Thor Equities Group is continuing its expansion in the data center space with a new purchase of a site in Georgia.
The facility, located in LaGrange, measures 506,220 square feet. It includes 50 megawatts of power output and can support 100 MVA transformation. Plus, it has water, sewer, natural gas infrastructure, and transformers.
According to a statement by Thor, the data center is ready for "immediate development." The real estate developer targeted LaGrange for its "investment-friendly environment and supportive stance for business growth."
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"This property offers an opportunity to leverage cutting-edge technology and infrastructure to build a data center that will drive innovation in the sector and region," Jack J. Sitt, chief investment officer and executive vice president of Thor North America said.
"We are exploring opportunities for a strategic partnership to develop a state-of-the-art facility and look forward to showcasing our expertise and capabilities."
The move marks Thor's second acquisition in the data center space. The first one occurred in 2022 when it purchased a project called Madrid One in Spain. The data center, still under development, will support over 100MW of IT load, and offer more than 60,000 square meters of space.
For data centers, Thor has created a platform known as Form8tion, which offers products ranging from turnkey data centers to powered land. It also includes a team of experts from major companies including Ark Data Centers, and Google.
Thor has also been expanding its industrial portfolio in New Jersey, with a purchase in Elizabeth and West Deptford. The West Deptford property was purchased for $25.6 million and measures 180,000 square feet.
Along with Georgia, Spain, and New Jersey, Thor operates properties in New York, California, and Illinois.
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Anthony Russo
Anthony Russo has been contributing to GlobeSt. since July 2024. Along with CRE, his financial background expands to capital markets, the economy, and consumer issues. Previously, he has written for CapitalWatch and was a senior reporter for The US Sun.
