Ross Perot Jr.’s Hillwood is adding to what’s already one of the largest business hubs in Texas.
The Dallas-based firm has started construction on two industrial buildings at AllianceTexas, a 27,000-acre complex in North Fort Worth with more than 53 million square feet of office, retail and industrial space, the Dallas Morning News reported.
The speculative warehouse projects will total almost half a million square feet, located in the Alliance Center East business park along the Interstate 35W corridor. The buildings, designed by RGA Architects and financed by Inwood Bank, are slated to be completed early next year.
“There is continued market demand for spaces up to 225,000 square feet, particularly for manufacturers, third-party warehouse firms and e-commerce companies,” Hillwood’s Reid Goetz told the outlet.
Hillwood scored a massive leasing commitment from Southwire, a wire and cable manufacturer, last year. The firm agreed to occupy a more than 1 million-square-foot building at the site.
AllianceTexas has generated an estimated $111 billion in economic impact, housing over 560 companies and creating roughly 66,000 jobs, according to its website. Notable companies at the site include Amazon, FedEx and CEVA Logistics.
Dallas-Fort Worth’s industrial sector continues to thrive. The region leads the nation with more than 70 million square feet of industrial space in the pipeline.
—Quinn Donoghue
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