Thor Spot

Thor Equities (New York) has acquired Tri-County Mall, a 1.3-million-square-foot super-regional center in Springdale, Ohio, a suburb north of Cincinnati.

Thor paid $180 million for the property, anchored by Lazarus-Macy’s, Dillard’s, Sears and JCPenney. The company said it plans to invest $15 million toward improvements at the mall, presently Thor Equities’ largest retail asset.

“We are proud to add Tri-County Mall to our growing, national portfolio of retail properties,” said Thor ceo Joseph Sitt. “While building customer loyalty by offering the highest-quality shopping experience, our formula for success also includes forging strong relationships with tenants and with the community at large.”

Tri-County Mall attracts customer traffic through three major interstate roads.

“With excellent location and a top-notch tenant mix, Tri-County Mall is one of greater Cincinnati’s most popular shopping destinations,” said Sitt. “Thor Equities is prepared to invest in this property to ensure that it lives up to its full potential as a preeminent retail center.”

Sitt first gained national prominence as founder of Ashley Stewart Ltd. (London), an upscale, ladies’ plus-size apparel chain serving the African-American market.