{"id":1004740395,"date":"2024-12-12T07:16:07","date_gmt":"2024-12-12T15:16:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004740395"},"modified":"2024-12-12T07:16:09","modified_gmt":"2024-12-12T15:16:09","slug":"m2g-ventures-jv-sells-dfw-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/","title":{"rendered":"M2G Ventures JV Sells DFW Industrial Asset"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"525\" data-attachment-id=\"1004740401\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/14261-inwood-road-m2g\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png\" data-orig-size=\"700,525\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"14261 Inwood Road M2G\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;14261 Inwood Road. Image courtesy of M2G Ventures&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png?w=700\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png\" alt=\"Exterior shot of the industrial building at 14261 Inwood Road in Addison, Texas.\" class=\"wp-image-1004740401\" style=\"width:400px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png 700w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png?resize=300,225 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><figcaption class=\"wp-element-caption\">The building is at 14261 Inwood Road and is part of redeveloped industrial campus totaling 1.1 million square feet. <em>Image courtesy of M2G Ventures<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>M2G Ventures, in partnership with Pennybacker Capital, has sold a 241,004-square-foot industrial building within its Inbound on Inwood redeveloped park in Addison, Texas. The buyer is WareSpace, a Maryland-based provider of micro warehousing space. Rich Young Co. and Lee &amp; Associates worked on behalf of the seller.<\/p>\n\n\n\n<p>The asset is within the Platinum Corridor South submarket of Dallas-Fort Worth, at 14621 Inwood Road. The facility is located on the North parcel of the multi-building industrial park.<\/p>\n\n\n\n<p>The property dates back to 1977 and includes sky lights, an office build-out component, loading doors, dock levelers and bumpers, a large truck court and 58 vehicle parking spots. Sitting on a nearly 10-acre lot, the building is 12 miles from Dallas, 17 miles from Dallas Fort Worth International Airport and within 40 miles of Fort Worth, Texas.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top 5 Markets for Industrial Deliveries<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Currently there are two buildings available for sale within the Inbound on Inwood industrial complex, namely the remaining 731,103-square-foot building at 14303 Inwood Road and the 154,793-square-foot property at 4404 S. Beltwook Parkway.<\/p>\n\n\n\n<p>Back in late 2020, M25 and Pennybacker acquired the 1.1 million-square-foot property from Tuesday Morning. The asset served as its distribution hub and corporate headquarters. The portfolio deal included six properties with industrial, office and retail space that traded at an estimated sale price of $70.3 million, according to CommercialEdge. The <a href=\"https:\/\/www.commercialsearch.com\/news\/tuesday-morning-sells-1-2-msf-dallas-portfolio\/\" target=\"_blank\" rel=\"noreferrer noopener\">sale was completed<\/a> out of a Chapter 11 bankruptcy and closed in early 2021.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-short-history-of-the-redevelopment\">A short history of the redevelopment<\/h2>\n\n\n\n<p>The partnership transformed and upgraded the asset into a modern industrial park, rebranding it into Inbound on Inwood. The redevelopment included major upgrades and capital improvements for both interiors and exteriors.<\/p>\n\n\n\n<p>Rich Young Co.\u2019s President Rich Young Jr. and Principals Adam Graham and Stephen Williamson with Lee &amp; Associates negotiated on behalf of the seller. The same team is marketing for sale the remaining industrial buildings on the 33-acre South parcel of the campus.<\/p>\n\n\n\n<p>Inbound on Inwood is not the only redevelopment project on which M2G Ventures worked together with Pennybacker Capital in the Metroplex. In early 2021, the companies <a href=\"https:\/\/www.commercialsearch.com\/news\/pennybacker-m2g-to-redevelop-dallas-industrial-asset\/\" target=\"_blank\" rel=\"noreferrer noopener\">partnered to redevelop<\/a> a 250,000-square-foot brick warehouse in Dallas into an urban industrial project. After its completion, the project was rebranded as PROTO Park and, <a href=\"https:\/\/www.commercialsearch.com\/news\/m2g-pennybacker-sell-fully-leased-dallas-industrial-park\/\" target=\"_blank\" rel=\"noreferrer noopener\">earlier this year, was sold <\/a>by the owners to The Bendetti Co.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nearly 250,000-square-foot building is part of a redeveloped industrial campus.<\/p>\n","protected":false},"author":2991,"featured_media":1004740401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21748,21783,21742,51973],"tags":[32762,51980,52414],"class_list":["post-1004740395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","category-southwest","tag-lee-associates","tag-m2g-ventures","tag-pennybacker-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M2G Ventures JV Sells DFW Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"M2G Ventures has sold a 241,004-square-foot industrial building within its Inbound on Inwood industrial park in Addison, Texas, to WareSpace.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M2G Ventures JV Sells DFW Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"M2G Ventures has sold a 241,004-square-foot industrial building within its Inbound on Inwood industrial park in Addison, Texas, to WareSpace.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-12T15:16:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T15:16:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"525\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/\",\"name\":\"M2G Ventures JV Sells DFW Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png\",\"datePublished\":\"2024-12-12T15:16:07+00:00\",\"dateModified\":\"2024-12-12T15:16:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"M2G Ventures has sold a 241,004-square-foot industrial building within its Inbound on Inwood industrial park in Addison, Texas, to WareSpace.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png\",\"width\":700,\"height\":525,\"caption\":\"14261 Inwood Road. Image courtesy of M2G Ventures\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"M2G Ventures JV Sells DFW Industrial Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"M2G Ventures JV Sells DFW Industrial Asset - Commercial Property Executive","description":"M2G Ventures has sold a 241,004-square-foot industrial building within its Inbound on Inwood industrial park in Addison, Texas, to WareSpace.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/","og_locale":"en_US","og_type":"article","og_title":"M2G Ventures JV Sells DFW Industrial Asset","og_description":"M2G Ventures has sold a 241,004-square-foot industrial building within its Inbound on Inwood industrial park in Addison, Texas, to WareSpace.","og_url":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-12-12T15:16:07+00:00","article_modified_time":"2024-12-12T15:16:09+00:00","og_image":[{"width":700,"height":525,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png","type":"image\/png"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/","name":"M2G Ventures JV Sells DFW Industrial Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png","datePublished":"2024-12-12T15:16:07+00:00","dateModified":"2024-12-12T15:16:09+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"M2G Ventures has sold a 241,004-square-foot industrial building within its Inbound on Inwood industrial park in Addison, Texas, to WareSpace.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png","width":700,"height":525,"caption":"14261 Inwood Road. Image courtesy of M2G Ventures"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/m2g-ventures-jv-sells-dfw-industrial-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"M2G Ventures JV Sells DFW Industrial Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/14261-Inwood-Road-M2G-e1733925312229.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004740395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004740395"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004740395\/revisions"}],"predecessor-version":[{"id":1004740589,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004740395\/revisions\/1004740589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004740401"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004740395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004740395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004740395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}