M2G Ventures Sells Portion of 1.1M-Square-Foot Redevelopment

By Aayush Gupta, Dallas Business Journal, December 11, 2024

The real estate firm spearheading a 1.1 million-square-foot redevelopment near the Dallas North Tollway and I-635 has sold a portion of the project to a Maryland-based warehousing company.

M2G Ventures LLC on Dec. 10 sold a little more than 241,000 square feet to WareSpace, a provider of micro warehouse spaces for e-commerce companies and entrepreneurs.

That will deliver fresh returns for M2G at the multi-building property, a former Tuesday Morning distribution center off Inwood Road near the border of Addison and Farmers Branch.

Rich Young Jr. of Rich Young Company and Adam Graham and Stephen Williamson of Lee & Associates represented M2G Ventures in the sale. Financial terms of the deal were not disclosed.

About 885,000 square feet of space across 33 acres is still available for sale. The buildings are located at 14303 Inwood Road and 4400 and 4404 S. Beltwood Parkway in Farmers Branch. It’s an industrial area off the tollway but located near some affluent neighborhoods as well as venues like Brookhaven County Club and the Galleria Dallas shopping district.

Fort Worth-baed M2G Ventures bought the site in 2020 and unveiled a vision for a modern industrial campus called Inbound on Inwood, or IOI. The firm began significant renovations including new paint and signage, exterior lighting upgrades, a resurfaced parking lot and truck court and enhanced landscaping, according to the sale announcement.

Susan Miller, co-founder of M2G Ventures, believes the site is one of the “most visible and easily accessible industrial locations” in the Dallas-Fort Worth metro.

“When we acquired IOI, we recognized the location’s possibilities, and we strategically crafted the name because inbound means to move forward or toward a center. It underscores the site’s geographical advantage, positioning businesses for optimal accessibility and connectivity.” – Susan Miller, Co-Founder, M2G Ventures

WareSpace selected the location for its convenient access to the Dallas North Tollway. Its business model is similar to that of FlexEtc, a Los Angeles-based warehousing firm that invested $16.5 million to convert a former call center in Plano into a co-warehousing facility. Both companies aim to create smaller industrial spaces that can be rented by small business and entrepreneurs.

Since 2021, M2G Ventures has purchased and transformed more than 2.68 million square feet, totaling more than $290 million in value. Last year, the firm sold three buildings in Grand Prairie and Arlington to Mavik Capital Management, a New York-based opportunistic investment firm.