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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.
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06/19/17
...within the office and retail property owned by Thor Equities.
Thor bought the building, which is one block from the Fulton Mall, for $136 million...
06/08/17
...late July, signed a new one-year lease at Thor Equities...
06/08/17
...It was a rapid-fire deal even for the Thor Equities CEO — who one friend described as New York real estate’s version of the...
06/01/17
...flagging retail rents mean for Joe Sitt’s Thor Equities, and examine early signs of distress in parts of the city’s commercial real...
05/26/17
...Washington Street and Joe Sitt (Credit: Thor Equities)
Thor Equities is in contract to sell its stake in 875 Washington Street to the building's co-owner...
05/23/17
...and limits individual and political action contributions to $2,750.
Thor Equities...
05/23/17
...a lunch for its clients, where attendees included Thor Equities...
05/22/17
...is in talks to take 8,000 square feet at Thor Equities...
05/22/17
...between Madison Equities, Building and Land Technology and Thor Equities, alleged that the brokerage resisted being replaced by Sotheby's International Realty despite having failed...
05/21/17
...of Cushman & Wakefield, and Morris Bailey of Thor Equities.
(All photos by Adam Pincus for The Real Deal...
05/19/17
...the Bronx, GreenOak Real Estate’s buyout of Thor Equities’ stake in three Upper West Side buildings and the effect that the Clock Tower...
05/16/17
...nd Street
GreenOak Real Estate bought Joseph Sitt's Thor Equities out of its interest in three Upper West Side rental properties in a deal...
05/03/17
...Alan Klein and Jonathan Fishman
Former Thor Equities acquisition executives Alan Klein and Jonathan Fishman are launching their own multifamily investment firm...
05/03/17
...it owns in partnership with Joe Sitt’s Thor Equities.
Both partners have options to buy the other’s stake in the 115,000-square-foot-building if...
04/28/17
...This past week, The Real Deal reported on Thor Equities trying to exit a hard contract for a Bronx rental building, the growth in...
04/27/17
...Sitt
UPDATED, 2:01 p.m., April 28: Joseph Sitt’s Thor Equities is trying to exit a hard contract to pay $42.5 million for a large Bronx...
04/25/17
...East 61st Street and Joe Sitt
Joe Sitt's Thor Equities is jumping on the recent townhouse turnaround by listing its Upper East Side mansion...
04/19/17
...is also working with other large landlords like Thor Equities and Simon Property Group. A Brookfield spokesperson confirmed that the company signed an agreement...
04/17/17
...store at 140 West Street. He and Stone represented Thor Equities in a 34,139-square-foot lease with the 9/11 Tribute Center in 2016.
Colliers last year poached the...
04/10/17
...between Madison Equities, Building and Land Technology and Thor Equities. The apartment has three bedrooms, three bathrooms across 3,000-square feet.
Last week, ESPN’s...
04/06/17
...The Fifth Avenue building, developed by Madison Equities, Thor Equities and Building and Land Technology (BLT), is now under construction and will have 48 units...
04/03/17
...in order to lure tenants.
Joe Sitt’s Thor Equities, which has been grappling with a number of vacancies across its retail portfolio, handed...
04/03/17
...Jassim Bin Jaber al Thani (Credit: Getty Images, Thor Equities and Macklowe Properties)
UPDATED, 2:25 a.m., April 4: Joe Sitt is a Brooklyn guy who...
04/03/17
...Sitt’s investment partner on at least six Thor Equities properties, including five in New York, financial disclosures released by the White House Friday...
03/31/17
...as Lightstone Group’s assemblage executive Meir Milgraum, Thor Equities’ Marc Effren and Corigin Real Estate’s Ian Klein, were also in attendance. And...
Thor Equities, Head, Capital Markets
25 West 39th Street, New York, NY
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
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
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
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
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
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
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
25 West 39th Street, New York, NY, 212 529 5055
Joseph Sitt is the CEO of Thor Equities, the privately held development and...
- Event Office Leasing
- Address 245 Fifth Avenue
- Unit 24th
- Neighborhood NoMad
- Borough Manhattan
- Square feet 9,100
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 Moinian Group, Thor Equities
- Party 1 Brokerage Moinian Group
- Party 1 Broker Gabriel Whitman
- Party 2 Creative World Management
- Party 2 Brokerage Douglas Elliman Commercial
- Party 2 Broker James Gross, Peter Gross
notes
The commercial services has renewed its lease for an additional 5 years.
