MIDLAND, Texas – December 12, 2011 – Dallas-based Annandale Real Estate announced today the purchase of a 29,000 square foot former Circuit City building located at 4110 W. Loop 250 in Midland, Texas. The property, which is located at one of the busiest intersections in Midland, has sat vacant for more than two years.
“Midland’s economy is one of the few in the United States that is booming and this property is located right in the middle of it all,” said Annandale President Jay Annand. “We are excited about our first investment in Midland and plan to continue to pursue opportunities in and around this dynamic community.”
According to the Texas Workforce Commission, in October, 2011, Midland had an unemployment rate of 4.5 percent – the lowest in the state of Texas. There has been growth in all employment sectors, except government. As the city continues to lead the way in job development and more people relocate to the area, the demand for high quality retail will continue to rise. “Annandale hopes to play a major role in that area of growth,” Annand commented.
Annandale Real Estate (www.annandaleco.com) is a privately-owned commercial real estate and advisory company based in Dallas, Texas. Annandale provides a full range of services to clients nationwide, providing exceptional expertise on every aspect of Small Format Real Estate from consulting on re-positioning and value determination to site selection and finish out.