GRAND PRAIRIE, TEXAS – April 13, 2023 – M2G Ventures, a North Texas-based real estate investment and development company, sold a three-building, fully leased portfolio totaling more than 445k square feet in Dallas-Fort Worth’s Great Southwest (GSW) submarket to Mavik Capital Management, an opportunistic investment firm.
“The GSW submarket cluster is an irreplaceable infill location with significant barriers to entry and immediate connectivity to DFW’s primary commercial and residential hubs,” said Jessica Miller Essl, co-founder of M2G Ventures. “This high-performing portfolio offered the buyer the rare opportunity to acquire substantial holdings within one of the country’s most robust industrial markets.”
The buyer acquired a 100% occupied portfolio with noteworthy tenants including CAE (a leading-edge technology company), Home Zone/Alpha Furniture and Rent-A-Wheel/Rent-A-Tire.
The GSW portfolio totaling 445,497 square feet on 27.56 acres includes:
· 2895 113th St., Grand Prairie (103,658 SF)
· 3101 Pinewood Dr., Arlington (100,129 SF)
· 2302 W Marshall Dr., Grand Prairie (241,710 SF)
M2G Ventures redeveloped the infill logistics facility at 3101 Pinewood Dr. to meet the demands of today’s modern industrial users. “The building sat vacant for 10 years before M2G acquired it in 2021. The redevelopment included upgrades to the building’s power and truck courts, speculative office additions, a new roof, a facade overhaul, as well as improved landscaping and lighting. It is now fully leased to CAE,” Essl said.
M2G Ventures seeks out well-positioned assets with potential to upgrade and attract quality tenants that will transform into an attractive opportunity for the next owner. Since 2016, the GSW submarket has seen rental rates grow by 30.6%. Meanwhile, vacancy rates are near record lows of 3%, Essl added. The GSW submarket remains DFW’s premiere occupier market for its accessibility to both Dallas and Fort Worth, a strong labor force, a business-friendly environment; and infrastructure providing regional, national, and international connectivity. Record high absorption paired with historically low vacancy have driven aggressive activity in GSW for high-quality, national tenants.
Over the past two years, M2G Ventures acquired and redeveloped more than 2.68 million square feet representing more than $290 million in capitalized value. In 2023, M2G will continue to focus on its primary investment strategies of acquiring and developing infill industrial and mixed-use assets in supply-constrained locations.
The investment sales team of Stephen Bailey and Dustin Volz (formerly with JLL) and, JLL’s Dom Espinosa and Zach Riebe represented the seller.
ABOUT M2G VENTURES
Guided by the company’s purpose to inspire evolution through impact and innovation, M2G Ventures carefully invests in distinctive mixed-use and industrial development projects with a focus on creating places that users want to be. Since its founding in 2014, the fast-growing company has become a leading voice in the industry through a bold strategy anchored by a dedication to innovation. The company’s capstone is a 501(c)(3) focused on changing the way we treat mental illness. The company is a Certified Women-Owned Business based in Fort Worth, Texas. Learn more at www.m2gventures.com.