April 20, 2022
Investor M2G Ventures Grabs Eight More Dallas Warehouse Buildings
Fort Worth property firm is ramping up its acquisitions in North Texas.
By Steve Brown, Dallas Morning News, April 19, 2022
Fort Worth-based real estate investor M2G Ventures has added to its growing North Texas holdings with the purchase of two Dallas industrial properties.
Eight buildings are included in the firm’s latest acquisition in the Brookhollow Industrial District northwest of downtown Dallas.
The purchases near Stemmons Freeway total more than 200,000 square feet and are just the latest building buys by M2G in that area.
The acquisitions include the six-building Commonwealth Business Park on Woodall Street, which is located between the Dallas Design District and the medical district. M2G also bought two more office and warehouse buildings across the street.
The new owners plan to renovate the properties to bring new businesses to the area.
“The premier asset in the acquisitions is the 113,000-square-foot Commonwealth Business Park. which we will redevelop with a full rebrand, total project renovations, storefront upgrades, environmental graphics and enhanced landscaping.”Jessica Miller Essl, Co-Founder of M2G Ventures
The properties M2G purchased are in the same area as the new $350 million Pegasus Park medical and life science campus on Stemmons Freeway.
M2G Ventures bought a 250,000-square-foot office and industrial property at 3200 Irving Blvd. last year that it renovated into a new business center called Proto Park.
Essl said the investor is looking for additional warehouse properties in the Dallas area that can be repurposed. Warehouse and distribution buildings are currently the hottest properties in North Texas, with millions of square feet of construction underway.
“There is a lot of capital chasing industrial. We are really looking at what we can provide a unique competitive advantage to. We’ve always been drawn to redevelopment. We love looking at old buildings and thinking about what a user wants and turning it into new life.”Jessica Miller Essl, Co-Founder of M2G Ventures
M2G is aiming at more than $1 billion in additional property investment in North Texas, the company recently announced.
In the last two years, the property firm acquired and redeveloped more than 2.6 million square feet of real estate valued at more than $230 million.
The real estate firm is best known for its participation in the redevelopment of the Mule Alley mixed-use project at Fort Worth’s historic stockyards.
“For 2022, we’ve got our hands full. D-FW has been such a great place, and the fundamentals are so great here.”Jessica Miller Essl, Co-Founder of M2G Ventures