Twitter LinkedIn
    Saturday, April 1
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Real Estate»Fort Worth real estate/development firm and private equity firm acquire over 1M SF of industrial/HQ space
    Real Estate

    Fort Worth real estate/development firm and private equity firm acquire over 1M SF of industrial/HQ space

    January 22, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Fort Worth-based 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, on Jan. 19 announced the purchase of the 1.19 million square-foot industrial distribution facility and corporate store formerly owned by Tuesday Morning. The properties are located at 14303, 14621, 14601, 14639 Inwood Road and 4404 S. Beltwood Pkwy in Farmers Branch.

    The agreement also includes Tuesday Morning’s 105,000 square-foot headquarters, located at 6250 Lyndon B Johnson Freeway, Dallas.

    “We are pleased to partner with Pennybacker to unlock value for Tuesday Morning, while significantly growing our urban industrial portfolio,” said Jessica Miller Essl, co-founder of M2G Ventures. “This transaction is an important milestone in M2G’s history, for Tuesday Morning, and the industrial market, collectively.”

    The 46.7-acre assemblage is located along Inwood Road within the 95% occupied Metropolitan Addison submarket. The site is located less than 20 minutes from both Downtown Dallas and Dallas Fort Worth International Airport. The buildings have clear heights in excess of 26 feet across the portfolio.

    M2G and Pennybacker intend to deploy an innovative, value-add approach to investing in urban infill industrial properties in top DFW submarkets. DFW is the overall fourth largest industrial market nationwide. With this acquisition, M2G has doubled down on its portfolio of urban industrial assets.

    Stephen Williamson and Adam Graham of Lee & Associates represented the partnership on this transaction.

    Source: Fort Worth Business Press

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Comments are closed.

    Other Articles

    QTS Realty Trust Stockholders Approve Acquisition by Blackstone Funds

    August 27, 2021

    Blackstone seals $6bn Home Partners deal

    June 26, 2021

    CVC Mulls Takeover Bid for $10 Billion Pallets Firm Brambles

    May 16, 2022

    CAPZA raises record EUR700m in the final closing of its CAPZA 5 Flex Equity Fund

    May 10, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?