Thor Equities acquires first property in Philadelphia totaling 214,000 s/f for $41.8M
Philadelphia, PA — Thor Equities, a global leader in urban real estate development, leasing and management, has closed on the acquisition of a three-story office condominium at 907 Market St. in Philadelphia for $41.8 million. The 214,000 s/f property is fully leased to Health Partners Plans, a not-for-profit health maintenance organization serving more than 280,000 members in Southeastern Pennsylvania. “907 Market St. is a high quality asset located in the heart of Market East, the fastest growing neighborhood in Philadelphia’s burgeoning City Center district,” said Joseph Sitt, CEO of Thor Equities. Retail, residential and office development projects in Market East include Fashion District Philadelphia located directly below the property, as well as East Market and the Lits Brothers Building.