Hillwood Adjusts Plan to Weather Downturn

[IMGCAP(1)]FORT WORTH-Hillwood Properties is betting its diversification of available commercial space on the ground will carry it through the long wait for the nation’s economic recovery. The locally based firm, responsible for a $33-billion economic engine in the region, is adding some new stories to its line-up to further strengthen its position.

Michael Berry, president of Hillwood Properties, said the firm’s eight-member property management staff is being marketed for third-party assignments to Hillwood’s 200-employer base at AllianceTexas as one of the changing stories. The group presently oversees 12 million square feet for Hillwood and one corporate user, Bell Helicopter Inc. “We’re looking at how to do it for other people,” Berry told GlobeSt.com. “It makes sense. Why not look at it.”

Berry was the keynote speaker at yesterday’s monthly luncheon meeting of BOMA Fort Worth, where he brought more than 100 members up to date on Hillwood’s strategy for weathering the economic storm. Hillwood recently has completed $160 million of office, industrial, retail and apartment construction at AllianceTexas, according to Berry.