Thor Equities Group successfully refinanced a 208,500-square-foot industrial warehouse in New Jersey with a $31.2 million loan from ACRES Capital. The property, located at 24 River Road, is strategically situated near major transportation hubs like Newark Liberty International Airport and the Port of Newark. The site boasts access to the NYSW railway, making it an ideal last-mile location for tenants. With recent capital improvements, including dock-high doors and expanded truck courts, the property is currently leased to a mix of office and industrial users, like F&T Trucking. This marks Thor’s third successful financing with ACRES Capital in the past year, showcasing the strength of their industrial strategy and international logistics platform.

Read more at GlobeNewswire: Thor Equities Continues Industrial Momentum with $31.2M