Thor Equities Continues Industrial Momentum with $31.2M Refinance of River Road Logistics Asset

New York, NY, July 30, 2025 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in real estate development, leasing and management, is pleased to announce the successful refinancing of 24 River Road, a 208,500-square-foot industrial warehouse located in New Jersey, secured by ACRES Capital. The new $31.2 million loan will support Thor's continued leasing and stabilization efforts at the property, which features rare access to the New York, Susquehanna, & Western Railway (NYSW).

Situated just 7.5 miles from New York City, and in close proximity to Newark Liberty International Airport and the Port of Newark, River Road offers a prime last-mile location. The asset features immediate access to I-80, and is within 2.5 miles of major highways including the New Jersey Turnpike, Route 46, and Route 9. Thor has recently completed a series of capital improvements at the site, including the addition of 18 dock-high doors and expanded truck courts, interior work for improved operational layout and tenant flexibility, as well as rail ...