Annandale News

Annandale Brokers Sale of 3 Santa Fe-area Gas Stations

Annandale Real Estate recently brokered the sale of three gas stations in and around Santa Fe, NM for JAKG Petro. Annandale was able to locate under-performing, well located C &Gs with such amenities as car washes, Subways and a to-be-determined restaurant. JAKG Petro acquires leaseholds and fee gas stations in key secondary markets throughout the United States.

Annandale Auctions KFC Restaurants in Michigan

Annandale Real Estate was recently contracted by a special servicer to dispose of two Kentucky Fried Chicken locations in the Detroit, MI market. Annandale, with assistance from local auction house Masterbid, Inc., successfully auctioned the properties allowing the servicer to recoup its losses. Both properties were acquired by one franchisee. In order to complete the sale, Annandale had to coordinate efforts on the part of KFC, the borrower and the servicer.

Sold hotel in Killeen, TX

300 units to a local investor.

AUCTION OF 6 NORTH TEXAS C-STORES SCHEDULED FOR JUNE 28

Annandale will be auctioning off the following North Texas gas stations on Thursday, June 28, 2012 at the Holiday Inn McKinney, 3220 Craig Drive, McKinney, TX beginning at 1:00. The Open House will be held on Thursday, June 7. The link to the schedule is below.

FLIER – ALL PROPERTIES
Open House Schedule

For more information, please contact Jay Annand at jay@annandaleco.com or Alan Hargrove at alan@annandaleco.com or call 214/358-3975.

Annandale Sells Two Pennsylvania Truck Stops

CSPNet.com – Pilot Flying J Buys Two Pa. Truckstops
Reading Eagle.com – Frystown Travel Plaza Sold

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.

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Annandale Purchases former Circuit City in Midland, Texas

CityBiz Real Estate: Haverty’s Takes 28,827 SF in Midland
Mywesttexas.com: Dallas real estate company purchases former Circuit City location
REBusinessOnline.com: ANNANDALE REAL ESTATE BUYS FORMER CIRCUIT CITY

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.

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Annandale Relocates

Annandale announced today that it has relocated its corporate headquarters. The main phone and fax numbers will remain the same, as will email addresses. However, please note that extensions and direct dials have changed.

Annandale Real Estate
16000 Dallas Parkway, Suite 225
Dallas, TX 75248
(214) 358-3975 – Main

Jay Annand
(214) 358-3975, ext. 323
Direct Dial: (214) 239-3682
Cell: (214) 207-9016
jay@annandaleco.com

Rob Exline
(214) 358-3975, ext. 321
Direct Dial: (214) 239-3687
Cell: (214) 850-5570
rob@annandaleco.com

Alan Hargrove
(214) 358-3975, ext. 322
Direct Dial: (214) 239-3680
Cell: (214) 755-4595
alan@annandaleco.com

Sue Hageman
(214) 358-3975, ext. 325
Direct Dial: (214) 239-3681
Cell: (469) 939-7195
shageman.annandale@yahoo.com

Hugh Wall
(214) 358-3975, ext. 324
Direct Dial: (214) 239-3683
Cell: (469 )879-3730
hugh@annandaleco.com

Mary Rosenbleeth
(214) 358-3975, ext. 320
Direct Dial: (214) 239-3686
Cell: (214) 693-0648
mary@rosenbleeth.com

Annandale News

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