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July, 30th 2008
FedEx plans sorting facility
Memphis Commercial Appeal
Jane Roberts (Contract)

FedEx SmartPost, a subsidiary of FedEx Ground, is opening a sorting facility in Southaven to serve a growing business-to-consumer base, a group of customers it owes almost entirely to the power of online shopping.

 

SmartPost signed a five-year lease on 150,527 square feet in the DeSoto Trade Center Building III at 4325 Executive Drive in Southaven.

 

By early October, it intends to have about 80 full- and part-time employees at the facility, gearing up for the peak holiday season.

 

"Business is consistently growing," said Ward Strang, SmartPost president and chief executive. "We're offering a tremendous product that fits well with the ...

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July, 25th 2008
FedEx Ground subsidiary SmartPost selects DeSoto County for 21st distribution center
The Memphis Business Journal
Andy Ashby

FedEx SmartPost, a subsidiary of FedEx Ground, signed a 150,527-square-foot lease with Hillwood Investment Properties at DeSoto Trade Center Building Three in Southaven.

 

Originally founded in 1998 as Parcel Direct, FedEx Corp. purchased FedEx SmartPost in 2004 from Quad/Graphics, Inc., for $120 million.

 

The company consolidates and delivers high volumes of low-weight, less time-sensitive packages to residences, using the U.S. Postal Service for final delivery. SmartPost only accepts packages up to 70 pounds.

 

Colliers Wilkinson Snowden chairman Dan Wilkerson, Colliers Management Services LLC president Brad Kornegay and The ...

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July, 24th 2008
Money approved for airport project
The Press-Enterprise
Lou Hirsh

The joint-powers Inland Valley Development Agency, which oversees funding for San Bernardino International Airport, on Wednesday approved the transfer of $19 million to complete the ongoing airport terminal renovation project.

 

Funds will be transferred from the agency's debt service fund to its capital projects fund, and will go toward improvements including parking and security additions.

 

The agency and the San Bernardino International Airport Authority also approved a resolution to seek a $14 million non-secured loan from CMB Infrastructure Investment Group for phase three of previously approved projects related to the terminal renovation, including road improvements and ...

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July, 24th 2008
Teen hopes are soaring
The Fort Worth Star-Telegram

The rumors are still flying that the Jonas Brothers — the hot teen pop group — may be the newest residents in Tarrant County. Now come reports they may be asked to do some real flying.

 

Click here to read the full article.

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July, 23rd 2008
Jonas Brothers buy house in Dallas-Fort Worth area
The Fort Worth Star-Telegram
The Associated Press

WESTLAKE, Texas -- The Jonas Brothers reportedly bought a house in a Dallas-Fort Worth suburb - and some young neighbors sound thrilled.

 

Click here to read the full article.

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July, 22nd 2008
Jonas Brothers to be newest kids on Westlake block
The Dallas Morning News
Jessica Meyers

WESTLAKE — Ohmygod! The Jonas Brothers are moving to North Texas? For real?

 

Tarrant County records indicate that members of the Jonas Brothers – the brother band turned pop cult craze – granted power of attorney to their mother, Denise Jonas, for the purpose of buying a six-bedroom house in Vaquero, a gated community in Westlake. The documents were signed June 12.

 

The real estate agent who listed the house on Wisteria Way at more than $2.8 million confirmed Monday that it had been sold but said the contract prohibited her from commenting further. At least one resident reported spotting the Jonas Brothers at Vaquero.

 

The publicist for ...

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July, 8th 2008
S.B. airport expects expansion to spark retail development nearby
The Press-Enterprise
Joseph Ascenzi

Property around the former Norton Air Force Base is expected to begin attracting retail and other commercial development projects within next three to five years as the San Bernardino International Airport grows, according to airport officials.

 

Open parcels along Third and Fifth streets, along with some select properties along Tippecanoe Avenue, should start attracting restaurants and convenience stores, said Bill Ingraham, the airport's aviation director.

