Stream Realty Partners
M2G Ventures has found a tenant for its redeveloped industrial property at 3101 Pinewood in Arlington in the highly sought-after Great Southwest-Arlington submarket.
Stream Realty Partners announced on Thursday morning that it had executed a lease of the 100,129-square-foot complex — Pinewood — with a “leading-edge technology company” on behalf of M2G Ventures, the North Texas-based real estate, investment, and development company. Stream is a national real estate services, development, and investment company based in Dallas.
The Great Southwest-Arlington area is attracting attention from regional and national tenants. With significant capital improvements, including landscaping and a façade overhaul, a speculative office, and roof and lighting upgrades, M2G Ventures redeveloped the infill logistics facility to meet the demands of today’s modern industrial standards.
The building sat vacant for 10 years prior to M2G Ventures acquiring it in 2021. In just one year, the project is redeveloped and fully leased.
“We are so proud to deliver this urban industrial asset in such a tight submarket,” said Jessica Miller Essl, co-founder of M2G Ventures, in a statement. “And we are thrilled a leading-edge technology company has chosen Pinewood to be their distribution facility.”
Through the end of 2021 and into Q1 2022, the Great Southwest-Arlington submarket remains DFW’s premier market for occupiers because of its accessibility to Dallas and Fort Worth, a strong labor force, and proximity to Dallas Fort Worth International Airport. Record high absorption and historically low vacancy have driven activity in the GSW submarket for high-quality national tenants.
“M2G has been a valued customer who is entrepreneurial and in tune with the ever-changing market dynamics,” said Luke Davis, Stream senior vice President who along with Mike Knudsen represented M2G in the transaction. “With very few land sites left for new development in the Great Southwest-Arlington submarket and some of the highest demand for industrial space in the metroplex, the area’s infill growth is some of the strongest in the country.”