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Partnership Acquires Tuesday Morning’s DFW Real Estate
M2G Ventures and Pennybacker Capital LLC acquired Tuesday Morning’s Dallas/Fort Worth-area real estate portfolio as part of the retailer’s exit from Chapter 11 bankruptcy. Terms of the deal weren’t disclosed. Lee & Associates’ Stephen Williamson and Adam Graham represented M2G and Pennybacker.
Included in the acquisition were Tuesday Morning’s 1.19-million-square-foot industrial distribution facility and corporate store at 14303, 14621, 14601, 14639 Inwood Rd. and 4404 S. Beltwood Pkwy. in Farmers Branch. The agreement also includes Tuesday Morning’s 105,000-square-foot headquarters in Dallas.
“We are pleased to partner with Pennybacker to unlock value for Tuesday Morning, while significantly growing our urban industrial portfolio,” said Jessica Miller Essl, co-founder of M2G. “This transaction is an important milestone in M2G’s history, for Tuesday Morning, and the industrial market, collectively.”
The new ownership says the size of the portfolio offers optionality and serves as one of the largest single-market urban industrial plays in recent news.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
