March 29, 2022
M2G Ventures is Projecting a Huge 2022 With Over $1 Billion in the Pipeline
By Spencer Brewer, Dallas Business Journal, March 29, 2022
M2G Ventures swung it out of the ballpark last year, with over $1 billion in development in planning phases throughout North Texas. For 2022, the firm seems to be aiming to outpace its prior success.
The North Texas-based real estate investment and development company acquired and redeveloped about 2.63 million square feet representing over $230 million in capitalized value over the last two years. According to a news release, the company intends to outpace that goal in 2022 and is already on track with several closings to be announced.
The firm specializes in adaptive reuse of mixed-use districts and ground-up and urban industrial development. M2G Ventures has multiple notable projects under its belt, including North Quarter 35 in north Fort Worth and PROTO Park in Dallas. The firm has executed 40 leases in the last 12 months, representing approximately 1.2 million square feet.
The firm also doubled its overall team, adding four senior vice president positions. The officer team is led by 89% women and minority leaders.
“2021 is a year we will always look back upon with great pride. Our team over-delivered on promises made to our partners while finalizing several projects that exceeded expectations. From the completion of Proto Park in West Brookhollow to the lease-up of North Quarter 35 to the historical transformation of Mule Alley and many others, our team always executed with conviction, purpose, and innovation.”Jessica Miller Essl, Co-Founder of M2G Ventures
Last year, the company also completed its work in Mule Alley, the $200 million first phase of development in the historic Fort Worth Stockyards. M2G Ventures served as the exclusive retail partner for the adaptive reuse of the historic horse and mule barns with Stockyards Heritage Development Company. The project is now 96% leased, with several more tenants opening soon.
In an interview with the Business Journal late last year, Miller Essl said in the future, the firm is looking to expand to other growth markets in Texas, such as Austin, San Antonio and Houston. In the future, the firm will continue to focus on adaptive reuse and industrial, but on a grander scale than before. The firm may do a little bit of multifamily, she said.
“We’re just now getting into the time period, I think, where we’re able to show people our unique point of view on real estate.”Jessica Miller Essl, Co-Founder of M2G Ventures