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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.


Extell, Zeckendorf in talks to lead development of 520 Fifth: sources
06/06/18
...for The Real Deal, Brown Harris Stevens, and Thor Equities) Ceruzzi Properties and SMI USA are on the hunt for a development partner at...

The top 10 NYC retail leases in May
06/05/18
...building is owned by General Growth Properties and Thor Equities. 8) Chick-fil-A, 711 Lexington Avenue, Plaza District - 12,000 square feet The restaurant chain signed a lease...

The 2018 residential broker ranking: Here are Manhattan’s top agents
06/04/18
...closings at 212 Fifth Avenue, a condo conversion by Thor Equities, Madison Equities and Building and Land Technology. (Gold, who came in at No. 8 with...

Manhattan’s top agents
...closings at 212 Fifth Avenue, a condo conversion by Thor Equities, Madison Equities and Building and Land Technology. (Gold, who came in at No. 8 with...

“It was definitely the last option”: Heiberger breaks down Town’s downfall at TRD forum
05/14/18
...blame on Town’s backer, Joseph Sitt of Thor Equities. The two sparred publicly in 2013 and 2014 over a failure to meet certain financial targets...

HFZ shops block of unsold units in three buildings
05/11/18
...Amsterdam Avenue, Larry Cohen’s 229-unit conversion. In 2016, Thor Equities picked up 71 sponsor units at the Apthorp condo building for $120 million. Cheshire Group and...

Hell without the L?: Here’s how real estate players are bracing for the train shutdown
05/08/18
...property at 204-206 Bedford Avenue. Joe Sitt’s Thor Equities is in contract to buy a development site from the Salvation Army for $36 million...

Manhattan’s luxury market recorded 26 contracts last week: Olshan
04/02/18
...million. Madison Equities, Building and Land Technology and Thor Equities condominium redevelopment of 212 Fifth Avenue notched the week’s second-priciest contract: a 4,155-square-foot unit...

Inside SoFla luxury retail’s battle royale
03/27/18
...Partners, New York-based Helm Equities, the Gindi family, Thor Equities and David Edelstein’s TriStar Capital. Dacra vice president Anna Williams said that Miami...

Brookfield reaches massive deal to buy remainder of GGP
03/26/18
...Mathrani and 685 Fifth Avenue (Credit: Getty Images and Thor Equities) One of the biggest real estate mergers in years is nearing the finish line...

Bridging the CRE gender divide
03/26/18
...for Shawmut Design and Construction in New York, Thor Equities in Miami and, more recently, spent a year working for RKF, also in Miami...

Modell’s close to selling 300K sf warehouse
03/23/18
...to take 17,500 square feet of retail space at Thor Equities’ 135 East 125th Street in Harlem.  — Kathryn Brenzel...

Thor, Premier file plans for Upper East Side resi building
03/14/18
...m. March 15: Premier Equities and Joseph Sitt’s Thor Equities have filed plans for a new residential building at 1299 Third Avenue on the Upper...

Has the retail-condo market in NYC bottomed out?
03/14/18
...buy the condo at 412 West 14th Street from Thor Equities for $88 million. The renewed interest in pure-play retail properties follows a year in which...

A look at real estate’s gender divide on International Women’s Day
03/08/18
...expand their customer base.” Melissa Gliatta, COO of Thor Equities, said that offering job flexibility is also key. Gliatta said that after having her...

Housing Works renews 41K sf at BK offices
03/07/18
...to 46,000 square feet about two blocks away at Thor Equities’ 180 Livingston Street. Newmark Knight Frank’s Whitten Morris, who handles leasing at the building...

Has the retail-condo market bottomed out?
...buy the condo at 412 West 14th Street from Thor Equities for $88 million. The renewed interest in pure-play retail properties follows a year in which...

The New York Renaissance Hotel isn’t profitable. And its owner can’t wait to sell
02/27/18
...hit when it sold the James Hotel to Thor Equities for $66.3 million, far less than the $83 million it paid in 2013. UBS Realty put its...

Manhattan retailers threatening to get out of Dodge if landlords don’t cut rent
02/27/18
...seller, is threatening to leave its space at Thor Equities...

Meet the quiet powerhouse that became Manhattan’s busiest hotel buyer
02/27/18
...Central Park. It was also recently hired by Thor Equities to run the James New York hotel in Soho. In all, it currently either...

