The company behind the 27,000-acre AllianceTexas, Fort Worth-based Hillwood Properties, is building another massive speculative industrial property in the master-planned development.
The company announced Oct. 8 plans for a 1.1-million-square-foot building called Alliance Westport 24. The building will be next door to a 1.2-million-square-foot building now occupied by Georgia-based cable and wire company Southwire.
Alliance Westport 24 will also be near FM 156 and the BNSF Railway Alliance Intermodal Facility. Hillwood plans to break ground this month and complete the building at the end of next year, according to the company. Hillwood is also working on a new road that will lead to the intermodal hub.
Hillwood signed its largest industrial speculative space to Target Corp. in 2022, a 1.24-million-square-foot building at Alliance Center East 1. Reid Goetz, senior vice president of Hillwood overseeing industrial development, said the area has seen unprecedented demand.
“With Westport 24, Hillwood is doubling down on our industrial growth strategy within AllianceTexas and remains committed to attracting best-in-class logistics and manufacturing companies requiring facilities over 1 million square feet,” Goetz said in a statement.
Hillwood states in its announcement that the new building will include 2,700 square feet of office place, LED warehouse lighting, 3,000 amps of power and 20 full-dock packages that will allow a tenant to occupy the building after its constructed. The building will come with around 394 parking spaces and 227 trailer parking spaces, which could be expanded to 564 car parking spaces and 704 parking spaces.
Roanoke, Texas-based RGA Architects is the design firm for the building and Dallas-based Westwood is the civil engineering design firm. Hillwood Construction is the general contractor.
The announcement comes on the heels of the company’s announcement in May of a 766,994-square-foot high-end speculative industrial building, which is expected to be completed next June.
Hillwood Properties has developed and acquired 31 million square feet of industrial space as well as 3.2 million square feet of retail and office and more than 4,000 multifamily units, according to the company. It’s part of Dallas-based Hillwood, the group of real estate companies overseen by Ross Perot Jr.