 

Nearby retail areas, such as Hospitality Lane in San Bernardino and the unincorporated area in Redlands that includes Citrus Plaza, will probably attract more commercial development before the airport does, Ingraham said. ...

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July, 1st 2008
Deloitte to build facility in Westlake
The Fort Worth Star-Telegram
Sandra Baker
WESTLAKE — Deloitte made it official Monday: It’s bringing a $300 million training facility to Westlake.

The New York-based auditing and financial-services firm said Westlake beat out two other locations for the complex, scheduled to open in 2011 in Hillwood’s 2,500-acre Circle T development.

Click here to read the full article.

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July, 1st 2008
Deloitte Eyeing Q1 Start for $300M Legacy Build
GlobeSt.com
Connie Gore

WESTLAKE, TX-With the dust now settling over the land deal, Deloitte LLP is eyeing a first-quarter 2009 groundbreaking on its first leadership and development center in the world. The $300-million initiative will create a resort-style oasis on 107 acres at the center of Hillwood's Circle T Ranch.

 

Jon Eisele, partner in the New York City-based global firm, says the design work should be done by late fall for the 750,000-sf to 800,000-sf development portal for its worldwide team. The decision-making process for the location began in January 2007, with six or seven cities in the Central US and Midwest vying for the win.

 

Sources tell GlobeSt.com that the best and final ended five ...

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June, 30th 2008
Deloitte to build $300M facility in Westlake
Dallas Business Journal

Consulting and auditing firm Deloitte LLP said it will invest $300 million to build a state-of-the-art learning and leadership development center in Westlake.

 

Construction on the new facility will begin in 2009 and the center is expected to open in 2011.

As reported in March by the Dallas Business Journal ("Deloitte eyes Circle T Ranch"), the 750,000-square-foot campus will have 800 guest rooms. New York-based Deliotte said the facility will serve as a central destination for everyone from its new hires to senior leadership to convene for learning and leadership development.

 

"This facility will not only help us build a stronger culture among our employees, ...

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June, 30th 2008
Deloitte to build $300M campus in Westlake
The Dallas Morning News
Steve Brown

Developer Hillwood said Monday that accounting giant Deloitte LLP will spend $300 million to build a conference and learning center in Westlake.

 

Construction will start next year on the 750,000-square-foot campus, which will open in 2011. Deloitte's project will be built on 300 acres in Hillwood's Circle T Ranch near Fidelity Investment's regional campus.

 

The complex – which will include 800 guest accommodations, dining facilities, a ballroom, business center, recreational facilities and a fitness center – will be used by the accounting firm to train its professionals.

 

"As our industry evolves faster than ever before, ...

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May, 16th 2008
Hillwood completes half-dozen buildings
The San Bernardino County Sun

Six buildings totaling more than 2 million square feet, including an 801,581-square-foot facility for Michelin, have been completed at InterChange Business Center.

 

The center is located next to the west side of Interstate 215, roughly two miles north of the 210 Freeway in San Bernardino.

 

The buildings were completed by Dallas-based Hillwood, a Perot-owned company and commercial-residential real-estate developer.

 

Mike Daley, a longtime Colliers International broker who died in 2006, was honored as part of the grand opening of the 144-acre business park by having a street - Mike Daley Drive - named after ...

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May, 13th 2008
Hillwood Opens 2M-SF, 144-Acre Business Park
GlobeSt.com
Bob Howard

SAN BERNARDINO, CA-Texas-based Hillwood Properties has opened its two-million-sf InterChange Business Center, a 144-acre project comprising six recently completed industrial buildings. The center, which includes an 801,581-sf build-to-suit for Michelin, includes a street named Mike Daley Drive that was dedicated in honor of the late Colliers International broker who represented InterChange Business Center and other Hillwood projects in the Inland Empire during his 28 years as a commercial real estate broker, primarily working in the San Bernardino area.