Rockwood Capital lands $260M refi for Midtown East tower
02/26/18
...Kassirer recently went into contract for Rockwood and Thor Equities...

Thor hires Mitsui Fudosan veteran to head US acquisitions team
02/26/18
...Joe Sitt and Jeff Menard Joseph Sitt’s Thor Equities hired Mitsui Fudosan veteran Jeff Menard to head its North America acquisition team, the...

Thor loses most of its stakes in three buildings to GGP to pay off debt
02/22/18
...Mathrani and 685 Fifth Avenue (Credit: Getty Images and Thor Equities) Joe Sitt’s Thor Equities lost most of its interest in three Manhattan retail-and-office...

Hermès to open Soho store
02/20/18
...company is close to inking a deal at Thor Equities and Premier Equities’ 63 Greene Street, Women’s Wear Daily reported. Hermès will reportedly...

The top 10 NYC retail leases in January
02/16/18
...retail space at 180 Bedford Avenue in hipster village. Thor Equities is the landlord of the building. 5) Church Street School for Music and Art, 41 White...
Larissa Belova
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...
Alexandra Frangos
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...
Melissa Gliatta
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...
Alan Klein
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...
Jonathan Scheinberg
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...
Cory Elbaum
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,...
Scott Sherman
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...
Joseph Sitt
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...
For more info, click here
  • Event Office Leasing
  • Address 245 Fifth Avenue
  • Unit 24th
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 9,100
notes
The commercial services has renewed its lease for an additional 5 years.
For more info, click here
  • Event Retail Leasing
  • Address 875 Washington Street
  • Unit 2nd Fl
  • Neighborhood Meatpacking Disctict
  • Borough Manhattan
  • Square feet 3,707
  • Price per foot $ 90.00
notes
The leading on-demand meeting space provider signed a lease.
For more info, click here
  • Event Retail Leasing
  • Address 92 Rivington Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 700
  • Price per foot $ 155.00
notes
The new eatery signed a lease for the 700 sf of ground floor space in the Lower East Side building.
For more info, click here
  • Event Retail Leasing
  • Address 92 Rivington Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 800
notes
Chamusca is a Japanese/Sushi restaurant.
For more info, click here
  • Event Office Leasing
  • Address 245 Fifth Avenue
  • Neighborhood Nomad
  • Borough Manhattan
  • Square feet 9,100
notes
The consulting firm expanded and renewed its lease.
For more info, click here
  • 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.
For more info, click here
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 34,000
notes
The entertainment and media company expanded its lease.
For more info, click here
  • 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.
For more info, click here
  • Event Sales
  • Address 292 Atlantic Avenue
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Square feet 7,500
  • Price $ 10,300,000
notes
The mixed-use multifamily and retail building was sold for $10.3 million.
For more info, click here
  • 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.
For more info, click here
  • Event Office Leasing
  • Address 545 Madison Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 7,114
notes
The televison retailer renewed its lease on the 18th and 19th floors.
For more info, click here
  • Event Office Leasing
  • Address 597 Fifth Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 6,370
notes
The financial company signed a lease on the 5th floor.
For more info, click here
  • 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.
For more info, click here
  • 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.
For more info, click here
  • Event Retail Leasing
  • Address 158 Franklin Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 3,800
notes
The lighting fixture retailer signed a 10-year lease.
For more info, click here
  • Event Office Leasing
  • Address 25 West 39th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 20,000
notes
The co-working firm signed a 15-year lease for the entire 14th floor.
For more info, click here
  • Event Sales
  • Address 125 Greene Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 3,400
  • Price $ 12,600,000
  • Price per foot $ 3,706.00
notes
The retail co-op sold for $12.6 million.
For more info, click here
  • Event Financing
  • Address 529 Broadway
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 195,300,000
notes
The company secured a $195.3 million loan.
For more info, click here
  • 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.
For more info, click here
  • Event Office Leasing
  • Address 590 Fifth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 13,370
notes
The medical center signed a lease.
For more info, click here
  • 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
notes
The landmarked building sold for $81.5 million.
For more info, click here
  • 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
