Thor Equities has significantly expanded its industrial holdings in New Jersey with the acquisition of Middlebrook Crossroads in Bridgewater for $111 million. The 18-building complex, spanning 580,227 square feet across 38.6 acres, is strategically located along Chimney Rock Road between Route 22 and Interstate 287. This prime location has made it home to major tenants like UPS and Lexus.
The deal comes just under three years after Lovett Industrial purchased the complex. Cushman & Wakefield, which brokered the previous transaction, also handled the recent sale.
Thor Equities, based in Manhattan, also owns several other industrial properties in New Jersey, including a 11,500-square-foot site in Elizabeth and a 330,000-square-foot warehouse in Passaic.
