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General Mills Expands, Signs for 670,000 SF

FORT WORTH-The word is out that General Mills is the inbound tenant for AllianceTexas' newest build-to-suit. The deal adds 302,185 sf to General Mills' AllianceTexas hub while the development is just 54,770 sf shy of a record year.

By Connie Gore | Updated on July 23, 2002

FORT WORTH-AllianceTexas has reeled in a Texas-size lease, signing an existing tenant to 670,000 sf in a Denton County corner of the 15,000-acre, multi-municipality consortium. The build-to-suit deal, says a company contact, is the largest expansion in AllianceTexas history and one of the biggest contracts signed this year.

With the signing, General Mills Corp. will pick up another 302,185 sf for its North Texas distribution base. Its present site is located at the intersection of Intermodal and Westport parkways in the Haslet section. Its new home, which delivers in December, is going up at the northeast corner of Independence Parkway and Henrietta Creek Road in the Fort Worth bounds. General Mills uses Exel Logistics to operate its AllianceTexas facility and will continue to do so, according to the contact.

In the past nine months, AllianceTexas has finalized three of the four largest leases in its history. As for its year-to-date tally, Hillwood has sealed more than 1.75 million sf, just 54,770 sf shy of its 1998 record of 1.8 million sf plus. The world-renowned distribution complex has 1.9 million sf under construction for Ford, Bridgestone/Firestone, Ryder/Phillips and of course, General Mills.

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