M2G Ventures, a North Texas–based real estate investment and development company leading through industry disruption, and Pennybacker Capital LLC, a data-driven real estate private equity firm, have purchased the 1.19 million-square-foot industrial distribution facility and corporate store formerly owned by Tuesday Morning, located at 14303, 14621, 14601, 14639 Inwood Road and 4404 S. Beltwood Parkway in Farmers Branch, Texas.
The agreement also includes Tuesday Morning's 105,000-square-foot headquarters, located at 6250 Lyndon B Johnson Freeway in Dallas.
The 46.7-acre assemblage is ideally located along Inwood Road within the 95 percent occupied Metropolitan Addison submarket. The site is located less than 20 minutes from both Downtown Dallas and DFW International Airport, providing access to more than 3.5 million people within a 30-minute drive-time. The buildings have clear heights in excess of 26 feet across the portfolio and are in immediate proximity to afflue
