Entech kept its headquarters and production move under wraps as it set up shop at 13301 Park Vista Blvd., a 142,500-square-foot spec project that was part of Hillwood's 2007 development push to create ready-to-go space for the market. The lease includes five acres across the street for Entech's solar module testing. Tarrant County tax records show Entech's headquarters moved from 1077 Chisholm Trail in nearby Keller and the sales and service team relocated from 1714 Higgins Lane in nearby Haltom City.

Tony Creme, vice president of Hillwood Properties, tells GlobeSt.com that the developer plans to "explore" using Entech's technology in its future buildings. Last year, Hillwood constructed five spec buildings, totaling 1.8 million square feet, at various spots in the 17,000-acre AllianceTexas. "By bringing Entech to Alliance, it's a big step for us," he says. "It's one of the first big steps to learn about that technology so we can implement it in our development."

Creme says Entech has a right of first refusal on the balance of Gateway 23 as part of the direct deal. Hillwood's point man says he's been talking with Entech "on and off" for a couple years, but it moved in a more serious direction about six months ago. Hillwood is quoting $4.90 per square foot for Gateway 23, with $5 per square foot as the tenant-improvement allowance.

Gateway 23's refitting has added 20% to 30% of office and a high-tech clean room for research and development and production. Creme says Hillwood also lowered the 30-foot ceilings to 20 feet to 22 feet to tailor the 100% air-conditioned space to the solar tech company's needs.

Entech is a subsidiary of WorldWater & Solar Technologies Corp., which is a full-service solar electric engineering, procurement and construction company for commercial and municipal uses. Entech's role is to produce patented solar concentrating and photovoltaic systems.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.