M2G Ventures, a Fort Worth-based real estate investment and development company, announced the closing of eight buildings in the South Stemmons submarket — including Commonwealth Center — in Dallas.
The acquisitions total 207,000 square feet on 11.6 acres in West Brookhollow.
M2G’s strategic value-add approach repositions Class B properties to Class A standards, further maximizing asset value, according to a news release announcing the acquisition. In addition, the company focuses on placemaking, merchandising, and strategic capex investments to create places where users want to be.
“We have seen monumental growth in the first quarter of this year, and M2G Venture’s acquisitions in West Brookhollow are the latest examples of our portfolio’s expansion of high-quality institutional assets,” says Jessica Miller Essl, co-founder of M2G Ventures, in a statement. “The premier asset in the acquisitions is the 113,000-square-foot Commonwealth Business Park which we will redevelop with a full rebrand, total project renovations, storefront upgrades, environmental graphics, and enhanced landscaping.
“In addition, we have closed on two buildings along Woodall Street totaling 95,000 square feet near Commonwealth, one block from our recently completed trophy asset, Proto Park. One of the Woodall buildings is home to Scout Design, a company we are particularly excited to add to our portfolio of high-quality tenants.”
The company said it plans additional announcements in the next 60 days, including more details about Commonwealth Center’s rebrand and design.