M2G Ventures Acquires Inwood Design Center In Dallas From Hines For Mixed-use Development
1110 Inwood Road
Building Size
740,000 SF
Asset Type
Mixed-use
Closing
Feb 28, 2025
AI
The Inwood Design Center is a mixed-use property located at 1110 Inwood Road in Dallas, featuring a total square footage of 740,000. This asset consists of 14 buildings and is currently 93% leased to tenants including Crate & Barrel and White Glove Storage. The property was previously owned by Hines, which acquired it in 2019 with intentions for renovations. M2G Ventures is the new owner and plans to enhance the park through improvements to branding, art, signage, and infrastructure.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 1110 Inwood Road
- Market: Dallas
- Buyer: Susan Miller Gruppi - M2G Ventures
- Seller: Laura Hines-Pierce - Hines
Susan Miller Gruppi represented M2G Ventures in this transaction, while Laura Hines-Pierce represented Hines. The transfer of ownership marks a strategic shift as M2G Ventures aims to implement enhancements to the property that may bolster its appeal and functionality.
Players
Dallas Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93