FLOWER MOUND (hillwood.com) – The Perot family’s Hillwood development company has begun construction on a 379,700-square-foot speculative building in its Flower Mound Lakeside Trade Center. The new Lakeside Trade Center 2 building on the northeast corner of FM 2499 and Enterprise Dr. will be completed in October 2006.Anticipating rising construction costs, Hillwood purchased the steel for Lakeside Trade Center 2 in 2004, when the company was expanding the Lakeside Trade Center 1 building. “By combining the steel purchase for two buildings, we were able to realize significant savings that will be passed on to our customers,” said Dan Tatsch, senior vice president of Hillwood Investment Properties. The 196,100-square-foot expansion of Lakeside Trade Center 1 was completed in early 2005. The now 426,200-square-foot facility is currently occupied by Sabry Lee, Exel, Sullivans, D&K Healthcare and Universal Display & Fixtures. The 137-acre Lakeside Trade Center development will eventually include five buildings. The 600,200-square-foot Lakeside Trade Center 3 building, which was completed in 2002, is occupied by Best Buy and Maytag. Future plans include the 334,900-square-foot Lakeside Trade Center 4 and Lakeside Trade Center 5 at 456,950 square feet. Robert Lynn Company will market the building for Hillwood.
News Article | 9/15/2006