1165 Broadway Acquired by Thor Equities — real-estate-services M&A

Thor Equities has acquired 1165 Broadway, a 58,000-square-foot mixed-use office and retail property in Manhattan’s NoMad district, for $56 million. The transaction adds a fully occupied asset located between 27th and 28th Streets to Thor’s portfolio, with the building originally designed by Charles Mellon in 1867 and historically known as the Coleman House Hotel. The property is 100% leased to a mix of creative office and retail tenants, including Christian Louboutin, Aesop, and Joe & The Juice.

The deal reflects Thor Equities’ strategy of targeting “trophy” real estate in high-demand New York submarkets where limited new supply and strong tenant demand can support long-term performance. NoMad’s established appeal to both premium retail and creative office users, along with the asset’s visibility and transit access near Madison Square Park, positions 1165 Broadway as a core holding within the firm’s broader real estate services and asset management platform.

While the announcement does not specify financing structure or closing timing, the purchase price places the transaction in the $50 million to $100 million range cited for the deal. Thor also highlighted recent activity in nearby neighborhoods, including a $16 million refinancing at 139 Fifth Avenue in Flatiron, underscoring its continued focus on Manhattan’s office-and-retail corridors.