notes
The company secured a $44.9 million loan.
For more info, click here
  • Event Retail Leasing
  • Address 424 Broome Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 4,100
notes
The custom suit company signed a lease.
For more info, click here
  • Event Sales
  • Address 213-219 West 116th Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 40,000
  • Price $ 23,400,000
  • Price per foot $ 585.00
notes
The building sold for $23.4 million.
For more info, click here
  • Event Sales
  • Address 306 Bowery
  • Neighborhood NoHo
  • Borough Manhattan
  • Square feet 6,700
  • Price $ 8,200,000
  • Price per foot $ 1,223.88
notes
The building sold for $8.2 million.
To see all, go to Advanced Search
564 West 126th Street
Manhattan, 10027
THOR 560 WEST 126TH S
564 West 126th Street is a 19,255 square foot property built in 1901...
3 East 48th Street
Manhattan, 10017
597 SCRIBNER LLC
3 East 48th Street is a 14,701 square foot property built in 1920...
93 North 9th Street
Brooklyn, 11249
COLT 93 NORTH 9TH STREET LLC
93 North 9th Street is a 10,200 square foot property built in 1960...
1105 Bowery
Brooklyn, 11224
THOR PERSILY LLC
1105 Bowery is a 12,816 square foot property built in 1922 in the...
36 East 61st Street
Manhattan, 10065
THOR 36 EAST 61ST LLC
36 East 61st Street is a 10,345 square foot property built in 1900...
139 Fifth Avenue
Manhattan, 10010
THOR 139 5TH AVENUE, LLC
139 Fifth Avenue is a 24,093 square foot property built in 1915 in...
734 Broadway
Manhattan, 10003
THOR 734 BROADWAY LLC
734 Broadway is a 13,990 square foot property built in 1900 in the...
1752 Shore Parkway
Brooklyn, 11214
THOR SHORE PKWY DEVELOPERS, LLC
1752 Shore Parkway is a 135,556 square foot building in the Gravesend neighborhood...
560 West 126th Street
Manhattan, 10027
THOR 560 WEST 126TH ST LLC
560 West 126th Street is a 16,266 square foot property built in 1910...
556 West 126th Street
Manhattan, 10027
THOR 560 WEST 126TH ST LLC
556 West 126th Street is a 16,266 square foot property built in 1910...
132 East 126th Street
Manhattan, 10035
126THH ST GATEWAY VENTURES, LLC
132 East 126th Street is a 58,948 square foot property built in 2008...
428 West 14th Street
Manhattan, 10014
THOR ASB 875 WASHINGT
428 West 14th Street is a 53,658 square foot property built in 1900...
335 Canal Street
Manhattan, 10013
Thor Equities, 11 GREEN STREET LLC
335 Canal Street is a 65,941 square foot property in the Soho neighborhood...
270 Richards Street
Brooklyn, 11231
THOR EQUITIES, THOR 280 RICHARDS LLC
This property is a new development. The developer(s) filed plans in June of...
1231 Third Avenue
Manhattan, 10021
Allied Partners, THOR 1231 THIRD AVENU
...
120 Riverside Drive
Manhattan, 10024
THOR-GO 120-125 RIVER
...
215 West 116th Street
Manhattan, 10026
11678 REALTY CO., L.L.C.
...
526 West 111st Street
Manhattan, 10025
THOR 526 WEST 111TH S
...
127 East 125th Street
Manhattan, 10035
THOR GATEWAY I & II OWNER, LLC
...
17 West 125th Street
Manhattan, 10027
THOR 17 WEST 125TH ST
...
840 West End Avenue
Manhattan, 10025
THOR 840 WEST END AVE
...
150 West 82nd Street
Manhattan, 10024
THOR-GO 150 WEST 82ND
...
98 Morningside Avenue
Manhattan, 10027
THOR 98 MORNINGSIDE A
...
125 Riverside Drive
Manhattan, 10024
THOR-GO 120-125 RIVER
...
832 West End Avenue
Manhattan, 10025
THOR 838 WEST END AVE
...
30 Park Avenue
Manhattan, 10016
THOR 30 PARK AVENUE L
...
335 Canal Street
Manhattan, 10013
Thor Equities, 11 GREEN STREET LLC
...
212 Fifth Avenue Condominium
Manhattan, 10010
Madison Equities, 212 FIFTH AVENUE VENTURE LLC
The sponsor(s) filed plans on 04/21/15 to test the market with a project...
560 Broadway
Manhattan, 10012
560 ASSOCIATES, L.L.C
...
529 Broadway
Manhattan, 10012
Wharton Properties|Aurora Capital Associates|Thor Equities|A&H Acquisitions, 529 BROADWAY HOLDINGS
...
Carlton House
Manhattan, 10065
EXTELL DEVELOPMENT, 680 RESIDENTIAL OWNER, LLC
The sponsor(s) filed plans on 10/13/11 for a co-op project at 19 East...
164 Fifth Avenue
Manhattan, 10010
THOR 164 5TH AVE LLC
164 Fifth Avenue is a four-story, 19,000-square-foot Flatiron District office building owned by...
172 Fifth Avenue
Manhattan, 10010
THOR 172 FIFTH AVENUE
172 Fifth Avenue is a six-story, 25-unit Midtown South building at East 22nd...
245 Fifth Avenue
Manhattan, 10016
245 FIFTH OWNER LLC
245 Fifth Avenue is a 24-story, 307,418-square-foot office building at the corner of...
530 Fifth Avenue
Manhattan, 10036
530 Fifth Avenue is a 26-story, 500,000-square-foot retail and office tower acquired in...
562-564 Fifth Avenue
Manhattan, 10036
FIFTH AVENUE RETAIL P
562-564 Fifth Avenue are two adjacent buildings owned by Thor Equities, a privately...
590 Fifth Avenue
Manhattan, 10036
THOR FIFTH AVENUE LLC
590 Fifth Avenue is a 19-story, 100,000-square-foot office and retail building owned by...
597 Fifth Avenue
Manhattan, 10017
597 SCRIBNER LLC
597 Fifth Avenue, also known as the Scribner Building, is a 12-story building...
685 Fifth Avenue
Manhattan, 10022
Thor Equities, 685 FIFTH AVENUE OWNE
685 Fifth Avenue is a 115,330 square foot building built in 1926 in...
693 Fifth Avenue
Manhattan, 10022
THOR 693 LLC
693 Fifth Avenue is an office-and-retail building owned by French billionaire Marc Ladreit de...

