April 21, 2022
M2G Ventures Closes on Eight Buildings in South Stemmons Submarket
By Taysha Billinger, D Magazine, April 21, 2022
M2G Ventures venture further into South Stemmons submarket this week, acquiring eight buildings for an additional 207,000 square feet in its portfolio. M2G’s uses a strategic value-add approach to bring Class B properties up to Class A standards, maximizing asset value.
The transaction includes Commonwealth Business Park, a six-building, light industrial park located at the gateway between the East Brookhollow and Dallas Design District/North Trinity submarkets. With immediate access to I-35E, the assets enjoy market momentum from neighboring Community Beer Co.’s new brewery and taproom and Pegasus Park.
“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