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Alliance Speeds Toward Record-breaking Year; Latest Deal Nabs 228,000-SF Tenant

FT. WORTH-It's a well-known fact in the metroplex that the Hillwood team gathers in its lobby and rings a ranch-hand's dinner bell each time a big deal is signed. This year, the bell's ringing a lot. The latest lease, 228,000 sf, could push Hillwood over its all-time record.

By Connie Gore | Updated on December 20, 2000

FT. WORTH-The deals just keep coming for Ross Perot Jr.’s Alliance development. This time, a California-based logistics provider is taking 228,000 sf in a recently completed industrial structure in the project’s Gateway sector.

Value and Services Logistics will move in Feb. 1, 2001, says Tony Creme, Hillwood’s marketing manager who brokered the deal. The company will use the site as a distribution facility for Panasonic Logistics.

“It’s one of the biggest leases we’ve signed this year,” Creme told GlobeSt.com. The pact also could be the deal that pushes Alliance over the top for a record-breaking banner year. Alliance is still calculating this year’s total, but more than 3.1 million sf of industrial space had been created as of Sept. 30. Since then, the Hillwood team has been signing at times two pacts a week. In 1996, 3.4 million sf had been created at the mega-industrial development situated in Ft. Worth boundaries.

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