M2G Ventures Acquires Six-Building Industrial Park In Lewisville

Fort Worth Business Press, February 11, 2025

Fort Worth based real estate investment and development company, M2G Ventures, in partnership with Austin-based Evergen Equity, acquired the 188,000-square-foot Lewisville 121 multi-tenant industrial park at 1590 and 1620 E. Business Hwy 121 in Lewisville.

Lewisville 121 is a six-building 188,000-square-foot multi-tenant industrial park located on about 11 acres in the Dallas suburb of Lewisville. The property was built between 1991 and 2007 and is 96% leased with one 7,800-square-foot vacancy.

“The property, just off Highway 121, is in a dynamic, highly visible location providing strong connectivity to I-35 and the Dallas North Tollway. With a variety of suite sizes and configurations, Lewisville 121 is well positioned to capitalize on the growth occurring in Dallas’ northern suburbs.” – Brett Zimmerman, Principal, M2G Ventures

Lewisville 121 features 19- to 33-foot clear heights, partial HVAC and ample parking.

M2G’s planned project improvements include exterior paint, canopy modifications, exterior lighting improvements, landscape upgrades and the addition of monument signage, Zimmerman said.

“M2G strives to create places where users want to be. As we look ahead to 2025, M2G continues to focus on its primary investment strategies of acquiring, designing and developing infill industrial and mixed-use assets in supply-constrained locations. We are excited to add this project to our portfolio.” – Jessica Miller Essl, Co-Founder, M2G Ventures

Mac Hall with Stream Realty Partners will lead the leasing efforts. He can be reached at mac.hall@streamrealty.com.

In addition to this transaction, last month, M2G Ventures’ general partner equity fund, Grey Swan I, made its fourth investment since its inception in 2023 with the acquisition of Northgate, a four-building 215,000-square-foot industrial complex at 10202 Miller Road, located off I-635 in Dallas’ Garland submarket.

The Texas-based real estate investment and development company, M2G, announced in September that Grey Swan I acquired its first properties. The fund allows M2G and its investors to execute its best-in-class strategy on a larger, more efficient scale with an agile and opportunistic approach. The fund pursues value-add industrial and mixed-use properties across select growth markets with a primary focus on Texas.

Northgate is around 98% occupied with 10 tenants ranging from 2,000 to 86,000 square feet with one 4,000-square -foot vacancy available.