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. “Madison’s 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.”
About Madison Capital Group, LLC
Madison Capital Group, LLC is a private investment and advisory firm based in Charlotte, North Carolina, and Charleston, South Carolina, that invests in real estate and private equity opportunities. Visit https://madisoncapgroup.com to learn more.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
