April 14, 2023
New York Investor Grabs Three DFW Industrial Properties
By Steve Brown, Dallas Morning News, April 14, 2023
M2G Ventures sold the buildings in Grand Prairie and Arlington.
A Fort Worth-based investor has sold three industrial buildings in Grand Prairie and Arlington.
M2G Ventures acquired and upgraded the three properties, which are fully leased. The buildings are at 2895 113th St. and 2302 W Marshall Dr. in Grand Prairie and at 3101 Pinewood Dr. in Arlington. All are in the Great Southwest Industrial District.
“This high-performing portfolio offered the buyer the rare opportunity to acquire substantial holdings within one of the country’s most robust industrial markets.” – Jessica Miller Essl, co-founder of M2G Ventures
Tenants in the buildings include technology company CAE, Home Zone/Alpha Furniture and Rent-A-Wheel/Rent-A-Tire.
M2G Ventures purchased the building on Pinewood Drive and rebuilt it with a new exterior and interior upgrades. “The building sat vacant for 10 years before M2G acquired it in 2021,” Essl said.
The office and warehouse properties sold to New York-based Mavik Capital Management, an opportunistic investment firm. Terms of the transactions were not disclosed.
The investment sales team of Jones Lang LaSalle’s Stephen Bailey, Dustin Volz, Dom Espinosa and Zach Riebe brokered the sale.
M2G Ventures acquired and redeveloped more than 2.68 million square feet of properties in North Texas.