A North Carolina investor that has acquired a number of North Texas properties has snapped up a Fort Price improvement.
Asana Companions purchased The Foundry District, a mixed-use undertaking in Fort Price’s Cultural District.
The 98,000-square-foot property was offered by Fort Price developer and investor M2G Ventures. M2G Ventures bought the property at 200 Carroll St. between 2015 and 2019 and transformed the buildings into showrooms, workplaces and meals and beverage areas.
The redeveloped midcentury warehouses are anchored by Inspiration Alley, an outside artwork gallery.
“The Foundry District is an excellent strategic match for our portfolio of neighborhood mixed-use properties in dynamic areas. This undertaking has a status for bringing the perfect that Fort Price has to supply into one central location, together with artwork, facilities and a compelling mixture of native tenants,” Brad Kantrowitz, director at Asana Companions, mentioned in a press release.
Throughout the previous couple of years, Asana Companions has purchased 43 buildings in Dallas’ Deep Ellum district, extra 400,000 sq. ft of business area in Victory Park and The Hill buying middle in North Dallas.
Cushman & Wakefield’s Chris Harden and Kris Von Hohn brokered The Foundry sale.
“Asana Companions’ observe document of investing in experiential locations like The Foundry District makes them the best possession group for this property,” Susan Gruppi, co-founder of M2G Ventures, mentioned in a press release. “They share the imaginative and prescient we have now for what had been an underutilized industrial pocket that’s now part of Fort Price’s foundational tradition.
“We sit up for watching them proceed to spend money on and construct on the inspiring momentum of the district.”
M2G Ventures has a observe document of repurposing older industrial properties.
The Fort Price industrial property agency purchased a 250,000-square-foot workplace and industrial property at 3200 Irving Blvd. in Dallas and renovated it right into a enterprise middle referred to as Proto Park.