New York investor takes McKinney business park

A New York investor has grabbed a new McKinney business park.

The Core5 Logistics Center at McKinney is an industrial facility on State Highway 5 east of the Central Expressway.

The 65 hectare industrial park is a project by Core5 Industrial Partners based in Atlanta.

Now the development has been acquired by a New York-based subsidiary of Thor Equities, according to the county charter records.

Thor Equities is an international investor with more than $ 20 billion in real estate holdings and offices in London, Paris, Mexico City, New York and Chicago.

Project developer Core5 is a division of Japan-based Kajima Corp., a 170 year old real estate and construction company.

Core5 has built several industrial developments in North Texas.

Last year, Core5 sold two Carrollton warehouse buildings it developed to the Denver-based Black Creek Group.

Dallas-Fort Worth is the country’s leading industrial construction market with more than 30 million square feet of projects under construction.

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