||United States : HFF Announces Refinancing for Wilmington Self Storage Facility
||Holliday Fenoglio Fowler, L.P. (HFF) announces that it has refinanced Go Store It Wilmington, a newly completed, 719-unit self storage facility in Wilmington, North Carolina.
HFF worked on behalf of the borrower, Madison Capital Group, LLC, to place the debt with Union Bank and Trust.
Completed in 2018, Go Store It Wilmington comprises two buildings totaling 77,163 square feet that houses 719 climate-controlled units that average 107 square feet. The Class A property is equipped with state-of-the-art amenities, including a covered unloading area, management office, freight elevators, 24-hour video surveillance, landscaping and security lighting. Situated on 4.84 acres at 7135 Market Street, the self storage property is well positioned to service the Wilmington communities of Landfall, Figure Eight Island, Wrightsville Beach and Ogden.
The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson and director John Gavigan.
We were pleased to be able to assist Madison Capital Group in recapitalizing this asset, Anderson said. Madisons ability to recognize a tremendous site within the market and to deliver a best-in-class product made this deal an attractive refinance opportunity. And as always, Union Bank was tremendous to work with.
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