Thor Equities Group welcomes White Castle to Coney Island

NEW YORK, Aug. 02, 2022 (GLOBE NEWSWIRE) — Thor Equities Group, a global leader in the development, leasing and management of urban real estate, announced today that it has entered into a lease with America’s first fast-food hamburger chain White Castle has signed , at Coney Island. Known as “America’s Playground”, Coney Island has been a favorite destination for New Yorkers and tourists for many generations.

Across from one of Coney Island’s most famous landmarks, Nathan’s Famous Hot Dogs, White Castle will occupy 2,300 square feet and span 25 feet on Stillwell Avenue. Just steps from Luna Park and the highly anticipated new rides under development, White Castle will benefit from significant foot traffic and be a popular stop on busy Stillwell Avenue. Co-tenants on the property include trendy candy store IT’SUGAR and Cajun-inspired eatery Crab Du Jour. Approximately 2,300 square feet of retail space remains available at 1315 Stillwell Avenue.

“White Castle is an exciting addition to Coney Island. We are pleased that they have chosen our property and are confident they will do very well in their new outpost,” said Jack J. Sitt, Executive Vice President, Thor Equities Group.

Thor Equities has been actively expanding its logistics platform in recent weeks with acquisitions in Los Angeles and Savannah. Over the past year, Thor has acquired a mix of quality industrial, development and remote warehouse properties in Atlanta, Dallas, Northern New Jersey, Philadelphia and Chicago. Abroad, Thor has recently sold a collection of prime industrial assets in Spain, France and the Netherlands and has been particularly active in building its Spanish logistics portfolio. Last month, Thor launched its newest company, Thor Digital, a division specializing in the acquisition and development of data centers across Europe with an equity commitment of up to $3 billion and a target of $9 billion in acquisition value .

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