M2G Ventures
PROTO Park, M2G Ventures’ urban industrial redevelopment at 3200 Irving Blvd. in Dallas, is now fully occupied with the 23,874-square-foot lease to Preziosa Stone.
M2G Ventures, a Fort Worth-based real estate investment and development company, acquired the more than 250,000-square-foot warehouse in 2021.
“We saw an opportunity at PROTO Park and through our redevelopment efforts, we have created a first-class urban industrial project with modern design, top-of-the-submarket building specifications, and powerful brand visibility the area had been lacking,” said Jessica Miller Essl, co-founder of M2G Ventures, in a statement.
PROTO Park was transformed from a 1960s brick warehouse into a destination for logistics companies, consumer distribution tenants and e-commerce players. PROTO Park is located three miles from Uptown Dallas, four miles from Dallas Love Field, and five miles from downtown Dallas.
It is situated within the Brookhollow submarket adjacent to Dallas’ Design District, one of DFW’s top industrial market infill locations.
“PROTO Park has a track record of attracting the most discerning, innovative light industrial and logistics users,” said Susan Gruppi Miller, co-founder of M2G Ventures. “Preziosa Stone complements PROTO Park’s incredible tenant mix, Dynasty Distilling, Taxila Stone, and an international aviation group.”
“This development presented us with a great location for our team, as well as our customers, and the showroom space exceeded our expectations,” said Javier Price, executive vice president at Preziosa Stone. “PROTO Park encourages innovation and collaboration; something that can be hard to find in an industrial setting.”
Preziosa Stone was represented by Sheenu George with KW Commercial. M2G was represented by Sarah Ozanne and Lena Pierce with Stream Realty Partners.
Leasing momentum for M2G-developed properties continues with space availability at Archetype (2,500 to 25,500 square feet available) at 3131 Irving Blvd., and Woodall (50,508-square-foot full building opportunity) at 4919 Woodall St., both in the Brookhollow submarket.
M2G has executed almost 50 leases in the past 18 months, representing nearly 1 million square feet in the highly competitive DFW market. M2G has bought, sold or redeveloped more than 2.63 million square feet over the past two years, representing more than $226 million in capitalized value.