November 15, 2011 — DALLAS, Texas – Annandale Real Estate announced today that this week they have closed the sales of the Villa Serena Apartments and Delujo Southwind, both in Dallas, Texas. Villa Serena is a 102-unit apartment community situated on four acres at 2815 Peavy Road. Delujo Southwind Apartments is located at 1301 West Wheatland Road and contains 164 units. Annandale represented the receiver on the sale of Villa Serena and the buyer in a bank REO on the sale of Delujo Southwind.
Annandale Managing Director Hugh Wall facilitated the sale of both properties. “These were distressed assets located in South Dallas that need capital infusion and aggressive management,” explained Wall. “We were pleased to able to find investors who will put the money and time into revitalizing these properties so they can increase the value of neighborhoods that surround them.”
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.