This purchase is part of M2G’s overall strategy to expand its footprint across the state and comes just months after the company tapped Brett Zimmerman to lead its Austin office and drive growth in the Central Texas region. M2G’s strategic value-add approach repositions Class B properties to Class A standards, maximizes asset value, and raises the bar in its respective submarket. In addition, the company focuses on placemaking, merchandising, and thoughtful capital improvements.
“The Austin market is seeing significant demand from industrial manufacturing users, particularly, those who are looking for infill space in this size range,” Zimmerman said. “The convenient location and quality of this property along with plans for growth in the area, make this an incredible opportunity to expand our platform and successful track record in Austin.”
Among the plans for the nearly four-acre property include enhanced landscaping, move-in ready interior offices, storefront upgrades, new signage, painting the building, and extending the truck court, all in order to deliver in-demand, urban industrial space. The large site also allows for abundant parking, and the property is also fully climate controlled with heavy power.
“M2G will extend our strategic value-add approach seen throughout the DFW industrial market and invest significant capital to upgrade the property, which was built in 1983 and last updated about a decade ago. Renovations will offer a refreshed, innovative redevelopment that appeals to modern industrial users,” Zimmerman said.
“This strategy is consistent with what we have completed in several assets in DFW, including one of our flagship investments, Proto Park. We are excited to officially be in Austin with the acquisition of 4806 Commercial Park. This is just the beginning,” said Jessica Miller Essl, the company’s Co-Founder.
Given its location in the path of growth and access to strong demographics, M2G identified this pocket as a target neighborhood for its Austin expansion. The property is a quarter mile from a lighted interchange with US-290, providing access east to Highway 130 and Elgin, and west to I-35 and into the high-income and dense north central Austin neighborhoods. Additionally, the property is about a mile from the Highway 183 connection providing access south to Austin-Bergstrom Airport and north to the fast-growing suburbs of Cedar Park, Leander, and Liberty Hill.