FORT WORTH, Texas (April 27, 2010) – Hillwood has renewed leases for more than 3 million square feet at its AllianceTexas development over the past year. The renewals, many of which were with industry leading companies, also retained close to 3,900 jobs.
“While new deals tend to attract the most attention, renewals are just as important because they maintain the vitality of the development and show that existing companies are successful here,” said Bill Burton, senior vice president of Hillwood Properties, the developer and manager of AllianceTexas. “Our team at Alliance is particularly proud of the fact that we’ve retained every customer and every job we possibly could in a development that has 230 companies, 28,000 jobs and more than 31 million square feet.”
One of the largest renewals over the past year was for a total of 556,039 square feet in two buildings with ATC Logistics & Electronics, which employs 2,600 workers at Alliance. Renewals also were completed with industry leaders, such as LG Electronics (499,797 square feet), General Mills (670,000), S.C. Johnson (408,000), Exel Logistics/Texas Instruments (409,914) and Coca-Cola (127,200), over the past 12 months.
The Alliance Global Logistics Hub is part of the 17,000-acre AllianceTexas development. In addition to the Alliance Global Logistics Hub, the development includes the Monterra Village apartment home community, Alliance Town Center, the corporate campuses and golf courses of Circle T Ranch, and the Heritage and Saratoga residential communities. More than 50 companies at AllianceTexas are ranked on the Fortune 500, Global 500 or Forbes List of Top Private Firms.
Hillwood, (www.hillwood.com) a Perot company, is ranked as one of the top commercial real estate developers in the country and the top residential developer in Dallas-Fort Worth. The company's developments currently house facilities for 65 companies listed on either the Fortune 500, Global 500 or Forbes List of Top Private firms. In addition to AllianceTexas, Hillwood is best known for its development of AllianceCalifornia near Los Angeles and the $420-million American Airlines Center and Victory district near downtown Dallas.
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