Hillwood Acquires 383K-SF Irving Office Complex

Hillwood acquired the Freeport Business Center, a Class A, three-building office portfolio in Irving, Texas. The portfolio encompasses 34 acres, over 383,000 rentable square feet and includes Freeport Business Center I, II, and III located along Freeport Parkway. The seller was UBS Realty Investors.

The portfolio boasts a 70% occupancy rate, with space available for lease ranging from 26,406 to 82,500 square feet. Notable tenants include Northrop Grumman Corporation, Yardi Systems, SiriusXM, and, most recently, Boeing. 

Additionally, the center has received over $6.5 million in capital improvements. Improvements include extensive lobby renovations, window upgrades, landscaping, and updated building operation systems. An on-site, full-service café also services all customers within the portfolio.

Five minutes from DFW International Airport, the center offers accessibility to key transportation arteries and amenities such as the nearby Cypress Waters Development, the Las Colinas Urban Center, and the Toyota Music Factory.