 

Five of the buildings at InterChange Business Center have been certified to meet LEEDS standards and are some of the first industrial buildings in the Inland Empire to earn such ...

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May, 9th 2008
Business center makes its debut
The Press-Enterprise
Rodd Cayton

San Bernardino's InterChange Business Center was unveiled in a grand opening Thursday.

 

The industrial project, developed by Hillwood Development Co., consists of six buildings totaling more than 2 million square feet, including an 801,581 square-foot warehouse and distribution center built for Michelin.

 

InterChange Business Center is the result of a pubic-private partnership between San Bernardino's Economic Development Agency and Hillwood.

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May, 9th 2008
New offices may bring 2,000 jobs
The San Bernardino County Sun
Andrew Edwards, Staff Writer

SAN BERNARDINO - The planned construction of a new office for a health-care organization and a newly opened business complex could be worth more than 2,000 jobs here.

 

Thursday morning, a few dozen people attended a groundbreaking for Inland Regional Center's new administrative building, set to be built near Orange Show Road and Waterman Avenue.

 

Dallas-based developer Hillwood Investment Properties held a ribbon-cutting ceremony for its InterChange Business Center the same day. The 144-acre complex is about two miles north of where the 210 and 215 freeways meet.

 

Inland Regional Center is a nonprofit that works with the state ...

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May, 8th 2008
DEDICATION OF MIKE DALEY DRIVE TO BE PART OF GRAND OPENING OF INTERCHANGE BUSINESS CENTER IN SAN BERNARDINO’S UNIVERSITY DISTRICT

Contact: David Pelletier, Hillwood (817-224-6044, dave.pelletier@hillwood.com)

SAN BERNARDINO, Calif. – As part of the grand opening today of the 144-acre InterChange Business Center, Mike Daley Drive will be dedicated in honor of the former Colliers International broker who passed away in 2006. Six buildings totaling more than 2 million square feet, including an 801,581 square-foot build-to-suit for Michelin, have been completed at InterChange Business Center, which is located along the west side of Interstate 215 approximately 2 miles north of the new interchange with Interstate 210 in San Bernardino, Calif.

 

      Daley, who is survived by his wife and three children, represented the development, as well as other Hillwood projects in the Inland Empire. He spent ...

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May, 5th 2008
Hillwood Names Development, Marketing Director
GlobeSt.com
Bob Howard

SAN BERNARDINO, CA-Texas-based Hillwood has hired Brian Wilson, who most recently manager of commercial development for LNR Property Corp., as marketing and development director for its projects in Southern California. John Magness, senior vice president of Hillwood Investment Properties, says that the firm has hired Wilson for his experience with large-scale industrial projects, as well as a variety of product types, as Hillwood continues its ambitious development program in the region.

 

Hillwood is in the midst of its most aggressive building program in the Inland Empire with plans to develop 12 industrial buildings totaling 5.7 million sf by the end of this year. The projects is is developing in the Inland Empire include ...

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April, 16th 2008
HILLWOOD NAMES DEVELOPMENT/MARKETING DIRECTOR FOR SOUTHERN CALIFORNIA PROJECTS

Contact: David Pelletier, Hillwood (817.224.6044, dave.pelletier@hillwood.com)
SAN BERNARDINO, Calif. – Hillwood has hired Brian Wilson, who most recently was Manager of Commercial Development for LNR Property Corp., as Marketing and Development Director for its projects in Southern California. Projects being developed by Hillwood in the Inland Empire include AllianceCalifornia, Interchange Business Park and North San Bernardino Business Park in San Bernardino, West Valley Logistics Center in Fontana, and Hofer Ranch in Ontario.

 

      The company also is involved in the development of Vintners Grove Office Park in Ontario and Renaissance Rialto, which are both joint ventures with the Lewis Group.

 

      Hillwood ...

