Thorofare Inks $35M Refi on Hardeeville Commerce Park
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed industrial deal value tracked in September 2026: $2B across 17 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
Thorofare Capital closed on a $35 million floating-rate senior mortgage loan for the cash-in refinance and lease-up of Gateway Commerce Park. The newly constructed, two-building Class A industrial warehouse and distri…
External link. Real Estate Trail does not republish source content.
Related coverage — Industrial
Prologis Buys JFK Airport Warehouse From Wildflower for $49M
Prologis is taking control of a last-mile logistics facility near Queens’ John F. Kennedy International Airport . The real estate investment trust (REIT), using the entity Prologis Exchange NY 2000 , has purchased the…
FTC pricing FAQs, Tesla plans $1.4M distribution center, EV sales jump
Newly built warehouse near Rickenbacker changes hands for $122M
JLL’s Matt Landek to Lead New Data Center Operations Firm L5 Mission Critical
L5 Mission Critical , a new data center operations and management firm, has tapped Matt Landek as its first president and CEO. Landek previously spent 14 years at JLL , most recently serving as president of its data c…
JE Richards Signs 935,000 SF Industrial Lease in Stafford, Virginia
STAFFORD, VA. — JE Richards, an electrical components manufacturer serving the data center industry, has signed a full-building lease at Capitol Logistics 95, a nearly 935,000-square-foot industrial building in Staffo…
Thorofare Capital Provides $35M Loan for Refinancing of Industrial Property Near Port of Savannah
HARDEEVILLE, S.C. — Thorofare Capital has provided a $35 million loan for the refinancing and lease-up of Gateway Commerce Park, a two-building industrial park near the Port of Savannah. Built in 2025, Gateway Commerc…