Thor Cos. has expanded to add development, architectural design and consulting to its repertoire of services.

Thor recently reorganized to include Thor Development, Thor Consulting and Thor Design Plus subsidiaries under its umbrella.

Thor, Minnesota’s largest minority-owned business, has built a reputation for its work in general contracting and construction management.

The company recently announced several new hires and promotions to fill executive slots within Thor and its new groups.

“We now have a first-class team in place to move Thor forward as a full-service real estate management company with a particular expertise in connecting clients with emerging communities throughout the United States,” said Ravi Norman, chief executive of Thor, in a statement.

Thor Development hopes to focus on new development projects, particularly in “urban housing, mixed-use and community-based public/private partnership projects,” according to a company release. Thor already serves as the co-master developer for the Upper Harbor Terminal project to re-imagine nearly 50 acres of land along the Mississippi River in north Minneapolis. Thor Consulting provides services such as community engagement and workforce and supply chain diversity management programming. Thor Design Plus is the company’s new architectural design and facilities management arm.

 

Crosstown Corporate Center is sold

The Crosstown Corporate Center office building in Eden Prairie has been sold for more than $8 million.

Missouri-based real estate investment firm Altus Property Investments purchased the nearly 60,000-square-foot, two-story building from an entity associated with TA Realty, a real estate investment management firm headquartered in Boston.

Crosstown Corporate Center is located on Shaky Oak Road near Hwy. 62. CBRE Capital Markets arranged the sale.

 

Nicole Norfleet

 

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