Hillwood to Develop 1.1 MSF Facility in Fort Worth
The spec industrial building will be part of a 27,000-acre campus.
This month, Hillwood will break ground on Alliance Westport 24, a 1.1 million-square-foot Class A industrial building in Fort Worth, Texas. Completion is expected in the fourth quarter of next year.
The development team includes designer RGA Architects and civil engineering design firm Westwood, while Hillwood Construction Services serves as general contractor. The speculative facility will rise at the 27,000-acre AllianceTexas campus.
Upon delivery, the cross-dock building will have 40-foot minimum clear heights, 188 dock-high loading doors, four drive-in doors. The property will also feature 60-foot loadings bays, 190-foot truck courts, 394 vehicle parking spaces and up to 704 trailer stalls, as well as infrastructure for electric car and truck charging stations.
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The development will take shape at southeast corner of FM 156 and Future Mobility Way, providing easy access to Interstate 35W. Downtown Fort Worth will be within 20 miles, while the DFW International Airport will be some 23 miles southeast.
Hillwood is also working on the 766,994-square-foot Alliance Westport 14, a development that will come online in June. And, a few months ago, the company completed Alliance Westport 25, a 1.2 million-square-foot building that is fully leased to Southwire. The AllianceTexas master plan currently has 57.8 million square feet of developed commercial real estate space.
Dallas’ industrial pipeline remains steady
Dallas’ under-construction pipeline ranked second nationally at the end of August with 16 million square feet, according to the latest CommercialEdge industrial report. Phoenix remained once again the leading market in the U.S., with almost 37 million square feet underway.
One of the current developments is Core30 Logistics Center, a two-building, 511,000-square-foot campus in Dallas. Crow Holdings Development broke ground on the project in May and delivery is anticipated in the first quarter of next year.
Another large project underway in the metro is Lakeview Business District, a more than 1.8 million-square-foot campus taking shape in Rowlett, Texas. Developed by Jackson-Shaw in partnership with Compatriot Capital, the industrial park will come online some 23 miles from downtown Dallas.
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