News Article | 5/10/2004

Hillwood Sells Grapevine Building To Gamestop


HILLWOOD SELLS GRAPEVINE BUILDING TO GAMESTOP GameStop to Move Corporate Headquarters to 369,200 SF facility

GRAPEVINE, Texas — Hillwood has sold the 369,200 square foot building at 625 Westport Parkway in Grapevine to GameStop, the nation’s largest video game specialty retailer. The facility will serve the company’s corporate headquarters and distribution center. GameStop will be operational in the new building in the spring of 2005.This facility was developed by Hillwood in 1999 as a build-to-suit for online grocer Webvan, which never occupied the building.Hillwood was represented by Dan Tatsch of Hillwood and Mark Miller of Robert Lynn Company. GameStop was represented by Tom McCarthy and Sharon Morrison of The Staubach Company.Grapevine, Texas-based GameStop Corp. (NYSE: GME) carries one of the largest assortments of popular new and used video game hardware, video game software and accessories, PC entertainment software, and related products, including action figures, and strategy guides. GameStop operates 1,514 retail stores throughout 49 states, Puerto Rico and Ireland, primarily under the GameStop brand. The company also publishes Game Informer, one of the industry’s largest circulation multi-platform video game magazines, with over 1,500,000 subscribers.Hillwood, 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 is best known for its development of AllianceTexas, located 15 miles northwest of DFW Airport, and the $420-million American Airlines Center and Victory district near downtown Dallas. Hillwood’s newest projects are Lakeside Trade Center in Flower Mound, Texas; AllianceCalifornia, the 2,000-acre redevelopment of the former Norton Air Force base, in San Bernardino, Calif.; and DeSoto Trade Center, a 225-acre business park in Southaven, Miss., part of the greater Memphis, Tenn. market.# # #