Sales that meet Reis’ criteria have been minimal. The two small deals that closed during the second quarter for a combined total of $5.2 million ($236 psf) were the first since the second quarter of 2011. The mean cap rate for the two was 6.8%. In the quarter’s largest transaction, Pastime Amusement Company paid WPB LLC $3.0 million ($194 psf) for a 15,439-square-foot property on Wando Park Boulevard in Mount Pleasant.