March 30, 2022
Undisclosed Company Signs 377,000-Square-Foot Lease at North Quarter 35 in North Fort Worth
By Spencer Brewer, Dallas Business Journal, March 30, 2022
An undisclosed company has signed a roughly 377,000-square-foot lease in North Quarter 35 as the Alliance Corridor continues to generate blockbuster movements.
Stream Realty Partners executed the lease on behalf of its client, M2G Ventures. The new tenant will occupy two of the four buildings that make up North Quarter 35. Building 1 is located at 10717 North Freeway and Building 2 is at 2709 Graham Cracker Drive.
“With the Alliance submarket leading the area in terms of development and leasing activity, we are looking forward to quickly taking this project to fully leased.”Jessica Miller Essl, co-founder and co-president of M2G Ventures
According to a news release, the project offers shallow bay, rear-load buildings along with a single cross-dock with amenities including 30-foot plus clear height. The four buildings on the North Quarter 35 campus feature a total of 645,000 square feet.
“Speed to market continues to be paramount for users seeking industrial space in Dallas and Fort Worth. North Quarter 35 was built to meet the ever-growing need for state-of-the-art showrooms combined with Class A industrial space. Assets with move-in ready speculative improvements such as office and warehouse lighting are now the norm versus the exception, and this project was prepared to accommodate fast-moving requirements.”Forrest Cook, Senior Vice President at Stream Realty
Earlier this week, M2G Ventures announced it had over $1 billion worth of development in planning stages. The North Texas-based real estate investment and development company specializes in adaptive reuse of mixed-use districts and ground-up and urban industrial development.
M2G Ventures has executed 40 leases in the last 12 months, representing approximately 1.2 million square feet. The company acquired and redeveloped about 2.63 million square feet representing over $230 million in capitalized value over the last two years.
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.
“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 and co-president of M2G Ventures