MIAMI — Marcus & Millichap has negotiated the sale of the 998-unit ValGard Self Storage, located at 6820 SW 81st Terrace in Miami. The property will be rebranded as Uncle Bob's Self Storage. Michael Mele of Marcus & Millichap represented Miami-based ValGard Pinecrest, the seller, in the transaction. Peter Weimer of Locke Acquisition Group represented Buffalo, N.Y.-based Sovran Acquisition LP., the buyer.
CORONADO, CALIF. — A 4,343-square-foot retail building in Coronado has sold to Manna Development Company LLC for $3.8 million. Manna is the owner of Panera Bread Company. The property is located 980 Orange Ave. Manna was represented by Don Moser of Retail Insite. The seller, Westcore Properties, was represented by CBRE’s Mike Moser.
ATLANTA — Georgia Realm LLC has acquired the 7,172-square-foot retail component of Realm, a 30-story, mixed-use building located at 3324 Peachtree Road NE in Atlanta, from WN City Center LP. for $1.8 million. The property is fully leased to Buckhead Pizza Co., Jimmy John's and Macon & Co. Salon. Neal Pringle and Mark Cooley of The Shopping Center Group represented the seller in the transaction.
DAVENPORT, FLA. — NorthMarq Capital has arranged first mortgage financing of $26.4 million for the 304-unit Integra Meadows Apartments, located in Davenport. Joel Coykendall of NorthMarq’s Jacksonville, Fla., office arranged the 7-year loan with a 30- year amortization schedule through Freddie Mac.
MADISON — WS Capital Partners has acquired the 474,000-square-foot Hilldale Shopping Center in Madison for $52 million, following a sheriff’s sale. WS Capital acquired the defaulted first and second mortgages earlier this year. The Hilldale Shopping Center opened in 1962 and has been expanded and renovated several times, most recently in 2006. Anchor tenants include Macy’s and Metcalfe’s Market. In 2007, actor Robert Redford selected the center as the home to the first Sundance Cinemas.
PFLUGERVILLE — Tarantino Properties has arranged the sale of the 85,268-square-foot Three Points Plaza, a shopping center located at 2700 W. Pecan St. in Pflugerville. The property is currently 56 percent leased. Nick Tarantino of Tarantino's Austin office represented the seller in the transaction. Steve Portnoy of Carlson Commercial Properties represented the buyer.
FORT WAYNE, IND. — Pyromaniacs Inc., a fireworks retailer, has signed a lease for 2,740 square feet of retail space at 5911 N. Clinton St. in Fort Wayne. Greg Conkling of NAI Harding Dahm represented the tenant in the transaction. He also represented the landlord, Tower Bank and Trust.
CHANTILLY, VA. — Strategic Storage Trust Inc. has acquired an 870-unit self-storage property, located at 14518 Lee Road in Chantilly, for $7.3 million. The property is 93 percent leased. The new facility will be rebranded under the SmartStop Self Storage name.
HUNTSVILLE, ALA. — MCA has acquired the 603,000-square-foot Bridge Street Town Centre, a lifestyle center located in the 4,000-acre Cummings Research Park in Huntsville. Tenants include Bed Bath & Beyond, DSW, Barnes & Noble, ULTA, Toys “R” Us/Babies “R” Us and a 14-screen Monaco Pictures movie theater. Adam Howells and David Disney of UCR Investment Sales represented the seller, O&S Holdings, in the transaction.
RALEIGH, N.C. — Atlanta-based First Fidelity Mortgage Corp. has arranged $240 million in senior secured financing for the 1.35 million-square-foot Crabtree Valley Mall, located in Raleigh. The loan proceeds were used to repay existing maturing debt and fund ongoing capital spending programs. Kell Martin and Richard Booth of First Fidelity secured the 10-year loan through a major life insurance company on behalf of the borrowers, a separate-account client of Clarion Partners and an affiliate of Plaza Associates.