News Article | 8/16/2007

HILLWOOD PROPERTIES ADDS VICE PRESIDENT TO OVERSEE RETAIL DEVELOPMENT

FORT WORTH, Texas (August 16, 2007) – Hillwood has named Mark Miller, who has worked in retail development for more than a decade, as Vice President of Retail Development for Hillwood Properties, the division that oversees the 17,000-acre AllianceTexas development. Miller will manage the company’s plans to develop more than 4 million square feet of retail space at AllianceTexas.

“Due to the tremendous job growth and residential growth at Alliance and in the surrounding areas, retail has become an increasingly larger component of Hillwood’s development plans,” said Bill Burton, senior vice president of Hillwood Properties. “Mark brings a unique mix of experience in retail and demographics to lead Hillwood’s efforts to attract top retailers and create high quality retail development, focusing primarily on Alliance Town Center, Circle T Ranch and Lone Star Crossing.”

At Alliance Town Center, Hillwood is partnering with Trademark Property Company to develop 2 million square feet of retail, office and multi-family. J.C. Penney, Cheddar’s and Wells Fargo already have opened. Belk, Best Buy, Bank of Texas, Hobby Lobby and Sam Moon are scheduled to open between now and the summer of 2008.

Hillwood and General Growth are partners on two retail projects at Circle T Ranch. The Shops of Circle T Ranch is a 1.2 million square-foot retail resort that already has commitments from anchors Dillard’s and Macy’s. The 1.1 million square-foot Circle T Ranch lifestyle center will feature large stores for national retailers that traditionally locate near malls.

Lone Star Crossing is anchored by the 230,000 square-foot Cabela’s store, which hosts approximately 4 million shoppers per year. With 650,000 square feet of retail, the 500-acre Lone Star Crossing is designed to attract and cater to out-of-town visitors.

Miller spent the past nine years with Regency Centers, the leading national owner, operator and developer of grocery-anchored and community shopping centers. Most recently he served as the company’s senior manager of investments in the central region, where he was responsible for identifying appropriate sites for major big-box anchors, as well as opportunities for development of grocery-anchored centers. He joined Regency in 1998 after working with Tangram Corporation, developing site selection systems for national retailers including Applebee’s, Lowe’s, Taco Cabana, Bennigan’s, Red Robin and Cracker Barrel. Miller began his career with the research and information services group of the North Central Texas Council of Governments.

After receiving his bachelor’s degree in geography from Texas A&M University in 1995, Miller earned a master’s in applied geography from the University of North Texas in 1998 and an MBA from the University of North Texas in 2000.

AllianceTexas consists of the Alliance Global Logistics Hub, the corporate campuses and golf courses of Circle T Ranch and the high-tech mixed-use community of Heritage. AllianceTexas now houses 6,200 single-family homes and more than 140 companies that occupy 26 million square feet. More than 65 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 85 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 in San Bernardino and the $420-million American Airlines Center and Victory district near downtown Dallas.

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