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March, 6th 2008
HILLWOOD TO DEVELOP 601,500 SQUARE-FOOT SPECULATIVE BUILDING IN JACKSONVILLE, FLORIDA

contact: Dave Pelletier (817-224-6044, dave.pelletier@hillwood.com)

JACKSONVILLE, Fla. – Hillwood recently purchased 69 acres in Jacksonville, Fla. to build a 601,500 square-foot speculative building. Construction will start immediately with a delivery date of early fourth quarter 2008. Located on the city’s Westside, West Point Trade Center is in a prime logistics location near the port of Jacksonville and within two miles of the CSX Intermodal rail facility and the Interstate 295/10 interchange.

 

“Hillwood believes Jacksonville’s demographic location within the Southeast, excellent highway and rail infrastructure, burgeoning seaport, pro-business civic leadership, and abundance of labor make Jacksonville the ideal place for companies to locate their Southeastern U.S regional distribution ...

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February, 28th 2008
ODW Logistics leases space at former Norton base
The Press-Enterprise
Josh Brown

An Ohio warehousing and distribution company has leased part of a 1.1 million-square-foot building on the grounds of the former Norton Air Force Base, according to a news release.

 

ODW Logistics Inc. will occupy roughly half of the building, which is part of Hillwood Development Corp.'s warehousing redevelopment at the former base.

 

The building was originally constructed to accommodate an expansion by Pep Boys. The company occupies the other half of the building.

 

John Ness, ODW's president, said in a news release the location positions his company to have better access to the Inland region and companies on the western edge of ...

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February, 26th 2008
ODW LOGISTICS LEASES 339,980 SQUARE FEET IN HILLWOOD’S ALLIANCECALIFORNIA DEVELOPMENT

Contact: David Pelletier, Hillwood (817-224-6044, dave.pelletier@hillwood.com) or Teri Alexander, ODW Logistics (614-893-4415, terikalexander@aol.com)

SAN BERNARDINO, Calif. – Hillwood has leased 339,980 square feet in Westgate Building One in its AllianceCalifornia development in San Bernardino to ODW Logistics, a Columbus, Ohio-based provider of logistics and transportation services.

 

      “As well as being complimentary to our facility in Chino, California, this new location now positions ODW in the Inland Empire region of Southern California to service port-focused markets on the western edge of the Inland Empire,” said John Ness, president of ODW Logistics, Inc. “In addition, it also positions us to service Eastern Inland Empire markets seeking a closer proximity to eastern shipping points at lower real estate operating ...

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November, 2nd 2007
Rialto's quest
The San Bernardino County Sun
Jason Pesick, Staff Writer

Rialto's quest to upgrade its image and its economy ran into a little trouble this year as the housing market slowed down.

 

But the region's growth and four new miles of freeway frontage along the 210 Freeway make it a crucial time for the city.

 

"I do think that we have a great potential for being just a great city to live in," Councilwoman Winnie Hanson said of the city's future.

 

Plans for Renaissance Rialto, a 1,500-acre master-planned development that would replace Rialto's airport along the 210 Freeway, changed to replace some of the housing with industrial.

 

By the end of ...

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November, 2nd 2007
San Bernardino International Airport
The San Bernardino County Sun
Matt Wrye, Staff Writer

Ontario or LAX - which is it?

 

San Bernardino County residents ask that same question when it comes to deciding which airport to use.

 

But the day isn't far off when families can say, "What about SBIA?"

 

San Bernardino International Airport - site of the former Norton Air Force Base - is turning out to be quite a transportation hub.

 

Airport officials are dreaming of a freight and passenger airline magnet that global businesses and local residents won't be able to pass up.

 

"It's all about jobs ... and it's also about perception," ...

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November, 2nd 2007
Rialto's quest
The San Bernardino County Sun
Jason Pesick, Staff Writer

Rialto's quest to upgrade its image and its economy ran into a little trouble this year as the housing market slowed down.

 

But the region's growth and four new miles of freeway frontage along the 210 Freeway make it a crucial time for the city.

 

"I do think that we have a great potential for being just a great city to live in," Councilwoman Winnie Hanson said of the city's future.

