Saturday, November 20, 2004 – Hillwood, the master developer for much of San Bernardino International Airport, last week announced it was upping the ante here in a big way. The Dallas-based real estate firm has added 144 acres to its San Bernardino County portfolio with the purchase of land at the southwest corner of University Parkway and Interstate 215.This action means Hillwood is helping to shape the future for about 700 acres of prime county real estate.In addition to SBIA and the land near Cal State San Bernardino, Hillwood is a partner in the development of the 130-acre Hofer Ranch south of Ontario International Airport.Hillwood has an impressive track record at SBIA.Even before the master development agreement was nailed down, Hillwood lured Kohl’s to SBIA with a 575,000-square-foot regional distribution facility.They also brought in the behemoth Mattel distribution facility which spans 1.2 million-square-feet.Under construction is a 600,240-square-foot Pep Boys warehouse.The next big push for Hillwood at SBIA is likely to be the 135-acre golf course area, said Don Rogers, interim executive director of the SBIA and the Inland Valley Development Agency.Additionally, Hillwood has an exclusive right to negotiate to become master developer for the airport land at SBIA. The current master development agreement is for most of the IVDA’s holdings only. That option for the airport land expires on Dec. 22 and Hillwood has indicated that it wants to keep it in place, Rogers said Friday.Hillwood, a Perot company, is ranked as one of the top commercial real estate developers in the country and the top residential developer in the Dallas-Fort Worth area. The company is best known for its AllianceTexas development, a 17,000-acre project which includes the world’s first industrial airport, which is a FedEx hub.Hillwood is also known for its development of more than 14,000 single-family lots in North Texas and the $420-million American Airlines Center and Victory district near downtown Dallas. Last week Hillwood, The Burlington Northern and Santa Fe Railway Co. and the M.T. Cole Trust announced plans to expand Logistics Park — AllianceTexas by adding 327 acres of direct rail access for customers that load rail cars at their facilities.The BNSF Intermodal Facility at AllianceTexas handles 500,000 lifts per year.
News Article | 11/20/2004