Hillwood
Hillwood on Friday announced that it would break ground on Alliance Westport 14, a 766,994-square-foot, Class A, speculative industrial building in the company’s AllianceTexas development.
According to Hillwood officials, the complex will have direct access to Intermodal Parkway, FM 156 and the BNSF Railway Alliance Intermodal Facility, one of the largest intermodal hubs in the country.
Groundbreaking is scheduled for June. Completion is slated for the second quarter of 2025.
In addition to Alliance Westport 14, Hillwood is actively designing an additional 3.5 million square feet of next-generation industrial facilities across AllianceTexas. It will offer Class A space ranging from 200,000 square feet up to 1.2 million square feet.
“We see significant opportunity in this current economic cycle to continue to invest into our industrial platform, particularly in the size range that Alliance Westport 14 offers,” said Reid Goetz, senior vice president of Hillwood, in a statement.
Hillwood
“Despite a broader market slowdown in leasing and development, AllianceTexas continues to see exceptional demand from best-in-class logistics and manufacturing companies, in part due to the multi-modal supply chain transportation options provided by the logistics amenity base here. Alliance Westport 14, along with one of the largest-scale building design initiatives in our history, ensures Hillwood is positioned to accommodate users of any size with next-generation industrial facilities across AllianceTexas.”
Alliance Westport 14 was designed by GSR Andrade Architects and financed by Frost Bank. Westwood provided the building’s civil engineering design, and Hillwood Construction Services will serve as the general contractor for the project.
AllianceTexas, consisting of 27,000 acres, is anchored by the world's first dedicated industrial airport, Perot Field Fort Worth Alliance Airport. AllianceTexas is home to 575 companies that have created more than 66,000 direct jobs and have approximately 58 million square feet of developed commercial real estate assets, according to Hillwood. The development's cumulative impact since 1989 is an estimated $120 billion for the North Texas region.