by Stephen Garner

Global real estate company Thor Equities Group has announced Armani Exchange has signed a long-term lease at Town Square Metepec, a new lifestyle retail and entertainment center in Mexico totaling 1.7 million square-feet.

Located in the residential area of Metepec, one of the fastest growing regions in the State of Mexico, the flagship property features modern architecture, innovative design, and expansive green spaces.

“Town Square Metepec is bringing unique experiences and unrivaled dining and retail options to Mexico, making it the new focal point for entertainment, fashion and design for the entire region,” said Joseph Sitt, chairman of Thor Equities Group.

Additional tenants at Town Square Metepec include Lacoste, Original Penguin, Kipling, Old Navy, Sunglass Hut, Pandora, GNC, Under Armour, and Bimba Y Lola.

Thor Equities Group — comprised of Mexico City-based Thor Urbana, Thor Equities Europe and Thor Equities North America – is launching four new projects in Mexico totaling approximately 7 million square feet in October and November.

The company is also continuing to develop, acquire, reposition and operate commercial, hotel and mixed-use projects in major cities and tourist destinations in Latin America, including the Four Seasons Resort and Residences Caye Chapel, Belize debuting in 2021.

Other Thor projects opening in Mexico over the next two years include Ritz-Carlton, Mexico City, the luxury brand’s first hotel in Mexico City; and The Park San Luis Potosi, a mixed-use lifestyle retail center totaling 1.6 million square feet.