Real-Estate Company Seeks to Expand Market Presence
AUSTIN – Hillwood Communities, a Perot company, announced today the appointment of real estate professional Duke Kerrigan as general manager of its Austin region.
Duke, who earned his Business Administration degree in Finance from Texas Christian University, has a background in real estate acquisitions, securing entitlements, project capitalization, project management, strategic planning and sales and marketing.
He was most recently a director at Hines, where he was employed for over a decade. Duke will oversee Hillwood’s master-planned community projects and future acquisitions and developments in Austin.
Hillwood launched its latest project in Austin with the groundbreaking of Georgetown’s largest master-planned development, Wolf Ranch, a 755-acre tract on Highway 29 and Interstate 35 in December 2015. The $700 million project will entail a master-planned community of 1600 single-family units that feature resort style amenities and space for new retail venues and restaurants.
“Having Duke join our team was a strategic and timely move for Hillwood,” said Fred Balda, president of Hillwood Communities. “His extensive experience in the industry will help us immensely in pursuing our plans to grow in Austin, the fastest growing city in the United States, and to continue to provide first-class communities to its residents.”
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Hillwood is best known for its Alliance brand, featuring the 18,000-acre AllianceTexas, 2,000-acre AllianceCalifornia and 4,474-acre AllianceFlorida. Its founding project, AllianceTexas, has been hailed as one of the best mixed-use developments in the world, generating more than 40,000 jobs and $55 billion in local economic impact to date. Outside of AllianceTexas, Hillwood Investment Properties is focused on institutional-grade industrial/logistics properties and has developed and acquired more than 84 million square feet in North America and Europe.
Through its Communities division, Hillwood has delivered more than 24,000 single-family lots in 80 master planned communities. From single-family homes to high-end luxury vacation residences, Hillwood’s residential communities embrace the company’s LiveSmart principles, creating a sense of community while integrating technology, healthy living, environmental stewardship and education.
Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, to the Perot Museum of Nature and Science and the American Airlines sports arena in Dallas. For information, please visit www.hillwood.com.