Adam Graham and Stephen Williamson broker 1.2m SF Tuesday Morning Sale/Leaseback

Adam Graham and Stephen Williamson broker 1.2m SF Tuesday Morning Sale/Leaseback
(January 19, 2021 – DALLAS, TX) Lee & Associates Dallas/Fort Worth’s Adam Graham and Stephen Williams represented M2G Ventures, a North Texas-based real estate investment and development company, and Pennybacker Capital LLC, a data-driven real estate private equity firm, in their partnership to purchase a 1.19 million square-foot industrial distribution facility and corporate store formerly owned by Tuesday Morning, a national retail chain specializing in domestic and international closeouts, at 14303, 14621, 14601, 14639 Inwood Road and 4404 S. Beltwood Pkwy in Farmers Branch, Texas. The purchase includes Tuesday Morning’s 105,000 square-foot headquarters located at 6250 Lyndon B Johnson Freeway Dallas, Texas.

“This is a landmark acquisition for the Dallas-Fort Worth market and one that will only increase the demand for urban industrial assets. This transaction exemplifies the perseverance and ambition of M2G Ventures and Pennybacker and we could not be more excited to be a part of their continued growth and success,” expressed Stephen Williamson, Director at Lee & Associates Dallas/Fort Worth.
 
Lee & Associates was thrilled to represent this partnership in this relentless pursuit. It was an ideal partnership with the perfect balance of determination, creativity, and experience.  This is an incredibly attractive portfolio due to its boundless opportunities and we look forward to seeing how this changes the landscape of the North Dallas area.