News Article | 8/1/2007

Hillwood breaks ground on DeSoto industrial project

Developer Hillwood said Tuesday that it has broken ground on a 550,600 square-foot industrial project in DeSoto.

The speculative warehouse building is under construction in the 113-acre Crossroads Trade Center business park, located on the west side of Interstate 35E just south of Interstate 20.

The complex when completed is planned to contain three industrial buildings with 1.9 million square feet.

“Crossroads Trade Center is one of the best locations in south Dallas County,” T. Preston Herold, vice president of Hillwood Investment Properties, said in a statement.

He cited the developments accessibility to major highways, the nearby Union Pacific rail yard and pending trade zone status as making the area good for distribution centers.

Construction on the first building in Crossroads Trade Center will be completed by the end of the year. Robert Lynn Co. is leasing the project.

Hillwood has developed almost 30 million square feet of commercial space in North Texas since 1999.