 

Plans for Renaissance Rialto, a 1,500-acre master-planned development that would replace Rialto's airport along the 210 Freeway, changed to replace some of the housing with industrial.

 

By the end of ...

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October, 17th 2007
Rialto airport area project approved
The Press-Enterprise
Mary Bender

RIALTO - For 60 years, small aircraft have taken off and landed at Rialto Municipal Airport, but plans call for the aviation operation to move to San Bernardino International Airport and for the city to sell the property for creation of a vast residential, retail and industrial project.

 

The city Redevelopment Agency would sell 482 acres to the developers, who also have purchased other airport-adjacent land from private owners to create a 1,510-acre project called Renaissance Rialto.

 

On Tuesday night, the Rialto City Council -- Mayor Grace Vargas was absent -- approved the developer's revised master plan for building 2,118 homes and 14.7 million square feet of industrial ...

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September, 20th 2007
Renaissance Rialto project might get radical face-lift
The San Bernardino County Sun
Jason Pesick, Staff Writer

RIALTO - The project this city has pinned its hopes on for a better future will not only be delayed, but could also be in for a complete overhaul.

 

The weak housing market - August home sales in the region were 37 percent below average - has delayed the Renaissance Rialto project and could alter the character of Rialto's 210 Freeway corridor.

 

"We may be considering some more radical changes," said Robb Steel, the city's economic development director.

 

Recently, the project's developers, a partnership between the Lewis Group and Texas-based Hillwood, have considered replacing some or all of the housing in the 1,500-acre mixed-use ...

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September, 4th 2007
Hillwood Development begins construction on two new buildings in Lakeside Trade Center
Flower Mound Leader
Stephen Fashoro, Staff Writer

Flower Mound residents will soon notice two new buildings being built in the Lakeside Business District.Hillwood Development has begun construction on the second phase of projects which consists of creating 333,372 and 456,950 square-foot buildings. The two buildings, which will be located in the Lakeside Trade Center, are expected to be complete by December.The Lakeside Trade Center is a business park within the Lakeside Business District.Hillwood began developing in the Lakeside Trade Center in 2002.“To us, it speaks to the strength of the market. We look forward to the added economic development it will bring to the town. Hillwood has more than satisfied their incentive obligations on the first phase of this project and continues to be a tremendous development partner,” said ...

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September, 3rd 2007
Growth in city takes its toll
San Bernardino County Sun
Matt Wrye, Staff Writer

SAN BERNARDINO - For a city striving to build its middle- class employment base, industrial development in northern San Bernardino is a give-and-take situation.

 

The sight of gigantic concrete walls being raised along the west side of the 215 Freeway is most likely just the beginning of development, bringing with it a fresh supply of jobs.

 

Huge distribution centers and truck fleets are popping up all over, while other land parcels are sporting "for sale" signs.

 

But the open space that once filled the Verdemont neighborhood of the city is slowly disappearing.

 

Instead of driving ...

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September, 3rd 2007
Multifamily housing in Hillwood's plans
Sandra Baker and Andrea Jares
The Fort Worth Star-Telegram

Hillwood has built millions of square feet of warehouse and distribution space, developed acres of homes and brought such retailers as Cabela's to the Metroplex.

 

Now it is branching out again, into the apartment market.

 

Click here to read the full article.

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August, 29th 2007
Hillwood Adding 800,000 SF of Spec Industrial
GlobSt.com
John McCloud

FLOWER MOUND, TX-Hillwood has begun construction on the final two buildings at Lakeside Trade Center, a five-building warehouse-distribution complex on 137 acres in this rapidly growing city about 20 miles northwest of Dallas. The buildings, which are slated for completion in December, will total nearly 800,000 sf, bringing the project total to about 2.2 million sf.

 

“These are pure spec plays,” says David Pelletier, director of communications for the Dallas-based developer.

 

“The three buildings that have been built are 100% leased. The market here is very strong right now.”

