SEPTEMBER 22, 2011 — GRANBURY, Texas – Annandale announced today that it has sold Avalon Town Center, a 42,480 square foot neighborhood shopping center situated on 4.6 acres in Granbury, Texas. Built in 2002 just off of State Highway 377, this two story center is located in the heart of Granbury’s primary retail corridor.
“We were pleased to be able to work with JER Partners, now part of C-III Capital Partners, to find the right buyer for this special servicer-ordered sale since it is a neighborhood property,” said Alan Hargrove, Annandale’s Managing Director. The center was purchased by Fort Worth based Western Real Estate Equities. Granbury, the County Seat of Hood County, is best known for its lake, but the city is booming and continues to grow.
Annandale Real Estate (www.annandaleco.com) is a privately owned commercial real estate and advisory company that specializes in small format real estate. Based in Dallas, Texas, Annandale’s veteran management team has decades of experience redeveloping and repositioning projects, including design, engineering construction, financial analysis, project leasing and property disposition.
###