Pennybacker Capital LLC and M2G Ventures have partnered on a 250,000 square-foot urban industrial project at 3200 Irving Blvd. in the West Brookhollow submarket in Dallas. The two Texas-based firms have named the project PROTO Park.
PROTO Park, which will redevelop a 1960s Chicago-style brick warehouse, reportedly will be the first industrial project of its kind in West Brookhollow. With completion expected by late fall 2021, the project aims to attract the most discerning, innovative light industrial and logistics users.
“We are excited to partner with M2G to build a creative, new standard for urban-industrial space in the coveted Dallas-Fort Worth market,” said Thomas Beier, partner and portfolio manager, value funds at Pennybacker. “We named the project PROTO Park because we want it to be a prototype of innovation, where tenants will not have to sacrifice form, function or design to meet their needs.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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