President and CEO
Jay Annand has over 28 years of comprehensive experience in all aspects of commercial real estate. His expert knowledge and first-hand experience in negotiating the sale and leases of retail and office structures, has earned him an enviable reputation as an outstanding negotiator who is dedicated to his clients’ needs. Mr. Annand has worked extensively on re-imaging and re-developing shopping centers. His experience includes work in tenant mix, branding, marketing and creating value.
In his career he has sold over half a billion dollars of Commercial Real Estate. Mr. Annand has represented and negotiated leases for the FDIC Corporate Space in Downtown Dallas, other clients include C.S. First Boston, Lehman Brothers, Brown Brothers Harriman and Stephens Investment Bank. He has redeveloped shopping centers for clients such as Mony and Northwestern Mutual, as well as individual clients. On the retail side he has worked with tenants such as Ross, Havertys, 24 Hr Fitness, La Madeleine, Aaron’s, Applebee’s and Baylor.
Prior to the formation of Annandale Real Estate, Mr. Annand served as Senior Vice President at CB Richard Ellis. He also served as Director of Leasing at Insignia/ESG, overseeing a large leasing portfolio of both retail and office space throughout the Southwest. His success earned him the title of Insignia/ESG’s Broker of the year from 1999 to 2002. He has also been in the Dallas Business Journal’s Heavy Hitter list.
Mr. Annand graduated from Southern Methodist University and from the Cox School of Business and holds a Texas Real Estate Broker License. He is a member of both the North Texas Commercial Association of Realtors and International Council of Shopping Centers (ICSC). Mr. Annand is known for his work ethic, attention to detail, and dedication to his clients.
Managing Director – Asset Management and Dispositions, Small Format Retail
Alan Hargrove has over 32 years experience with a diverse real estate background including asset management of commercial real estate properties and commercial loans, portfolio management, asset valuations, due diligence, acquisitions, oversight of leasing and property management companies, investment sales, project leasing, brokerage, and relationship management. Throughout his career, he has successfully managed the acquisition, marketing, leasing and disposition of over 250 commercial properties representing an investment value in excess of $2.0 billion. He has also performed valuations of commercial loan assets with values in excess of $1.2 billion and negotiated the acquisition and/or disposition of over $750 million of investment transactions and loan workouts.
Prior to joining Annandale Real Estate, Mr. Hargrove was responsible for acquisitions, management, marketing and disposition of commercial loans and REO properties for NorthStar Realty Finance, Fortress Investment Group, Cypress Equities, Staubach Financial Services and GE Capital. Prior to GE Capital, he spent 10 years in the brokerage business as a tenant rep broker, land broker and leasing agent.
Mr. Hargrove graduated from Baylor University with a B.B.A. in Finance and Economics. He holds both a Texas Real Estate Brokers license and a Texas Auctioneer license.
Director – Leasing
Rob Exline brings to to the Annandale team more than ten years experience representing both tenants and landlords in leasing office, industrial, and retail space, as well as land brokerage and development. During his tenure at Insignia/ESG and CB Richard Elllis he gained considerable experience representing developers and sellers on selling single tenant and multi tenant retail properties and office buildings for such clients at Dollar General, Family Dollar, and TD Ameritrade, among others. Mr. Exline has represented trustees and banks in the disposition of real estate and valuation of restaurants and businesses for Applebee’s, Bennigan’s and Burger King, as well as other national clients. He has also been involved in multiple sales of double net and triple net assets for developers of Dollar General, Family Dollar, TSC, and various other restaurant and shopping centers.
Mr. Exline earned a Bachelor of Science in Political Science from Southern Methodist University.