Hillwood Adding 770K SF to AllianceTexas Holdings

Hillwood announced that work on two new Class A speculative industrial buildings: Alliance Gateway 70, a 268,623-square-foot facility, and Alliance Gateway 71, a 501,235-square-foot facility, is underway and is expected to be completed later this year. Both buildings will be located at the interchange of Independence Parkway and Henrietta Creek Road, adjacent to State Highway 170 in Fort Worth.

The projects are designed by RGA Architects. Civil engineering services were provided by Westwood, and Hillwood Construction Services will serve as the general contractor. Alliance Gateway 70 is financed by Enterprise Bank, and Alliance Gateway 71 is financed by Comerica Bank.

The two buildings bring Hillwood’s total speculative industrial portfolio to five buildings under construction at AllianceTexas, joining Alliance Westport 12, Alliance Westport 15 and Alliance Gateway 34. Combined, the five projects total 3.1 million square feet under construction and an additional 2.6 million square feet in predevelopment — marking the largest speculative industrial pipeline in Hillwood’s history at AllianceTexas. AllianceTexas is a 27,000-acre master-planned industrial development.