2017
With apparel retailers feeling the squeeze from online competition, grocers, food halls and restaurant tenants accounted for five of the 10 biggest retail deals inked in the With apparel retailers feeling the squeeze from online competition, grocers, food halls and restaurant tenants accounted for five of the 10 biggest retail deals inked in the...

02/24/2017
Elliman had a nearly-identical drop in new business, picking up just $2 billion in exclusives. Compass, which picked up over $1.5 billion in exclusives in 2015, landed only one approved Manhattan project in 2016, Magnum Real Estate Group’s 196 Orchard Street. CORE’s haul fell to just one small Harlem project, and Town Residential, recently taken off Madison Equities, Building and Land Technology and Thor Equities’ 212 Fifth Avenue, did not pick up a single Manhattan project in 2016...

12/01/2016
In February, for instance, Coach signed a lease at Thor Equities and General Growth Properties’ 685 Fifth Avenue with a rent of $4,000 per square foot on the ground-floor portion...

07/11/2016
The second biggest was Thor Equities'  645,103-square foot office development on Red Hook's waterfront at 270 Richards Street...

07/01/2016
Gülaylar went into contract in March to purchase the office portion of the building for $160 million from General Growth Properties and Joseph Sitt’s Thor Equities, which held onto the valuable retail space at ground level...

05/01/2016
Some tenants who signed deals near those levels â€' such as Qatari jeweler Qela, which in 2014 announced plans to move into Thor Equities’ 680 Madison â€' actually never moved in...

05/01/2016
Another big firm that declined to disclose its deals was Midtown-based Estreich & Company, which works closely with major owners such as A&E Real Estate Management and Thor Equities...

12/30/2015
While Gary Barnett's Extell Development â€' which is known for this sort of thing â€' appears on the list as both a buyer and a seller, the crop of developers overall is best characterized by its diversity. Three Chinese firms appear, including locally-based Kuafu Properties. Global firms like GID Development Group and the Carlyle Group showed up next to local fixtures like Ziel Feldman's HFZ Capital and Joseph Sitt's Thor Equities...

11/01/2015
3100 Brighton 2nd Street and 486 Brooklyn Avenue The market for big packages of multifamily buildings may have less sex appeal than the fancy condos 3100 Brighton 2nd Street and 486 Brooklyn Avenue The market for big packages of multifamily buildings may have less sex appeal than the fancy condos...

09/01/2015
The firm, which was founded in 1997 by real estate practice chair Terri Adler, helped structure the complicated ground lease for the Carlton House, a luxury co-op at 680 Madison Avenue that’s being developed by Extell and Angelo, Gordon & Co. It was also involved in the $277 million sale of the ground-floor retail condo there in 2013, to Thor Equities...

08/01/2015
Nearly a third of the properties in the New Jersey town of Deal are owned by New York City real estate families. Source: Deal Nearly a third of the properties in the New Jersey town of Deal are owned by New York City real estate families. Source: Deal...

05/01/2015
Of the total, the three largest funds, Thor Equities, Blackstone Group and Callahan Capital Properties, have invested more than $2 billion apiece in New York properties since last April...

12/01/2014
At the same time, Crown stepped back from smaller deals in Manhattan, with no acquisitions in emerging neighborhoods. Overall, it has made fewer, but larger, investments in the last few years than its dealmaking rivals such as Ashkenazy Acquisition, Thor Equities and Jeff Sutton’s Wharton Properties...

10/01/2014
And brokers don’t anticipate any downward slide of Midtown South rents, in part because of a dearth of new office construction. Most of Manhattan’s new commercial construction has occurred in Midtown and Downtown, with the exception of 51 Astor and Thor Equities’ 55,000-square-foot 837 Washington Street in the Meatpacking District...

09/01/2012
Much of the property is under the control of just a few under-the-radar, family-run companies, such as the estate of William Gottlieb, Romanoff Equities and Meilman Family Real Estate. But there are also owners who are better known in real estate circles, such as Joseph Sitt’s Thor Equities, Ronald Burkle’s Yucaipa Companies and Robert Cayre’s Aurora Capital...

07/01/2012
In addition, landlords have recently seen an uptick in calls from potential buyers, and some of the city’s top retail owners are eyeing potential acquisitions on the gritty, chaotic thoroughfare. For example, Joe Sitt, the CEO of Thor Equities, an active buyer in prime shopping districts like Fifth Avenue and Broadway, told The Real Deal that he’s looking to make his first Canal Street acquisition...

06/01/2012
“What you are seeing is a flight to quality, or a flight to the resources,” said Heiberger, an industry veteran who started Town in late 2010. With financial backing from Joe Sitt of Thor Equities, Town has lured brokers with perks like health insurance reimbursement and concierge services for agents...

12/01/2011
Click to enlarge Upper Fifth Avenue (the portion between 49th and 59th streets) is the most expensive retail stretch in the world. However, it's not Click to enlarge Upper Fifth Avenue (the portion between 49th and 59th streets) is the most expensive retail stretch in the world. However, it's not...
Brooklyn, 11223
Thor Equities, 2125 E. 4TH STREET, LLC C/O THOR
This property is a new development. The developer(s) filed plans in March of...
Manhattan, 10013
Thor Equities, 11 GREEN STREET LLC
335 Canal Street is a 65,941 square foot property in the Soho neighborhood...
Brooklyn, 11231
THOR EQUITIES, THOR 280 RICHARDS LLC
This property is a new development. The developer(s) filed plans in June of...
Manhattan, 10013
Thor Equities, 11 GREEN STREET LLC
...
Manhattan, 10022
Thor Equities, 685 FIFTH AVENUE OWNE
685 Fifth Avenue is a 115,330 square foot building built in 1926 in...