Top 10 biggest real estate projects coming to NYC
07/11/16
...compiled by Property Shark. The second biggest was Thor Equities...

Fifth (Avenue) Amendments
...from General Growth Properties and Joseph Sitt’s Thor Equities, which held onto the valuable retail space at ground level. GGP and Thor bought...

Madison Avenue retail
empties out
...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...

Eastdil, Meridian tighten
lock on NYC mortgage
brokerage world
...as A&E Real Estate Management and Thor Equities. All in the family Eastdil, which also dominates New York City’s investment sales...

The top 10 biggest development site deals of 2015
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...

Multifamily mania
...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...

NYC’s biggest real estate
law firms
...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...

Dominating Deal
...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...

Private equity’s new game plan
...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...

Ranking Manhattan’s
biggest retail buyers
...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...

Midtown Manhattan
How pricey is Midtown South?
...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...

Mass market for Meatpacking
...real estate circles, such as Joseph Sitt’s Thor Equities, Ronald Burkle’s Yucaipa Companies and Robert Cayre’s Aurora Capital. By far the...

Retail landlords cash in on Canal Street
...thoroughfare. For example, Joe Sitt, the CEO of Thor Equities, an active buyer in prime shopping districts like Fifth Avenue and Broadway, told The...

Manhattan’s top firms
...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...

Fifth Avenue’s storefront shuffle
...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...

Commercial side’s ‘flight to quality’
...the New York Capital Markets Group at Cushman. Thor Equities...

A double dip? Not in leasing
...Michael Thomas, also of Colliers, represented the landlord, Thor Equities, while the tenant, Bootstrap Software, was represented by Tricia Rosen of Rosen & Jacobs...
1752 Shore Parkway
Brooklyn, 11214
THOR SHORE PKWY DEVELOPERS, LLC
1752 Shore Parkway is a 135,556 square foot building in the Gravesend neighborhood...
335 Canal Street
Manhattan, 10013
Thor Equities, 11 GREEN STREET LLC
335 Canal Street is a 65,941 square foot property in the Soho neighborhood...
270 Richards Street
Brooklyn, 11231
THOR EQUITIES, THOR 280 RICHARDS LLC
This property is a new development. The developer(s) filed plans in June of...
335 Canal Street
Manhattan, 10013
Thor Equities, 11 GREEN STREET LLC
...
212 Fifth Avenue Condominium
Manhattan, 10010
Madison Equities, 212 FIFTH AVENUE VENTURE LLC
The sponsor(s) filed plans on 04/21/15 to test the market with a project...
685 Fifth Avenue
Manhattan, 10022
Thor Equities, 685 FIFTH AVENUE OWNE
685 Fifth Avenue is a 115,330 square foot building built in 1926 in...
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