Major Industrial Expansion: Hillwood's New 1.1 Million-Square-Foot Facility Set to Transform AllianceTexas!

by Bob Francis, Breaking Now News
October 8, 2024

Hillwood is making headlines once again as it embarks on an ambitious new project in AllianceTexas. The real estate powerhouse has announced plans for a staggering 1.1 million-square-foot, Class A speculative industrial building, dubbed Alliance Westport 24. This state-of-the-art facility aims to revolutionize logistics and industrial operations in the region.

What to Expect from Alliance Westport 24

Set to break ground this month, Alliance Westport 24 is more than just another building; it’s a strategic move to meet the soaring demand for industrial space in one of the nation’s top-performing markets. Here’s what you can look forward to:

• Massive Space: The building will span 1.1 million square feet, providing ample room for logistics operations.
• Prime Location: Direct access to FM-156 and the BNSF Railway Alliance Intermodal Facility ensures smooth transportation links.
• Trailer Parking: It will offer the largest number of on-site trailer parking spaces available, accommodating up to 704 trailers.
• Autonomous Trucking: Infrastructure improvements will support Hillwood’s planned Mobility Way, facilitating autonomous trucking in the area.

According to Ross Perot Jr., chairman of Hillwood, all industrial buildings within this development will leverage cutting-edge autonomous trucking technology. This commitment to innovation positions AllianceTexas as a leader in the logistics and manufacturing sectors.

A Hub of Opportunity

Alliance Westport 24 is not just a standalone project; it’s part of a broader vision. It will integrate with AllianceTexas’ extensive transportation infrastructure, which includes:

• AllianceTexas Mobility Innovation Zone
• Perot Field Fort Worth Alliance Airport
• BNSF Railway Alliance Intermodal Facility

Reid Goetz, senior vice president of Hillwood, noted that AllianceTexas has seen remarkable industrial demand, outperforming the entire Chicago market by nearly 20%. “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,” he stated.

Future Developments

This new project follows the recent announcement of another significant facility, Alliance Westport 14, a 766,994-square-foot industrial building already under construction and set for completion in June 2025. Together, these developments form part of Hillwood's ambitious goal to create 3.5 million square feet of industrial space across AllianceTexas.

Furthermore, Hillwood's strategic leases, including a 1.2 million-square-foot facility to Target Corp. and a substantial lease to Southwire for Alliance Westport 25, underscore the growing demand for high-quality industrial spaces in the Dallas-Fort Worth area.

Conclusion

With the launch of Alliance Westport 24, Hillwood is not just building a warehouse; it’s creating a vibrant hub for innovation and efficiency in industrial operations. As the project develops, it will be fascinating to see how this initiative shapes the future of logistics in AllianceTexas.

What do you think?

• Is the shift towards autonomous trucking in industrial settings a positive development for the economy?
• How will large-scale industrial developments impact local communities and the environment?
• Do you believe the demand for industrial space will continue to rise in the coming years?
• Should there be more regulations on the expansion of industrial facilities in urban areas?