The design center is made up of a mix of light industrial, showroom and retail park and is just south of I-35.
DALLAS — A Fort Worth-based real estate investment and development company has purchased a mixed-use property near Dallas’ Design District, as the firm continues a buying spree.
M2G Ventures announced Feb. 27 that it acquired the 740,000-square-foot Inwood Design Center, which includes 14 buildings across 38 acres at 1110 Inwood Road. According to the Dallas Appraisal District, the prior owner was Hines Interest LP, a Houston-based real estate heavyweight.
The design center is made up of a mix of light industrial, showroom and retail park and is just south of I-35. The property is also west of the West Brookhollow submarket, which the company calls one of the metro area’s most established industrial pockets, with 43 million square feet of inventory and a vacancy rate of about 7%.
“IDC provides M2G an opportunity to continue our thematic approach to acquiring infill industrial assets on an institutional scale,” Jessica Miller Essl, co-founder of M2G Ventures, said in a statement.
Major tenants at the Inwood Design Center include Crate & Barrel, White Glove Storage and Delivery, Community Coffee, Neiman Marcus and Granimport USA. The center is 93% leased.
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