Ashley Capital Obtains $90M for Georgia Logistics Park

New York-based Ashley Capital has received a $90.4 million loan to refinance Buildings 3 and 4 at Georgia North Logistics Center in Adairsville, Ga. Affinius Capital provided the funds in a deal brokered by Steve Roth of CBRE.

Completed in 2024, Building 3 spans 1 million square feet. Building 4, comprising just under 500,000 square feet, came online in 2022.

Building 3 features 40-foot clear heights, while Building 4 has a clear height of 36 feet. The facilities include 50-foot by 56-foot column spacing and 195-foot truck courts, as well as a combined 863 car parking spaces and 373 truck parking spaces. There are also a total of 12 drive-in doors and more than 300 dock doors across Buildings 3 and 4.

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Once completed, Georgia North Logistics Center will include four warehouses. The first delivered facility was Building 2 at 769,000 square feet, which opened in 2020. Building 1 would be the property’s biggest facility, totaling 1.1 million square feet. At full build-out, the campus will bring 3.3 million square feet of logistics space to the area.

Located at 300-400 International Parkway, the industrial complex is situated along the I-75 corridor, making it well-positioned for logistic use. The campus is also 2 miles from 41 Logistics Center, another property that was refinanced earlier this year.

Loan originations increase

Commercial and multifamily loan originations were up 66 percent year-over-year in the second quarter of 2025, according to the Mortgage Bankers Association’s Quarterly Survey. The borrowing volume also increased 48 percent over the quarter. Industrial property loans registered a 53 percent uptick over the year and a 102 percent rise from the first quarter of 2025.

In one of the largest second-quarter refinancing deals in the industrial sector, ILPT obtained $1.2 billion for a 101-property portfolio located in mainland U.S. and Hawaii. A six-bank consortium provided the financing.