Hillwood Targeting Smaller Users with New Industrial Spec at Alliance

During the past couple of years, Hillwood has secured 7 million square feet in leases from new and existing tenants at AllianceTexas, including 1 million-square-foot mega-deals for Amazon.com and LG Electronics. Just last week, it confirmed a lease with UPS at Alliance for 500,000 square feet. Now, the company is going after smaller users, too.

Hillwood announced today that it will build Alliance Gateway 24 and Alliance Gateway 25, two new speculative industrial buildings that will total about 230,000 square feet.

Scheduled for completion in the first quarter of 2015, the facilities will sit at the southeast corner of Park Vista Boulevard and Liberty Way in Fort Worth. Selling points include access to State Highway 170 and BNFS Railway’s Alliance intermodal facility, as well as the triple Freeport tax exemption and Foreign Trade Zone status.

Hillwood is targeting users of 25,000 to 230,000 square feet. AllianceTexas already is home to nearly 400 companies that occupy about 37 million square feet. Tony Creme, vice president of Hillwood Properties, said Gateway 24 and 25 will “offer suppliers and partners of these companies the ability to locate in close proximity to their customers.”

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