April 20, 2022
M2G Ventures Announces Closing on 8 Buildings in Dallas
By DBJ Staff, Dallas Business Journal, April 19, 2022
Fort Worth-based real estate firm M2G Ventures announced today the closing of eight buildings in the South Stemmons area – including Commonwealth Center, according to a news release.
The acquisitions total 207,000 square feet on 11.6 acres in the West Brookhollow submarket, adjacent to the Design District in Dallas.
According to the release, M2G’s strategic value-add approach repositions Class B properties to Class A standards, further maximizing asset value. In addition, the company focuses on placemaking, merchandising, and strategic capex investments to create places where users want to be.
“We have seen monumental growth in the first quarter of this year, and M2G Venture’s acquisitions in West Brookhollow are the latest examples of our portfolio’s expansion of high-quality institutional assets. 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. In addition, we have closed on two buildings along Woodall Street totaling 95,000 square feet near Commonwealth, one block from our recently completed trophy asset, Proto Park. One of the Woodall buildings is home to Scout Design, a company we are particularly excited to add to our portfolio of high-quality tenants.”Jessica Miller Essl, Co-Founder of M2G Ventures
According to the release, the company plans additional announcements in the next 60 days, including more details about Commonwealth Center’s rebrand and design.