Thor Equities Lands $43.25M Loan for 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 its Artley Portfolio, a collection of industrial properties in Savannah, Georgia, the New York-based real estate firm announced Wednesday.
The deal underscores continued lender appetite for industrial assets in secondary Sun Belt markets, where port-driven logistics demand has kept vacancy rates tight. Savannah, home to the Port of Savannah — one of the busiest container terminals on the East Coast — has attracted sustained industrial investment from national developers in recent years.
Read more NeuroOne Joins Dartmouth Team on $1M NIH Neurotransmitter Grant →
Thor Equities Group describes itself as a global leader in urban real estate development, leasing, and management, with a portfolio spanning major markets across the United States and internationally. The Artley Portfolio financing adds to the firm's footprint in the Southeast logistics corridor.
The transaction reflects broader momentum in industrial real estate lending, even as higher interest rates have tempered deal volume in other commercial property sectors. Bridge lenders such as BridgeInvest have stepped in to fill financing gaps as traditional banks have pulled back from commercial real estate exposure.
Continue reading at GlobeNewswire - Mergers And Acquisitions.