214.207.9016 jay@annandaleco.com

Annandale Sells Two Pennsylvania Truck Stops

January 17, 2012 — Myerstown, PA – Annandale Real Estate announced today it closed the sale of two former Pennsylvania-based All American Truck Stops to Pilot Flying J.  Located at 16-36 Benevenue Road, Duncannon, PA and 2210 Camp Swatara Road, Myerstown, PA, the Truck Stops were sold as part of a Receiver-ordered auction on November 9, 2011 in a deal valued in excess of $5 million.  Annandale partnered with Ziegler Auctioneers, located in Hummelstown, PA, on the transaction. The Clarks Ferry Truck Stop (Duncannon) is situated along heavily traveled Highway 322.  In addition to offering 6-lane diesel fueling and 3 MPDs for gas, the property amenities also include an Iron Kettle Restaurant, Subway, a convenience store, and barbershop on ten acres of land.  Located on Interstate 78 between Harrisburg and Allentown, the Frystown property (Myerstown, is a 56-acre site, only 20 of which is currently being utilized for the Truck Stop.  Currently on-site are an Iron Kettle Restaurant, truck service and repair operation, an 18-room motel, a convenience store, office space and a warehouse. About Annandale Real Estate 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....

Annandale Purchases Former Circuit City in Midland, TX

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....

Annandale Closes Two Multi-family Deals in Dallas

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....

Annandale Sells 30 Former Chevron, Conoco Convenience Stores/Gas Stations

ALBUQUERQUE, New Mexico (September 15, 2011) — In a deal valued at more than $15 million, San Diego-based Trigild Inc. – in tandem with Dallas based brokerage firm Annandale Real Estate — has closed the sale of a portfolio of 30 Albuquerque area gas station/convenience stores once owned by PRP Inc. and operated by Ever-Ready Oil Inc. Trigild, which specializes in loan recovery and management of commercial real estate assets and operating businesses, facilitated the sale with Annandale, who also worked with New Mexico-based Hopkins Real Estate. According to Jay Annand, President of Annandale Real Estate, the stores were sold to two separate regional operators — with one buyer acquiring two of the portfolio locations and the other purchasing the remaining 28 sites.  Located throughout Albuquerque, NM and the surrounding communities, the former Chevron and Conoco-branded properties range in size from 900- to 2,400-square-feet and are situated on half-acre to three-acre parcels. Albuquerque-based Ever-Ready formerly owned and operated 28 Chevron and three Conoco stations. It also had a network of national and proprietary commercial fueling sites and a wholesale division that sold and distributed lubricants and approximately 40 million gallons of wholesale fuels yearly throughout New Mexico. About Annandale Real Estate 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 disposition. About Trigild Headquartered in San Diego with regional offices throughout the country, Trigild has more than 30 years of expertise in...
Annandale Sells Avalon Town Center

Annandale Sells Avalon Town Center

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.  ...
Annandale sells Tomball MarketPlace

Annandale sells Tomball MarketPlace

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.  ...