Real Estate Weekly
Image default
Deals & Dealmakers

Hillwood Launches Nearly 1.7m Square Feet Across Two Speculative Industrial Buildings at AllianceTexas

Hillwood, developer of the 27,000-acre master-planned, mixed-use AllianceTexas development in North Texas, announces two new class A speculative industrial buildings, totaling nearly 1.7 million square feet. Alliance Westport 25 will total 1,076,320 square feet and Alliance Center North 4 will include 615,694 square feet, with anticipated completion in the second and third quarters of 2023. Renderings of both buildings can be located here. Total AllianceTexas industrial development for 2022 will total nearly 4 million square feet.

“As we’ve seen record demand within AllianceTexas, leasing over 8.9 million square feet over the past 18 months, Hillwood is thrilled to announce the next round of state-of-the-art speculative logistics facilities with Alliance Westport 25 and Alliance Center North 4,” said Reid Goetz, senior vice president of Hillwood. “Now more than ever, customers are focused on real estate solutions that provide supply chain reliability, optionality, and if possible, low cost. Each of these buildings have immediate access to some of the most unique transportation logistics infrastructure in our entire market – the BNSF Alliance Intermodal Facility and Interstate 35W.”

Alliance Westport 25 offers a one-of-a-kind location across from the entrance to the BNSF Intermodal Facility. Located directly on the frontage road of State Highway 156, this cross-dock building will have a 40’ clear height, 60’ loading bays, two 190-foot truck courts with land to expand to a third, onsite truck queuing lanes, 504 car parking spaces (expandable to 584) and 233 trailer parking spaces (expandable to 471 spaces).  The 1,200-acre Alliance Westport sector provides over 17 million square feet of developable next-generation distribution facility space and is designed and master-planned to be fully integrated with a smart-infrastructure platform featuring electric and autonomous freight optimization capabilities.

Alliance Center North 4 is located on the corner of Litsey Road and the I-35W frontage road, providing direct and redundant access to I-35W and the full Eagle Parkway/I-35W interchange, via North Beach Street.  Alliance Center North 4 is designed as a cross-dock with the ability to be multi-tenanted, including superior onsite circulation with multiple access drives allowing the full separation of onsite car and truck traffic. The building also offers a 40-foot clear height, 185’ truck courts, 180 car parks (expandable to 487) and 132 trailer parking spaces (expandable to 243). Adjacent to Alliance Park, customers will also have access to more than 160 acres of walkable employee amenities, including access to the Alliance ZIPZONE powered by Trinity Metro, a last-mile, on-demand employee transportation service within AllianceTexas.

Both facilities will benefit from Denton County’s low-cost tax structure and will include speculative tenant improvements constructed with the shell building, including main office space, LED warehouse lighting, warehouse power and dock door packages, allowing a customer to immediately occupy and operate upon building completion. Westport 25 is financed by Citizens and Alliance Center North 4 is financed by Comerica. Both projects will be designed by GSR Andrade Architects, with Peloton Land Solutions providing the building’s civil engineering design and Hillwood Construction Services as the general contractor.

Alliance Westport 25 and Alliance Center North 4 are both located within AllianceTexas’ robust transportation infrastructure platform, which includes the AllianceTexas Mobility Innovation Zone (MIZ), Fort Worth Alliance Airport and BNSF Railway’s Alliance Intermodal Facility. The AllianceTexas MIZ is a first-of-its-kind “do tank,” leading smart infrastructure deployment to create a robust ecosystem for commercializing new technologies across the supply chain. The buildings are also in close proximity to AllianceTexas’ e-commerce network amenities: FedEx Ground Hub, two UPS Ground Sort Hubs, the FedEx Express Southwest Regional Air Hub and Amazon Air Regional Hub.

AllianceTexas continues to be an economic engine powering job growth in North Texas, generating more than 63,000 direct jobs to date. New occupants of Westport 25 and Alliance Center North 4 will have access to a full suite of workforce recruitment, training and retention resources through the Alliance Workforce Center, Tarrant County College’s Corporate Center for Learning & Development, and dedicated Hillwood Workforce & Education Strategic Initiatives representatives.

(Visited 1 times, 1 visits today)

Related posts

Hospitality-Infused Repositioning at 545 Madison Drives Occupancy to 100 Percent with 76,500 SF of New and Extended Leases

REW

Brookfield Properties, Park Tower Group Announce Launch of Leasing at Luxury Brooklyn Waterfront Residential Towers Eagle + West

REW

Newmark Arranges Sale of Net-Leased Medical Office
Building in Los Angeles’ Eagle Rock Neighborhood for
$18.25 Million

REW