News Article | 8/28/2007

Hillwood starts work on 2 Flower Mound industrial buildings

Developer Hillwood has begun construction on two industrial buildings in Flower Mound.

The speculative buildings contain more than 790,000 square feet and are located in the Lakeside Trade Center near Lakeside Parkway and Enterprise Drive.

Robert Lynn Co. is marketing the project, which is scheduled to open in December.

Hillwood is developing the warehouses because “Lakeside Trade Center has proven to be one of the top locations for distribution centers in North Texas,” senior vice president Dan Tatsch said in a statement.

Lakeside Trade Center now has three industrial buildings with 1.4 million square feet that are fully leased to companies including Best Buy, Maytag, Stacy Furniture and Exel Logistics.

With the groundbreaking for the Flower Mound project, Hillwood said it has 5 million square feet of commercial space under construction in North Texas.

The developer is best known for its Victory project near downtown Dallas and the AllianceTexas development in North Fort Worth.