#United States #Dallas #Dallas-Fort Worth #Hillwood Investment #Midlothian Business

Hillwood Expands Its Portfolio in Dallas-Fort Worth

Hillwood Investment Properties, a leading player in industrial real estate development backed by the Perot family, has recently announced a major expansion of its portfolio in the Dallas-Fort Worth area. The company has successfully acquired three properties totaling 1.2 million square feet following a strategic evaluation of market demands and trends in logistics and industrial facilities.

The first acquisition, located at 901 Distribution Drive in Wilmer, Texas, is a Class A warehouse encompassing 334,800 square feet, fully leased to two tenants. This state-of-the-art facility, delivered in 2023, boasts impressive specifications, including a clear height of 36 feet, energy-efficient LED lighting, an ESFR sprinkler system, expansive truck courts, and ample parking for up to 134 vehicles.

The second property, situated at 1201 Big Town Boulevard on the outskirts of Dallas, adds further depth to Hillwood's operations. This 508,500-square-foot cross-dock facility was developed in 2007 and rests on a 32-acre site with multiple entry points and parking for 500 cars. Currently, it is fully occupied, illustrating the strong demand for well-positioned industrial properties in the area.

Midlothian Business Park: A Prime Leasing Opportunity

Among Hillwood's most recent ventures is the Midlothian Business Park, a significant addition to the company's portfolio. This property represents a unique opportunity for businesses seeking high-quality industrial space in one of Dallas-Fort Worth's most rapidly developing submarkets. Comprising two newly developed rear-load buildings, the park features a total of 344,242 square feet, with options ranging from 25,000 to 85,000 square feet available for lease. Currently, the property operates at a 39% occupancy rate, providing approximately 210,000 square feet for prospective tenants.

The buildings exhibit Class A features, including ceiling heights of 28 to 32 feet, efficient LED lighting systems, ESFR technology, and extensive parking options for both cars and trailers. The Midlothian Business Park is strategically connected via major highways, including U.S. 67, U.S. 287, and I-35, granting tenants easy access to critical transportation networks throughout the Dallas-Fort Worth metroplex.

The Strategic Vision of Hillwood

Tom Fishman, the Executive Vice President of Acquisitions and Dispositions at Hillwood, emphasized that these acquisitions align perfectly with the company's disciplined investment strategy. As businesses continue to reconfigure their supply chains, there is a growing demand for modern industrial facilities with top-notch infrastructure and easy workforce accessibility. Hillwood aims to meet this demand through its ongoing investments.

Matt Hyman, the Senior Vice President and South Central Market Leader, expressed enthusiasm for the Midlothian acquisition, stating it embodies their forward-looking approach. He highlighted Midlothian's blend of strategic positioning, business-friendly regulations, and a deep talent pool as pivotal elements fostering tenant success. The timing of their entry into the market is critical, given the heightened demand for quality industrial properties currently prevailing.

Looking Ahead

Hillwood Investment Properties has firmly established itself as a frontrunner in the commercial real estate sector, specializing in the acquisition and development of high-caliber industrial properties across North America and Europe. With over 288.3 million square feet developed or acquired, the company showcases a commitment to excellence and innovation honed over more than 35 years in the industry.

For businesses interested in leasing opportunities at the Midlothian Business Park, inquiries can be directed to Chad Akabane and Peyton Schlachter through their respective contacts provided by Hillwood. As Hillwood continues to grow and expand its footprint across critical logistics corridors, the future looks promising for industrial real estate in the Dallas-Fort Worth area.

Conclusion

With its latest property acquisitions, Hillwood Investment Properties signifies a robust approach to tackling the evolving challenges in industrial real estate markets. As demand surges for modern, well-located spaces, Hillwood’s strategic investments position it as a leader in providing high-quality industrial solutions for current and future market needs.