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Global investment firm snaps up $37M in Tampa industrial properties

The 13 warehouses and other properties cover 402,000 square feet in the Veterans and East Tampa areas.
Global real estate investment firm Thor Equities Group has purchased a portfolio of 13 industrial properties in Tampa for more than $37 million.
Global real estate investment firm Thor Equities Group has purchased a portfolio of 13 industrial properties in Tampa for more than $37 million. [ Photo illustration by ASHLEY DYE and MARTHA ASENCIO RHINE | Times ]
Published Aug. 30

A real estate investment firm with a global portfolio is taking a big interest in Tampa’s industrial landscape.

Thor Equities Group has purchased 13 industrial properties spread across Tampa for nearly $37.3 million, according to Hillsborough County records. The properties range from 5,500 square feet to 78,700 square feet, and total 402,000 square feet in all.

While Thor owns several properties in Miami, this is the firm’s first major investment in Tampa Bay.

“Tampa is a rapidly growing market that has quickly established itself as a leading industrial hub in the Southeast,” Thor Equities chairperson Joe Sitt said in a statement. “As the migration to Florida surges, this acquisition is fitting with our strategy to invest in well-located assets with accessibility to growing populations.”

The properties include a collection of warehouses and distribution facilities north of Tampa International Airport, in the vicinity of Anderson Road between about Hillsborough Avenue and Waters Avenue; plots off Orient and Harney Roads near the Seminole Hard Rock Hotel and Casino; and land in the Palm River area, east of McKay Bay.

The seller, a limited liability company called RS Tampa Industrial, purchased the land from another investment group in 2019 for $28.6 million.

Thor’s worldwide portfolio covers 50 million square feet valued at $20 billion.

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