 

The first three buildings, also developed on spec, ...

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August, 29th 2007
Hillwood Develops Two Buildings Totaling 790,322 Square Feet
Real Estate Business Online

FLOWER MOUND, TEXAS — Hillwood is developing two speculative industrial buildings located in Lakeside Trade Center, a 137-acre development in Flower Mound. Lakeside Trade Center 4 building will consist of 333,372 square feet and Lakeside Trade Center 5 building will consist of 456,950 square feet. The properties will be located north of the intersection of Lakeside Parkway and Enterprise Drive and are scheduled for completion in 2007. Currently, three buildings totaling 1.4 million square feet are located onsite. The buildings are 100 percent occupied and tenants include Best Buy, Maytag, Stacy Furniture and Exel Logistics. Mark Miller and Adam Curran of Robert Lynn Co. will market the buildings for Hillwood.

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August, 28th 2007
Hillwood starts work on 2 Flower Mound industrial buildings
The Dallas Morning News
Steve Brown

Developer Hillwood has begun construction on two industrial buildings in Flower Mound.

 

The speculative buildings contain more than 790,000 square feet and are located in the Lakeside Trade Center near Lakeside Parkway and Enterprise Drive.

 

Robert Lynn Co. is marketing the project, which is scheduled to open in December.

 

Hillwood is developing the warehouses because "Lakeside Trade Center has proven to be one of the top locations for distribution centers in North Texas," senior vice president Dan Tatsch said in a statement.

 

Lakeside Trade Center now has three industrial ...

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August, 28th 2007
Hillwood starts work on Flower Mound buildings
Dallas Business Journal

Hillwood said Tuesday it has begun construction on two buildings in Lakeside Trade Center in Flower Mound.

 

The 333,372-square-foot Lakeside Trade Center 4 building and the 456,950-square-foot Lakeside Trade Center 5 are expected to be completed in December.

 

The 137-acre Lakeside Trade Center, just north of the intersection of Lakeside Parkway and Enterprise Drive, already has three buildings totaling 1.4 million square feet. The buildings are 100-percent leased. Best Buy, Maytag, Stacy Furniture and Excel Logistics are among the nine companies housed in the development. Combined, those companies employ about 400 workers. ...

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August, 27th 2007
HILLWOOD BEGINS CONSTRUCTION ON TWO SPECULATIVE BUILDINGS AT LAKESIDE TRADE CENTER IN FLOWER MOUND, TEXAS

Contact: David Pelletier, Hillwood (817/224-6044, dave.pelletier@hillwood.com)

FLOWER MOUND, Texas -- Hillwood has begun construction on the 333,372 square-foot Lakeside Trade Center 4 building and the 456,950 square-foot Lakeside Trade Center 5 building in its Lakeside Trade Center development in Flower Mound, Texas. The two new speculative buildings, which are located just north of the intersection of Lakeside Parkway and Enterprise Drive, will be completed in December 2007.

 

      Hillwood now has more than 5 million square feet of commercial space under construction in North Texas. This includes close to 2 million square feet that are under construction at Alliance, 1.3 million square feet that are under construction at Victory and the recently announced ...

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August, 27th 2007
Hillwood Builds 790,000 SF of Flex Space in Dallas Suburb
Commercial Property News
Tonie Auer, Southwest Correspondent

Fueled by growth in one of the suburbs surrounding DFW International Airport, Hillwood Investment Properties has begun construction on two buildings totaling 790,000 square feet within the Lakeside Trade Center in the Dallas suburb of Flower Mound, Texas. Plans call new buildings to house flex-office and/or flex-warehouse facilities. Financials on the project were not disclosed.The 137-acre Lakeside Trade Center development currently includes three buildings totaling 1.4 million square feet that are 100 percent occupied. The development has attracted nine companies that employ approximately 400 workers. Tenants include Best Buy, Maytag, Stacy Furniture and Exel Logistics. Hillwood began developing Lakeside Trade Center in ...

