News Article | 1/6/2010

Hillwood Nabs 1.6 Million SF


DALLAS – Hillwood Investment Properties has added more than 1.6 million sf of industrial space to its portfolio, scooping up the Frankford Trade Center in Carrollton and two recently completed warehouses in San Bernadino, Calif.


The 659,340-sf Frankford Trade Center at 1649 W. Frankford Rd. is a vacant, class A building that’s undergoing renovation. It was built in 2000, with a 30-acre deal-making location at the corner of the George Bush Turnpike and Interstate 35 and Triple Freeport tax exemption. Its former occupant was locally based Home Interiors & Gifts Inc.


In California’s Inland Empire, Hillwood bought Northgate Buildings 10 and 11. The class A buildings, totaling more than one million sf, are adjacent to Hillwood’s AllianceCalifornia development, formerly the Norton Air Force Base. The Northgate Buildings are part of the San Bernardino Valley Enterprise Zone. The portfolio addition pushes AllianceCalifornia to more than 8.6 million sf.


“With the challenges of the current global economy, Hillwood is focused on identifying the right investment and growth opportunities across the country,” said Ross Perot Jr., chairman of Dallas-based Hillwood.


Tal Hicks, president of Hillwood Investment Properties, added that the company is “committed to making strategic decisions that not only make good business sense, but good sense for our local communities.”