Thor Equities Group Sells South Chicago Industrial Properties For $20.2M

Thor Equities Group has recently completed the sale of two industrial properties in South Chicago, marking a significant 80% increase in the acquisition price since 2021. The properties located at 2750 West 35th Street and 2940 West 36th Street were sold for a total of $20,200,000. Covering an expansive area of 13.3 acres, these industrial assets are situated in a prime location within the bustling market of Chicago.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,200,000
• Address: 2750 West 35th Street & 2940 West 36th Street
• Market: Chicago
• Acreage: 13.3 acres

This sale exemplifies the robust demand within Chicago's industrial sector, where logistics assets continue to attract buyers despite a recent slowdown in warehouse leasing. The significant increase in the sale price compared to the acquisition price highlights the strong market conditions and the desirability of these sought-after properties.