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August, 26th 2007
Airport authority returns to airlines option
The Press-Enterprise
Josh Brown

When a Texas developer presented a proposal to redevelop the former Norton Air Force Base, local officials thought they had found the key to replacing the jobs that vanished when the military shuttered the base 15 years ago.

 

But seven years later, the plan by Hillwood Development Corp. -- which originally called for turning San Bernardino International Airport into a multiuse cargo hub complete with railroad and air components -- has brought about 1,500 jobs to the former base, far fewer than the 10,000 that existed there when the Air Force had the property.

 

The airport was unable to attract any major cargo operations and the more ambitious parts of Hillwood's plan were ...

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August, 25th 2007
San Bernardino's base redevelopment efforts take circuitous path
The Press-Enterprise
Josh Brown

Two decades ago, Norton Air Force Base in San Bernardino was the center of a vibrant military community, pumping millions of dollars into the region each year through more than 10,000 jobs.

 

But in 1988, the base -- named for a young pilot who perished in World War II -- was slated for closure, sending the city into an economic downward spiral from which it has yet to fully recover.

 

"When the base closed, there was a tremendous exodus of good, stable people," said San Bernardino Mayor Pat Morris. "In their place came a lot people from the margins."

 

The jobless rate in the region swelled to more than 12 percent during the years ...

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August, 22nd 2007
Executive Watch: Promotions
GlobeSt.com

HILLWOOD INVESTMENT PROPERTIES(SAN BERNARDINO, CA) Ned Sciortino rises to vice president of development from development director. He will oversee all aspects of the firm's Inland Empire projects.

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August, 17th 2007
Hillwood Names Sciortino VP of Development
Commercial Property News

Hillwood Investment Properties has promoted Ned Sciortino to vice president of development. In his new role, Sciortino will oversee entitlements, design, quality control and permitting for all of the company's projects in the Inland Empire in Southern California. In his previous capacity as development director for the company, Sciortino oversaw individual projects in the Inland Empire. Sciortino joined Hillwood in October 2003.

 

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August, 16th 2007
HILLWOOD NAMES VICE PRESIDENT OF DEVELOPMENT FOR SOUTHERN CALIFORNIA PROJECTS

Contact: David Pelletier/Hillwood (817.224.6044, dave.pelletier@hillwood.com)

SAN BERNARDINO, Calif. – Hillwood has promoted Ned Sciortino to Vice President of Development for Hillwood Investment Properties. In his new capacity, Sciortino will oversee entitlements, design, quality control and permitting for all of the company's projects in the Inland Empire in Southern California. In his previous capacity as Development Director for Hillwood Investment Properties, Sciortino oversaw individual projects in the Inland Empire.

 

      Recently Hillwood announced its most aggressive building program in the Inland Empire with plans to develop 12 industrial buildings totaling 5.7 million square feet by the end of 2008. Currently 10 buildings of more than 4.3 million ...

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August, 6th 2007
Hillwood Outlines Inland Expansion
GlobeSt.com
Bob Howard

SAN BERNARDINO, CA-Texas-based Hillwood plans to complete 12 new industrial buildings totaling 5.7 million sf at four different developments in the Inland Empire by the end of 2008, including new construction at its Alliance California project. After several years of acquiring property throughout the Inland Empire to complement the Alliance California project, Hillwood is under way on "its most aggressive building program yet in the region," according to John Magness, senior vice president of Hillwood Investment Properties.

 

In addition to Alliance California, the developments include InterChange Business Park, North San Bernardino Industrial Park and and Hofer Ranch at Ontario Airport. Ten of the buildings totaling more than 4.3 ...

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August, 6th 2007
Work begins on trade center building
The Fort Worth Star-Telegram
Sandra Baker

Hillwood has begun speculative construction on a 550,600-square-foot building at the 113-acre Crossroads Trade Center in DeSoto.

