Hillwood Expands Industrial Portfolio in DFW Region
Hillwood Investment Properties, a company known for its leadership in industrial real estate development and acquisitions, has announced significant strides in its portfolio with three strategic property acquisitions in the Dallas-Fort Worth area. The recent acquisitions encompass four buildings that total an impressive 1,200,000 square feet. This move showcases Hillwood's commitment to enhancing its footprint in key logistics hubs in the region.
First-Class Facilities for Lease
Among the recent acquisitions is 901 Distribution Drive, which totals 334,800 square feet. This Class A facility, constructed in 2023, is fully leased to two tenants, illustrating the strong demand for quality logistics space. This facility is designed with modern capabilities such as 36-foot clear heights, energy-efficient LED lighting, an ESFR sprinkler system, and ample space for truck access and parking, catering to both operational and logistical needs.
Strategic Locations Enhance Appeal
Next on the acquisition list is 1201 Big Town Boulevard, strategically located on the eastern side of Dallas. This expansive facility encompasses 508,500 square feet on a 32-acre lot, boasting six access points and sufficient parking for 500 vehicles. Originally developed by Hillwood in 2007, the facility has become fully leased, reflecting the high demand for well-situated industrial properties that cater to various operational configurations ranging from 60,000 square feet to 250,000 square feet.
Midlothian Business Park: A New Opportunity
The third acquisition, Midlothian Business Park, is particularly exciting as it opens up offerings for businesses seeking premium industrial space in one of the fastest-growing submarkets in the area. This facility adds 344,242 square feet through two newly developed buildings, featuring Class A standards such as clear heights of 28 and 32 feet, LED lighting, and ample parking. With 39% occupancy, the available space of over 210,000 square feet can accommodate varying tenant needs, from 25,000 to 85,000 square feet.
Strategic Growth and Market Demand
Tom Fishman, Executive Vice President at Hillwood, expressed the strategic nature of these acquisitions, stating, "These acquisitions align perfectly with our disciplined approach to identifying high-value opportunities in key logistics corridors. As supply chain dynamics shift, the demand for modern industrial facilities is becoming increasingly evident. Our focus remains on well-located Class A spaces that offer strong infrastructure and accessibility to the workforce."
Business-Friendly Environment in Midlothian
According to Matt Hyman, Senior Vice President and South Central Market Leader at Hillwood, the acquisition of the Midlothian Business Park showcases their forward-thinking strategy. He mentions that this rapidly developing area offers a blend of strategic location, business-friendly regulations, and access to a skilled labor pool. These elements create an ideal environment for tenants to thrive. With the current demand for quality industrial properties, Hillwood aims to provide exceptional spaces to meet market needs.
Contact for Leasing Inquiries
For businesses interested in leasing at Midlothian Business Park, inquiries can be directed to Chad Akabane and Peyton Schlachter for prompt assistance. Their contact details ensure potential clients can easily reach out and explore leasing possibilities.
About Hillwood
Hillwood stands as a leader in the acquisition and development of high-quality industrial properties across North America and Europe. Established on the Perot family's legacy, Hillwood prioritizes quality, innovation, and integrity in its projects. The company has successfully developed or acquired more than 288.3 million square feet in various regions, maintaining a strong reputation in commercial real estate for over 35 years.
Frequently Asked Questions
What recent acquisitions has Hillwood made?
Hillwood has acquired three properties totaling 1.2 million square feet in the Dallas-Fort Worth area.
What features do the new facilities offer?
They boast modern amenities including clear heights, LED lighting, and ample parking space.
What is the significance of the Midlothian Business Park acquisition?
This facility provides an opportunity for businesses in a rapidly growing submarket with high-quality industrial space.
Who can I contact for leasing opportunities at Hillwood properties?
Contact Chad Akabane and Peyton Schlachter for more information on leasing opportunities.
What is Hillwood's reputation in the real estate market?
Hillwood is a trusted name in commercial real estate with over 35 years of experience in property development and acquisition.
