News Article | 2/12/2004

Hillwood To Develop 113-acre Business Park In Desoto, Texas


HILLWOOD TO DEVELOP 113-ACRE BUSINESS PARK IN DESOTO, TEXAS Development To House 1.85 Million Square Feet in Three Buildings

DESOTO, Texas — Hillwood will develop Crossroads Trade Center, a 113-acre business Park in Desoto, Texas. Located on the west side of Interstate 35E just south of Interstate 20, Crossroads Trade Center will include three industrial buildings totaling 1.85 million square feet.”With its proximity to I-20 and I-35, Crossroads Trade Center may have the best combined east-west, north-south freeway access in North Texas,” said Tal Hicks, president of Hillwood Investment Properties. “This site provides excellent build-to-suit opportunities for corporate clients who need a customized & state-of-the-art distribution center. The city of DeSoto also has done a great job in providing incentives that make this site a premier distribution location.”Crossroads Trade Center features a 10-year real-property tax abatement of up to 100% from the city of DeSoto and Triple Freeport equivalency from the city of DeSoto, Dallas County and the Dallas Independent School District. The south Dallas County area also provides an outstanding industrial labor base.Although this is Hillwood’s first commercial development in south Dallas County, the company is developing Gateway Estates, a 192-acre residential community in nearby Glenn Heights.Hillwood currently owns and manages more than 5.2 million square feet of industrial space in Dallas County. The company’s other commercial developments in Dallas County include Hillwood at Pinnacle in south Dallas, Skyline Business Park in Mesquite, Tradepoint Business Park in Coppell and a recently announced build-to-suit for Network Logistics at DFW Airport.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 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.# # #Contact: David Pelletier, Hillwood(817/224-6044)[email protected]