Thor Equities Closes $43.25M Loan on Savannah Industrial Portfolio
Thor Equities Group secured $43.25M in financing from BridgeInvest for its Artley Portfolio in Savannah, Georgia.
Thor Equities Group has closed on $43.25 million in new financing from BridgeInvest for the Artley Portfolio, a commercial industrial holding located in Savannah, Georgia, the New York-based real estate firm announced Wednesday.
The transaction underscores continued investor appetite for industrial assets in secondary Sun Belt markets. Savannah, home to one of the busiest container ports on the East Coast, has drawn sustained attention from logistics-focused real estate investors in recent years as supply chains seek alternatives to gateway coastal hubs.
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Thor Equities Group describes itself as a global leader in urban real estate development, leasing, and management. The firm's decision to refinance the Artley Portfolio signals confidence in the longer-term fundamentals of the Savannah industrial market, even as broader commercial real estate credit conditions have tightened.
BridgeInvest, the Miami-based private credit lender, provided the financing. The lender has been active in originating bridge and construction loans across U.S. commercial property sectors, making it a notable counterparty for a portfolio of this scale in a regional market.
Continue reading at GlobeNewswire - Mergers And Acquisitions.