- Event Retail Leasing
- Address 875 Washington Street
- Unit 2nd Fl
- Neighborhood Meatpacking Disctict
- Borough Manhattan
- Square feet 3,707
- Price per foot $ 90.00
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 Thor Equities, ASB Real Estate Investments
- Party 1 Brokerage Thor Equities
- Party 1 Broker Adam Rappaport
- Party 2 Breather
- Party 2 Brokerage CBRE
- Party 2 Broker Ramsey Feher
notes
The leading on-demand meeting space provider signed a lease.
- Event Retail Leasing
- Address 92 Rivington Street
- Neighborhood Lower East Side
- Borough Manhattan
- Square feet 700
- Price per foot $ 155.00
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 Thor Equities
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker James Famularo, Max Swerdloff
- Party 2 Harvest of the Sea
- Party 2 Brokerage Eastern Consolidated
- Party 2 Broker James Famularo, Max Swerdloff
notes
The new eatery signed a lease for the 700 sf of ground floor space in the Lower East Side building.
- Event Retail Leasing
- Address 92 Rivington Street
- Neighborhood Lower East Side
- Borough Manhattan
- Square feet 800
- Publication Date 05/01/2017
- Event Date 03/17/2017
- Party 1 Thor Equities
- Party 1 Brokerage Thor Equities
- Party 1 Broker Joshua Danesh
- Party 2 Chamusca
- Party 2 Brokerage Eastern Consolidated
- Party 2 Broker James Famularo
notes
Chamusca is a Japanese/Sushi restaurant.
- Event Office Leasing
- Address 530 Fifth Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 34,000
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Thor Equities, General Growth Properties, RXR Realty
- Party 1 Brokerage RXR Realty, Avison Young
- Party 1 Broker Daniel Birney, Alexandra Budd, Mitti Liebersohn
- Party 2 Lionsgate
- Party 2 Brokerage Cresa
- Party 2 Broker James Travers, Lawson Martin
notes
The entertainment and media company expanded its lease.
- Event Office Leasing
- Address 245 Fifth Avenue
- Neighborhood Nomad
- Borough Manhattan
- Square feet 9,100
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Moinian Group, Thor Equities
- Party 1 Brokerage Moinian Group
- Party 1 Broker Gabriel Whitman
- Party 2 Creative World Management
- Party 2 Brokerage Douglas Elliman
- Party 2 Broker James Gross, Peter Gross
notes
The consulting firm expanded and renewed its lease.
- Event Retail Leasing
- Address 164 Fifth Avenue
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 17,600
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Thor Equities
- Party 2 Alo Yoga
notes
The LA-based women's yoga clothing brand signed a long-term lease for the entire four-story office and retail property.
- Event Financing
- Address 127 East 125th street, 132 East 26th streett
- Neighborhood Flatiron
- Borough Manhattan
- Price $ 55,000,000
- Publication Date 05/01/2017
- Event Date 02/03/2017
- Party 1 Thor Equities
- Party 2 Deutche Bank
notes
The corporation secured a refi of $55 million, consolidating a new $10.1 M loan with their previous loan of $44.9 million.
- Event Sales
- Address 292 Atlantic Avenue
- Neighborhood Boerum Hill
- Borough Brooklyn
- Square feet 7,500
- Price $ 10,300,000
- Publication Date 02/01/2017
- Event Date 12/18/2016
- Party 1 Thor Equities
- Party 1 Brokerage RKF
- Party 1 Broker Brian Segall, George Martinez
- Party 2 BFC Partners
- Party 2 Brokerage RKF
- Party 2 Broker Brian Segall, George Martinez
notes
The mixed-use multifamily and retail building was sold for $10.3 million.
- Event Financing
- Address 155 Mercer Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 18,120
- Price $ 0
- Publication Date 01/01/2017
- Event Date 11/17/2016
- Party 1 Wilmington Trust
- Party 2 Thor Equities
notes
The partners secured a $41 million acquisiton loan for its retail property.
- Event Office Leasing
- Address 545 Madison Avenue
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 7,114
- Publication Date 12/01/2016
- Event Date 10/15/2016
- Party 1 Thor Equities
- Party 1 Brokerage Avison Young
- Party 1 Broker Anthony LoPresti, John Ryan
- Party 2 HSN
- Party 2 Brokerage William Iacovelli, Ramsey Feher
- Party 2 Broker CBRE
notes
The televison retailer renewed its lease on the 18th and 19th floors.
- Event Office Leasing
- Address 597 Fifth Avenue
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 6,370
- Publication Date 12/01/2016
- Event Date 10/15/2016
- Party 1 Thor Equities
- Party 1 Brokerage Thor Equties, Colliers International
- Party 1 Broker Adam Rappaport, Christel Enge, Robert Gallucci
- Party 2 ValuePenguin
- Party 2 Brokerage Anita Grossberg
- Party 2 Broker Douglas Elliman
notes
The financial company signed a lease on the 5th floor.
