Thorofare Inks $35M Refi on Hardeeville Commerce Park

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 distribution facility totals 449,280 square feet and is located in Hardeeville, South Carolina, near the Port of Savannah.

Thorofare provided a floating-rate, interest-only senior mortgage loan for the cash-in refinance and lease-up of Gateway Commerce Park. Completed in 2025, the flexible configurations can accommodate tenants ranging from approximately 36,000 to more than 330,000 square feet.

The sponsor is actively marketing the property to warehouse and distribution users as it executes its lease-up strategy. The property is located less than 20 miles from the Port of Savannah, providing access to one of the largest container ports in the United States that houses North America’s largest single-terminal container facility.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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