AllianceTexas Preparing For Additional Demand For Space

Alan Scaia
August 21, 2019 - 9:38 am
AllianceTexas development

Photo Courtesy Hillwood Development

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FORT WORTH (1080 KRLD) - Developers around Alliance Airport are planning for additional demand for office and industrial space. Hillwood Development will soon start construction on two additional buildings in the AllianceTexas development.

The buildings will include 1.3 million square feet of industrial space.

"We have an initiative to keep speculative space on the ground at all times available for global logistics companies who need instant speed-to-market," says Hillwood Senior Vice President Tony Creme.

Hillwood says it has started construction on six million square feet of industrial space over the past 18 months, and Creme says half of that space was already leased while the projects were still being built.

"We're always monitoring the economy, but we've built about ten and a half million square feet here at AllianceTexas over the last five years. It's been very well-received, so at the moment, we're very bullish on the region," he says.

This week, American Specialty Health signed a lease for 164,000 square feet of office space in the area. Hillwood says American Specialty Health will move into space that had been occupied by Mercedes-Benz Financial Services, which has moved into its own business center in the AllianceTexas development.

Creme says access to I-35W, Alliance Airport and the BNSF rail facility are driving interest in the area.

"That's critical," he says. "Really, AllianceTexas has been built on flexibility."

AllianceTexas plans to start construction on the speculative buildings next month and says they should be finished by the middle of 2020.