- Event Retail Leasing
- Address 158 Franklin Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 3,800
- Publication Date 11/01/2016
- Event Date 09/15/2016
- Party 1 Thor Equities
- Party 1 Brokerage Thor Equities
- Party 1 Broker Kim Leone
- Party 2 Urban Archeology
- Party 2 Brokerage The Manhattes Group
- Party 2 Broker Jamie Weiner
notes
The lighting fixture retailer signed a 10-year lease.
- Event Sales
- Address 180 Bedford Avenue
- Neighborhood Williamsburg
- Borough Brooklyn
- Square feet 14,500
- Price $ 30,000,000
- Publication Date 11/01/2016
- Event Date 09/15/2016
- Party 1 Salvation Army
- Party 2 Thor Equities
notes
The property sold for $30 million.
- Event Retail Leasing
- Address 135 East 125th Street
- Neighborhood Harlem East
- Borough Manhattan
- Square feet 17,500
- Publication Date 11/01/2016
- Event Date 09/15/2016
- Party 1 Thor Equities
- Party 2 Modell's Sporting Goods
notes
The sporting goods store signed a lease.
- Event Office Leasing
- Address 25 West 39th Street
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 20,000
- Publication Date 10/01/2016
- Event Date 08/15/2016
- Party 1 Thor Equities
- Party 2 Spark Labs
- Party 2 Brokerage Thor Retail Advisors
- Party 2 Broker Dan Harroch
notes
The co-working firm signed a 15-year lease for the entire 14th floor.
- Event Sales
- Address 125 Greene Street
- Neighborhood SoHo
- Borough Manhattan
- Square feet 3,400
- Price $ 12,600,000
- Price per foot $ 3,706.00
- Publication Date 10/01/2016
- Event Date 08/15/2016
- Party 1 Alan Luchnick, Helene Luchnick
- Party 1 Brokerage Meridian Capital Group
- Party 2 Thor Equities
- Party 2 Brokerage Meridian Capital Group
- Party 2 Broker David Schechtman, Abie Kassin
notes
The retail co-op sold for $12.6 million.
- Event Financing
- Address 529 Broadway
- Neighborhood SoHo
- Borough Manhattan
- Price $ 195,300,000
- Publication Date 10/01/2016
- Event Date 08/15/2016
- Party 1 Wharton Properties, Aurora Capital Associates, A&H Acquisitions, Thor Equities
- Party 2 UBS, Morgan Stanley
notes
The company secured a $195.3 million loan.
- Event Retail Leasing
- Address 680 Madison Avenue
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 12,300
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 Thor Equities
- Party 2 Tom Ford
- Party 2 Brokerage JLL
notes
The super high-end designer signed a lease.
- Event Office Leasing
- Address 590 Fifth Avenue
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 13,370
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 Thor Equities
- Party 1 Brokerage Newmark Grubb Knight Frank
- Party 1 Broker Eric Cagner
- Party 2 Columbia University Medical Center
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Robert Eisenberg, Mark Weiss
notes
The medical center signed a lease.
- Event Sales
- Address 218-222 West 57th Street
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 30,941
- Price $ 81,500,000
- Price per foot $ 2,634.00
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 Steinberg family
- Party 2 Thor Equities, General Growth Properties
notes
The landmarked building sold for $81.5 million.
- Event Financing
- Address 127 East 125th Street|132 East 126th Street
- Neighborhood East Harlem
- Borough Manhattan
- Square feet 108,000
- Price $ 44,900,000
- Price per foot $ 415.00
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 Thor Equities
- Party 2 Deutsche Bank
notes
The company secured a $44.9 million loan.
- Event Retail Leasing
- Address 424 Broome Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 4,100
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 Thor Equities
- Party 1 Brokerage Thor Equities
- Party 1 Broker Joshua Danesh
- Party 2 Indochino
- Party 2 Brokerage Dartmouth Company
- Party 2 Broker Fritz Kemerling
notes
The custom suit company signed a lease.
- Event Sales
- Address 693 Fifth Avenue
- Neighborhood Midtown
- Borough Manhattan
- Square feet 100,000
- Price $ 525,000,000
- Price per foot $ 5,250.00
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 Thor Equities
- Party 1 Brokerage CBRE
- Party 1 Broker Darcy Stacom, Marcella Fasulo
- Party 2 Ladreit de Lacharrière
- Party 2 Brokerage Savitt Partners
- Party 2 Broker Robert Conover, Michael Dubin
notes
The office and retail building sold for $525 million.
