AUGUST 25, 2011 — TOMBALL, Texas – Annandale announced today that it has sold Tomball MarketPlace, a 34,918 square foot neighborhood shopping center located in the Houston suburb of Tomball, Texas. The property, which is shadow-anchored by Wal-Mart Supercenter, was built in 2002, renovated in 2009, and offered as a lender-ordered REO sale. JE Robert was the special servicer for the property.
Situated on 3.64 acres at 27620 State Highway 249, Tomball MarketPlace is located in a largely residential area. “We were pleased to be able to work with JE Robert to find the right buyer for this lender-ordered sale since it is a neighborhood property,” said Alan Hargrove, Annandale’s Managing Director.
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 project re-imaging.