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Thor Equities secures $43.2M loan to refinance Savannah industrial portfolio
The Ardley Portfolio includes 11 warehouse buildings totaling about 525,000 square feet on 27 acres near the Port of Savannah and Interstate 95.
Thor Equities Group has secured a $43.2 million loan to refinance its Ardley industrial portfolio in Savannah, Georgia, according to Commercial Observer.
BridgeInvest provided the financing through its transitional bridge program for the portfolio, which spans 27 acres and includes 11 warehouse buildings at 25-27 Artley Road.
The logistics space totals roughly 525,000 square feet, and Thor Equities acquired it in 2022 for $49 million.
Commercial Observer reports the properties are about nine miles from the Port of Savannah and less than two miles from Interstate 95, with a tenant mix that includes Thunder Logistics, CRS, and TransRepublica.