M2G Ventures acquired the 14-building 740,000-square-foot Inwood Design Center at 1110 Inwood Road in Dallas.
Spread across a 38-acre site, IDC is a light industrial, showroom and retail park within a one-minute drive south of Interstate 35 and adjacent to the Inwood Road and Irving Boulevard interchange, making it highly visible and accessible from all directions.
To the east of IDC is the Dallas Design District, a trade area experiencing a renaissance driven by creative uses, entertainment outposts and new multifamily, retail and office development. To the west is the West Brookhollow submarket – one of the metro’s most infill and established industrial nodes for last-mile services.
The property’s close location to a variety of demand drivers creates a diverse and robust tenant demand pool. IDC is within three miles of around 20,000 Class-A multifamily units, 17 million square feet of Class-A office, 12 million square feet of retail, 5,000 hotel keys, Dallas Love Field Airport and the Dallas Central Business District.
IDC is 93% leased with major tenants including Crate & Barrel, White Glove Storage and Delivery, Community Coffee, Neiman Marcus and Granimport USA. The West Brookhollow submarket, in particular, is one of the most infill, established industrial nodes in the Metroplex with around 43 million square feet of inventory hovering around a 7% vacancy overall with market rent growth averaging about 7% annually over the trailing five years.
M2G’s planned project improvements include a complete repositioning with an emphasis on branding, art and signage. Among the improvements: upgraded building exteriors and storefronts, enhanced parking, new monument signage and environmental graphics, landscaping upgrades, enhanced lighting and public art throughout.