- Event Sales
- Address 135 East 125th Street, 126 East 126th Street
- Neighborhood Harlem
- Borough Manhattan
- Square feet 108,000
- Price $ 75,500,000
- Price per foot $ 699.07
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 Brokerage Eastdil Secured
- Party 2 Thor Equities
- Party 2 Brokerage Eastdil Secured
notes
The property sold for $75.5 million.
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Manhattan, 10012
Wharton Properties|Aurora Capital Associates|Thor Equities|A&H Acquisitions, 529 BROADWAY HOLDINGS
Wharton Properties|Aurora Capital Associates|Thor Equities|A&H Acquisitions, 529 BROADWAY HOLDINGS
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THOR 164 5TH AVE LLC
THOR 164 5TH AVE LLC
164 Fifth Avenue is a four-story, 19,000-square-foot Flatiron District office building owned by...
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THOR 172 FIFTH AVENUE
THOR 172 FIFTH AVENUE
172 Fifth Avenue is a six-story, 25-unit Midtown South building at East 22nd...
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245 FIFTH OWNER LLC
245 FIFTH OWNER LLC
245 Fifth Avenue is a 24-story, 307,418-square-foot office building at the corner of...
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530 Fifth Avenue is a 26-story, 500,000-square-foot retail and office tower acquired in...
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FIFTH AVENUE RETAIL P
FIFTH AVENUE RETAIL P
562-564 Fifth Avenue are two adjacent buildings owned by Thor Equities, a privately...
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THOR FIFTH AVENUE LLC
THOR FIFTH AVENUE LLC
590 Fifth Avenue is a 19-story, 100,000-square-foot office and retail building owned by...
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597 SCRIBNER LLC
597 SCRIBNER LLC
597 Fifth Avenue, also known as the Scribner Building, is a 12-story building...
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685 FIFTH AVENUE OWNE
685 FIFTH AVENUE OWNE
685 Fifth Avenue is a 17-story, 115,300-square-foot office and retail building acquired in...
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THOR 693 LLC
THOR 693 LLC
693 Fifth Avenue is an office-and-retail building owned by French billionaire Marc Ladreit de...
07/11/16
...compiled by Property Shark.
The second biggest was Thor Equities...
...from General Growth Properties and Joseph Sitt’s Thor Equities, which held onto the valuable retail space at ground level.
GGP and Thor bought...
...Qela, which in 2014 announced plans to move into Thor Equities’ 680 Madison — actually never moved in. That space was returned to the market where it...
...as A&E Real Estate Management and Thor Equities.
All in the family
Eastdil, which also dominates New York City’s investment sales...
12/30/15
...like Ziel Feldman's HFZ Capital and Joseph Sitt's Thor Equities. And while the outer boroughs failed to place, Manhattan – at least the expensive parts...
...sell the 24-building package to Joseph Sitt’s Thor Equities, which signed a “soft” contract in January 2015 for about $800 million. Thor backed out this...
...of the ground-floor retail condo there in 2013, to Thor Equities.
Lean and mean
Not everyone is in extreme expansion mode. For some, the last...
...Chera as neighbors.
Sitt
Joe Sitt — CEO of Thor Equities, co-owner of Town Residential and founder of the Ashley Stewart clothing store — owns 71 Ocean...
...ranking.
Of the total, the three largest funds, Thor Equities, Blackstone Group and Callahan Capital Properties, have invested more than $2 billion apiece in New...
...than its dealmaking rivals such as Ashkenazy Acquisition, Thor Equities and Jeff Sutton’s Wharton Properties.
Vornado Realty Trust ($2.57B)
Vornado, the large REIT...
...and Downtown, with the exception of 51 Astor and Thor Equities’ 55,000-square-foot 837 Washington Street in the Meatpacking District.
As for tenant mix, they say that...
...real estate circles, such as Joseph Sitt’s Thor Equities, Ronald Burkle’s Yucaipa Companies and Robert Cayre’s Aurora Capital.
By far the...
...thoroughfare. For example, Joe Sitt, the CEO of Thor Equities, an active buyer in prime shopping districts like Fifth Avenue and Broadway, told The...
...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...
...Takashimaya Building)
Address: 693 Fifth Avenue (Takashimaya Building)
Landlord: Thor Equities
Tenant: Forever 21
Lease status: Short-term
Size: 5,462 sq. ft. on the ground floor (part of...
...the New York Capital Markets Group at Cushman. Thor Equities...
...Michael Thomas, also of Colliers, represented the landlord, Thor Equities, while the tenant, Bootstrap Software, was represented by Tricia Rosen of Rosen & Jacobs...
Manhattan, 10065
Extell Development, AGE 680 MADISON LLC
Extell Development, AGE 680 MADISON LLC
Carlton House is a 68-unit residential cooperative building at 680 Madison Avenue and...
