Stream to manage the 630,000 SF development on behalf of M2G Ventures
FORT WORTH (June 13, 2019) – M2G Ventures adds Class A industrial to its portfolio following a purchase of 55 acres strategically located at I-35 and Golden Triangle in the Alliance Corridor, with 750 feet of frontage on I-35.
According to Susan Gruppi, M2G Ventures co-president, the purchase located at 10705 N. Freeway represents an entry point for the company and an opportunity to innovate via the hybrid/light industrial product.
“This investment furthers our focus on institutional quality product possessing solid fundamentals in an asset class we view as integral to the future,” said Gruppi. “Historically, we have focused on redeveloping industrial in the urban core, and this venture will be the first of many in the Class A industrial space.”
M2G Ventures plans to focus first on new industrial development comprising approximately 41 acres, or about 630,000 square feet, breaking ground in the first quarter of 2020 and scheduled for completion in 2021. The remaining 14 acres will be developed at a later point in time.
“Even the most commoditized aspects of the real estate industry can be innovated,” added Jessica Miller, M2G Ventures co-president. “Our thoughtful view of what the market really wants extends across our entire portfolio with a focus on merchandising, branding and delivering innovative product to a traditional part of the industry.”
HFF facilitated the capitalization of the transaction, and M2G Ventures will work with Stream Realty Partners (Stream) as development manager for the project.
“Stream quickly formed an exceptional working relationship with M2G, and we look forward to assisting in the delivery of much needed innovative space for the targeted industrial tenant size and use,” said J. Cannon Green, partner and managing director of Stream. “Special thanks to Stream’s Fort Worth team, Seth Koschak, managing director, and Forrest Cook, senior associate, for sourcing this opportunity and bringing our development team into this deal.”