Thor Equities Secures $71.7 Million Refinance Loan For Gordon Logistics Center In Adairsville GA
3864 Us Route 41
$71,700,000
$69/SF
Building Size
1,039,018 SF
Asset Type
Industrial
Closing
Nov 6, 2025
AI
The property involved in the transaction is Gordon Logistics Center, an industrial asset located at 3864 Us Route 41 in Adairsville, GA. This facility spans 1,039,018 square feet and is classified as a Class A manufacturing facility. The refinancing transaction was executed for a total of $71,700,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $71,700,000
- Lender: Benefit Street Partners Realty
- Landlord: Thor Equities
- Loan Type: Refinance
- Loan Features: Floating-rate, two-year loan with three one-year extension options
- Brokers Involved: Peter (Pete) Rotchford, Robert (Bobby) Norwood, David Sitt, Christopher "Chris" Pratt, Hamp Gibbs & Streeter Simmons - JLL
JLL Capital Markets played a significant role in arranging the financing for Thor Equities, representing them in this refinancing transaction. The loan provided by Benefit Street Partners Realty is designed to support the operations of the manufacturing facility.
Players
Adairsville Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93