M2G Ventures Acquires Tuesday Morning's Dallas Headquarters And Industrial Portfolio In Sale-Leaseback Deal
SOLD
Texas
See Similar DealsIndustrial105,000 SF
Sold 01/20/2021
SOLD
M2G Ventures Acquires Tuesday Morning's Dallas Headquarters And Industrial Portfolio In Sale-Leaseback Deal
6250 Lyndon B Johnson Fwy, Dallas, T...
See Similar DealsIndustrial105,000 SF
Sold 01/20/2021
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:105,000 SF
Transaction Type:Sale
The property involved in the transaction is the corporate headquarters of off-price home goods retailer Tuesday Morning, located at 6250 Lyndon B Johnson Fwy, Dallas. The office building spans approximately 105,000 square feet. The overall portfolio acquired by M2G Ventures and Pennybacker Capital LLC includes industrial distribution centers and corporate headquarters, totaling 1.2 million square feet in the Dallas area.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: M2G Ventures
- Seller: Tuesday Morning
- SF: 105,000
- Market: Dallas
- Buyer's Rep: Stephen Williamson (Lee & Associates)
Lee & Associates' Stephen Williamson and Adam Graham represented M2G Ventures and Pennybacker Capital LLC in the transaction with Tuesday Morning. Following the acquisition of the Dallas-area portfolio, M2G Ventures and Pennybacker are evaluating future possibilities for the asset, as it offers significant potential for various uses due to its size and strategic location.
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