Investor M2G Ventures grabs eight more Dallas warehouse buildings

Fort Value-based actual property investor M2G Ventures has added to its rising North Texas holdings with the acquisition of two Dallas industrial properties.

Eight buildings are included within the agency’s newest acquisition within the Brookhollow Industrial District northwest of downtown Dallas.

The acquisition close to Stemmons Freeway complete greater than 200,000 sq. toes and are simply the newest constructing buys by M2G in that space.

The acquisitions embody the 6-building Commonwealth Enterprise Park on Woodall Avenue, which is situated between the Dallas Design District and the medical district. M2G additionally purchased two extra workplace and warehouse buildings throughout the road.

The brand new house owners plan to renovate the properties to convey new companies to the realm.

“The premier asset within the acquisitions is the 113,000 square-foot Commonwealth Enterprise Park which we’ll redevelop with a full rebrand, complete venture renovations, storefront upgrades, environmental graphics and enhanced landscaping,” Jessica Miller Essl, co-founder of M2G Ventures, stated in a press release.

The properties M2G bought are in the identical space as the brand new $350 million Pegasus Park medical and life science campus on Stemmons Freeway.

M2G Ventures final yr purchased a 250,000-square-foot workplace and industrial property at 3200 Irving Blvd., which it renovated into a brand new enterprise heart, referred to as Proto Park. Redevelopment of the Nineteen Sixties era industrial advanced was completed in partnership with Austin-based Pennybacker Capital.

Essl stated the investor is in search of further warehouse properties within the Dallas space that may be repurposed. Warehouse and distribution buildings are at the moment the most well liked properties in North Texas, with thousands and thousands of sq. toes of development underway.

“There may be quite a lot of capital chasing industrial,” Essl stated. “We’re actually what we are able to present a novel aggressive benefit to.

“We’ve all the time been drawn to redevelopment,” she stated. “We love outdated buildings and interested by what a person needs and turning it into new life.”

M2G is aiming at greater than $1 billion in further property funding in North Texas, the corporate not too long ago introduced.

Within the final two years, the property agency acquired and redeveloped greater than 2.6 million sq. toes of actual property valued at greater than $230 million.

The true property agency is finest identified for its redevelopment of the Mule Alley mixed-use venture at Fort Value’s historic stockyards.

“For 2022 we’ve obtained our fingers full,” Essl stated. “D-FW has been such an ideal place and the basics are so nice right here.”