{"id":1004749044,"date":"2025-02-28T05:16:59","date_gmt":"2025-02-28T13:16:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004749044"},"modified":"2025-02-28T05:17:01","modified_gmt":"2025-02-28T13:17:01","slug":"hines-sells-dallas-mixed-use-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-asset\/","title":{"rendered":"Hines Sells Dallas Mixed-Use Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<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\/2025\/02\/Inwood-Design-Center-M2G.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"909\" height=\"682\" data-attachment-id=\"1004749045\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-asset\/inwood-design-center-m2g\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg\" data-orig-size=\"909,682\" 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=\"Inwood-Design-Center-M2G\" data-image-description=\"&lt;p&gt;Property at 1110 Inwood Road, Dallas&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Inwood Design Center\u2019s 14 buildings debuted between 1961 and 1978. Image courtesy of M2G Ventures&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg?w=909\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg\" alt=\"Aerial shot of Inwood Design Center, a mixed-use property including retail and industrial space in Dallas\" class=\"wp-image-1004749045\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg 909w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 909px) 100vw, 909px\" \/><\/a><figcaption class=\"wp-element-caption\">Inwood Design Center\u2019s 14 buildings debuted between 1961 and 1978.<em> Image courtesy of M2G Ventures<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>M2G Ventures has purchased Inwood Design Center, a 14-building, 740,000-square-foot, mixed-use asset in Dallas including retail, showroom and light industrial space. Hines previously owned the park, according to CommercialEdge information.<\/p>\n\n\n\n<p>Hines had acquired the campus in 2019 from Vantage Cos., with plans at the time to reposition the property through a revamp to the buildings\u2019 facade, signage, lighting and landscaping. Two years later, the park became subject to a $44 million note with a maturity date set for 2027 issued by AIG, the same source shows.<\/p>\n\n\n\n<p>M2G also plans to further improve the park with overhauls to the branding, art and signage, including upgraded exteriors, storefronts, parking, landscaping, lighting and public art, among other enhancements.<\/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\/why-mixed-use-developments-are-all-about-the-right-synergies\/\">Why Mixed-Use Developments Are All About the Right Synergies<\/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>The buildings\u2014completed between 1961 and 1978\u2014were 93 percent leased at closing. Tenants include furniture retailer Crate &amp; Barrel, logistics company White Glove Storage and Delivery, as well as 3PL firm Granimport USA, to name a few.<\/p>\n\n\n\n<p>Located on 38 acres at 1110 Inwood Road, the infill mixed-use property is less than 5 miles from downtown Dallas and roughly 15 miles southeast of the Dallas Fort Worth International Airport.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bullish-on-the-west-brookhollow-submarket\">Bullish on the West Brookhollow submarket<\/h2>\n\n\n\n<p>Inwood Design Center is in the West Brookhollow submarket, which has a 7 percent vacancy rate across its 43 million-square-foot industrial inventory and a 7 percent average annual rent growth trailing five years.<\/p>\n\n\n\n<p>Also within the same submarket, M2G owns Archetype, another mixed-use property featuring flex, showroom, retail and <a href=\"https:\/\/www.commercialsearch.com\/news\/shallow-bay-industrials-deep-future\/\">shallow-bay industrial<\/a> space. The company overhauled the park\u2019s six buildings with a series of renovations similar to the ones planned for Inwood Design Center.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-m2g-leans-into-infill-acquisitions\">M2G leans into infill acquisitions<\/h2>\n\n\n\n<p>Inwood Design Center\u2019s acquisition delineates M2G\u2019s continuous approach to acquire<a href=\"https:\/\/www.commercialsearch.com\/news\/why-light-industrial-properties-will-continue-to-shine\/\"> infill industrial properties<\/a> on an institutional scale, according to a company statement.<\/p>\n\n\n\n<p>This purchase is also the latest in M2G&#8217;s shopping spree. During the past three months, the company acquired a 50,000-square-foot, mixed-use asset in Austin, Texas, and two industrial parks in Dallas, encompassing 188,000 and 215,000 square feet. The purchases were made through M2G Venture\u2019s general partner equity fund, Grey Swan I.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inwood Design Center\u2019s new owner plans to reposition the property. <\/p>\n","protected":false},"author":3471,"featured_media":1004749045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21783,21752,21742,51973],"tags":[49843,38356,51980],"class_list":["post-1004749044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-mixed-use","category-latest","category-southwest","tag-aig","tag-hines-interests","tag-m2g-ventures"],"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>Hines Sells Dallas Mixed-Use Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"M2G Ventures bought Hines Interests&#039; Inwood Design Center, a mixed-use, retail, showroom and light industrial asset in Dallas.\" \/>\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\/hines-sells-dallas-mixed-use-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Sells Dallas Mixed-Use Asset\" \/>\n<meta property=\"og:description\" content=\"M2G Ventures bought Hines Interests&#039; Inwood Design Center, a mixed-use, retail, showroom and light industrial asset in Dallas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-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=\"2025-02-28T13:16:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T13:17:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"909\" \/>\n\t<meta property=\"og:image:height\" content=\"682\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\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\/hines-sells-dallas-mixed-use-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-asset\/\",\"name\":\"Hines Sells Dallas Mixed-Use Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg\",\"datePublished\":\"2025-02-28T13:16:59+00:00\",\"dateModified\":\"2025-02-28T13:17:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"M2G Ventures bought Hines Interests' Inwood Design Center, a mixed-use, retail, showroom and light industrial asset in Dallas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-sells-dallas-mixed-use-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Inwood-Design-Center-M2G.jpg\",\"width\":909,\"height\":682,\"caption\":\"Inwood Design Center\u2019s 14 buildings debuted between 1961 and 1978. 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