April 18, 2022
Technology Company Leases Arlington Site
By Press Release, Fort Worth Report, April 15, 2022
DALLAS – April 14, 2022 – Stream Realty Partners has executed a 100,129-square-foot lease for a leading-edge technology company at 3101 Pinewood Drive in Arlington, Texas, on behalf of its client, M2G Ventures, a North Texas-based real estate, investment, and development company. Stream is a national real estate services, development, and investment company based in Dallas.
The 100% leased, single-tenant redevelopment project is in the highly sought-after Great Southwest-Arlington submarket–an area that is attracting attention from regional and national tenants. With significant capital improvements including landscaping and a façade overhaul, a speculative office, and roof and lighting upgrades, M2G Ventures redeveloped the infill logistics facility to meet the demands of today’s modern industrial standards. The building sat vacant for 10 years prior to M2G Ventures acquiring it in 2021. In just one year, the project is redeveloped and fully leased.
“We are so proud to deliver this urban industrial asset in such a tight submarket and we are thrilled a leading-edge technology company has chosen Pinewood to be their distribution facility.”Jessica Miller Essl, Co-Founder of M2G Ventures
Through the end of 2021 and into Q1 2022, the Great Southwest-Arlington submarket remains DFW’s premier market for occupiers due to its accessibility to Dallas and Fort Worth, strong labor force, and proximity to Dallas Fort Worth International Airport. Record high absorption and historically low vacancy have driven activity in the GSW submarket for high-quality national tenants.
“M2G has been a valued customer who is entrepreneurial and in tune with the ever-changing market dynamics. With very few land sites left for new development in the Great Southwest-Arlington submarket and some of the highest demand for industrial space in the metroplex, the area’s infill growth is some of the strongest in the country.”Luke Davis, Stream Senior Vice President
Davis and Stream Associate Mike Knudsen represented the landlord, M2G, in the transaction. Steve Koldyke and Brian Gilchrist of CBRE represented the tenant.