NEW YORK CITY, Nov. 5, 2025 –  JLL Capital Markets announced today it secured $71.7 million refinancing for Gordon Logistics Center, a 1,039,018 square-foot, Class A advanced manufacturing facility in Adairsville, Georgia.

JLL worked on behalf of the borrower, Thor Equities, to secure a floating-rate, two-year loan (with three, one-year extension options) through Benefit Street Partners.

The property is a state-of-the-art manufacturing facility with top-of-the-line specifications and heavy utility infrastructure. Delivered in 2023, Gordon Logistics Center features 40-foot clear heights, 179 dock high doors, four drive-in doors, 200 trailer spaces (expandable to 306), 393 auto spaces (expandable to 567), a 185-foot truck court depth and 5,095 square feet of built out office space.

Gordon Logistics Center sits in a key industrial location servicing the Northwest Georgia I-75 corridor, the state's largest freight corridor. The property is well located for a variety of manufacturing and distribution focused tenants given its proximity to multiple residential nodes and connection to Atlanta, Chattanooga and the Appalachian Regional Port (direct rail connection with Port of Savannah).

The JLL Debt Advisory team was led by Senior Managing Director Peter Rotchford, Managing Director Bobby Norwood, Senior Director David Sitt, Director Christopher Pratt, Associate Hamp Gibbs and Analyst Streeter Simmons.

“This submarket was unlocked a few years ago when the county enacted the freeport inventory tax exemption. Development has been vigorous, and tenant demand is matching it thanks to the strategic location and deep, reliable labor pool,” said Norwood. “This, coupled with the lower number of groundbreakings over the past two years, will lead to success for the property in the coming years.”

“The refinancing of Gordon Logistics Center reflects Thor’s ongoing commitment to developing and managing high-performing assets that deliver long-term value for our partners and investors,” added Joe Sitt, Chairman of Thor Equities Group. “Industrial demand across the Southeast remains exceptionally strong and we look forward to further expanding our platform.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Thor Equities is a leader in the development, leasing and management of industrial, laboratory, residential, office, hotel and mixed-use assets in premier locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 20 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.