Following its April 2019 acquisition of land in the Alliance corridor, M2G Ventures has released plans for a 640,000 square-foot, four-building Class A industrial development, located in one of the top-performing industrial markets in Dallas/Fort Worth.
“This project signifies a major step in M2G’s commitment to bringing innovative development to all the asset classes it touches,” said Jessica Miller Essl, M2G Ventures co-president. “We are excited to introduce the development to the North Fort Worth market, and we are even more excited about the overall design and eventual end product.”
Founded in 2014 by identical twin sisters Susan Gruppi and Miller, the company has transacted over $130 million of property, including the redevelopment of a series of midcentury warehouses comprising The Foundry District.
Located at I-35 and Golden Triangle Boulevard at 10705 N. Freeway, North Quarter 35 is surrounded by some of the top logistics companies in the area. It has convenient access to Alliance Airport and a short drive to DFW International Airport.
“North Quarter 35 is strategically positioned on the south side of the Alliance submarket to benefit from the incredible demand the market is witnessing not only in the Alliance submarket but also in the Meacham Fossil Creek submarket,” said Seth Koschak, managing director for Stream Realty Partners. “Larger infill sites with interstate frontage and proximity to an abundance of amenities that allow for this scale of development are simply few and far between.”
Koschak, along with Stream’s Forrest Cook, Vice President, and Brett Carlton, Associate, will lease the project on behalf of M2G Ventures. Stream’s development team lead by Albert Jarrell and Cannon Green were tapped to assist with construction.
FCL is the general contractor, and GSR is the architect.
The contemporary architectural design for the complex includes a combination of cross-dock, rear- and front-load buildings.
The project has broken ground with estimated completion in the fourth quarter of 2020.