FORT WORTH, Texas (August 10, 2023) – Hillwood, developer of the 27,000-acre master-planned, mixed-use AllianceTexas development, announced the launch of two new speculative industrial buildings, Alliance Center East 2 (ACE 2) and Alliance Center East 3 (ACE 3). ACE 2 and ACE 3 are each 224,616 square feet, bringing nearly half a million square feet to the AllianceTexas industrial market.
ACE 2 and 3 are currently under construction along Interstate 35W, north of Westport Parkway and have the capacity to accommodate companies ranging from 84,000 to 224,616 square feet. Speculative tenant improvements will also be delivered by 2024’s first quarter.
This announcement, along with Hillwood’s recently announced lease with Southwire, one of North America’s largest wire and cable producers, proves the industrial sector remains steady. Alliance Westport 25 was originally launched as a 1,076,000 square feet speculative building in August 2022 but is now growing to 1.18 million square feet to accommodate Southwire’s larger footprint. Hillwood’s AllianceTexas strategy is to continually have available, ready-to-occupy Class A speculative industrial options of all sizes for new and existing customers.
“There is continued market demand for spaces up to 225,000 square feet, particularly for manufacturers, 3PL’s, and ecommerce companies,” said Reid Goetz, senior vice president of Hillwood. “Meeting this market need, Alliance Center East 2 and 3 are the newest and most modern Class A additions to Hillwood’s AllianceTexas industrial portfolio. With the recent completion of more than $1 billion in expansion improvements to Interstate 35W, and located within the heart of AllianceTexas’ world-class logistics amenities, these buildings will give our customers access to one of the most critical freight corridors in the country.”
ACE 2 and 3 are located directly on I-35W and are designed with the cutting-edge specifications required to meet the needs of future-forward ecommerce, fulfillment and manufacturing operations. Each building includes 32’ clear height, 260-foot building depth, 60-foot loading bays and one 185-foot truck court with additional land ready for expanded car and/or trailer parking. Speculative tenant improvements, including +/- 2,500 square feet of main office space, LED warehouse lighting, warehouse power and dock door packages, will be constructed with the shell building, allowing a customer to occupy and operate within the building upon construction completion immediately.
ACE 2 and 3 will benefit from AllianceTexas’ robust transportation infrastructure platform, which includes the AllianceTexas Mobility Innovation Zone (MIZ), Perot Field Fort Worth Alliance Airport (AFW) and BNSF Railway’s Alliance Intermodal Facility. The MIZ is an unparalleled ecosystem, with comprehensive supply chain capabilities, that provides mobility innovators with infrastructure and strategic partnerships to scale and commercialize new technologies and propel transformational mobility solutions. AllianceTexas’ supply chain network amenities include FedEx Ground Hub, two UPS Ground Sort Hubs, the FedEx Express Southwest Regional Air Hub and Amazon Air Regional Hub.
Providing access to a trained and skilled workforce, ACE 2 and 3 will also have access to the workforce recruitment, training and retention resources that are currently available to all AllianceTexas companies through the Alliance Workforce Center and Tarrant County College’s Corporate Training Center and Center of Excellence for Aviation, Transportation and Logistics (CEATL).
The buildings are being designed by RGA Architects and financed by Inwood Bank. Peloton Land Solutions provided the building’s civil engineering design, and Hillwood Construction Services will serve as the general contractor for the project.
Developed by Hillwood, AllianceTexas is an unparalleled regional success story that has transformed the North Texas economy and connected the area to global industry. Consisting of 27,000 acres, the development is anchored by the world’s first dedicated industrial airport, Perot Field Fort Worth Alliance Airport (AFW), and hosts one of the nation’s premier intermodal hubs. Today, AllianceTexas is home to 562 companies that have created more than 66,000 direct jobs and have approximately 55 million square feet of developed commercial real estate assets. The development’s cumulative impact since 1989 is an estimated $111.5 billion for the North Texas region. For additional information, please visit www.alliancetexas.com.
Hillwood, a Perot company, is a premier industrial, commercial and residential real estate developer and manager with projects throughout North America and Europe. With a diverse portfolio of properties that have become home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers and partners and the communities in which we serve. Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, D.C. to the Perot Museum of Nature and Science and the American Airlines Center in Dallas. For additional information, please visit www.hillwood.com.