Real Estate

Thor Equities quietly marketing chunk of NYC commercial portfolio

therealdeal.comJoe Sitt wants to strike while the iron is still hot.

Thor Equities, Sitt’s development and investment firm, is looking to sell off a sizable chunk of its prime commercial portfolio, The Real Deal has learned. Potential buyers have received set-ups on at least 10 Thor-owned properties over the past three months, sources said.

Properties include 1231 Third Avenue, 494 Broadway, 164 Fifth Avenue, 57-63 Greene Street, 155 Mercer Street and 25 West 39th Street. That’s in addition to the prime Fifth Avenue assets Thor is looking to sell such as 597 Fifth Avenue and 590 Fifth Avenue as well as the retail portion of 530 Fifth Avenue, which it co-owns with General Growth Properties.

Categories: Real Estate

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