 

The building is the first of three planned for the business park, which will have 1.9 million square feet.

 

Click here to read the entire article.

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August, 2nd 2007
550,600-SF Spec Project Underway
GlobeSt.com
Connie Gore

DESOTO, TX-Hillwood has broken ground on a 550,600-sf cross-dock spec warehouse, the first of three boxes for the 113-acre Crossroads Trade Center business park. Based on the going rate for construction, the project stacks up as a $22.2-million undertaking.

 

T. Preston Herold, vice president of Hillwood Investment Properties, says a 39-acre development site has been carved from the park, which has 1,300 feet of frontage on Interstate 35's feeder road at the Interstate 20 junction. Hillwood is just the latest of the region's industrial developers to open its play this year in Dallas County's southern sector for land parked near the Union Pacific Railway's intermodal yard and the Allen Group's 6,000-acre Dallas Logistics Park. At ...

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August, 1st 2007
Hillwood breaks ground on DeSoto industrial project
The Dallas Morning News
Steve Brown

Developer Hillwood said Tuesday that it has broken ground on a 550,600 square-foot industrial project in DeSoto.

 

The speculative warehouse building is under construction in the 113-acre Crossroads Trade Center business park, located on the west side of Interstate 35E just south of Interstate 20.

 

The complex when completed is planned to contain three industrial buildings with 1.9 million square feet.

 

"Crossroads Trade Center is one of the best locations in south Dallas County," T. Preston Herold, vice president of Hillwood Investment Properties, said in a statement.

 

He cited ...

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July, 31st 2007
HILLWOOD TO BUILD 5.7 MILLION SQUARE FEET OF INDUSTRIAL SPACE IN INLAND EMPIRE BY END OF 2008

Contact: David Pelletier, Hillwood (817/224-6044, dave.pelletier@hillwood.com)

SAN BERNARDINO, Calif. – After several years of acquiring property throughout the Inland Empire to complement its development efforts at its AllianceCalifornia project in San Bernardino, Hillwood is underway on its most aggressive building program yet in the region.

 

      By the end of 2008, Hillwood plans to complete a total of 12 industrial buildings totaling 5.7 million square feet in four different developments in the Inland Empire. The developments include InterChange Business Park, North San Bernardino Industrial Park and AllianceCalifornia in San Bernardino, and Hofer Ranch at Ontario ...

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July, 31st 2007
HILLWOOD BEGINS CONSTRUCTION ON 550,600 SQUARE-FOOT SPECULATIVE BUILDING AT CROSSROADS TRADE CENTER IN DESOTO, TEXAS

Contact: David Pelletier, Hillwood (817/224-6044, dave.pelletier@hillwood.com)

DESOTO, Texas -- Hillwood is underway on the construction of a 550,600 square-foot speculative building at its 113-acre Crossroads Trade Center business park in DeSoto, Texas. Located on the west side of Interstate 35E just south of Interstate 20, the 113-acre development will house three buildings totaling 1.9 million square feet. Infrastructure construction and preparation for all three pad sites were completed late last year.

 

      "Crossroads Trade Center is one of the best locations in south Dallas County," said T. Preston Herold, vice president of Hillwood Investment Properties. "Its accesibility to major highways, the nearby UP Intermodal yard and pending general purpose FTZ ...

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July, 31st 2007
Hillwood begins work on DeSoto Industrial building
Dallas Business Journal

Hillwood said Tuesday it has begun construction on a 550,600 square-foot industrial building in DeSoto.

 

The building is going up inside the developer's 113-acre Crossroads Trade Center business park at Interstate 20 and Interstate 35.

 

The building is expected to be completed by the end of this year.

 

Fort Worth-based Hillwood, a Perot company, is a commercial real estate developer. It has developed more than 30 million square feet of commercial space in North Texas since 1999, including its AllianceTexas and Victory projects.

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July, 31st 2007
Hillwood Starts Crossroads Trade Center Spec Building in Texas
Commercial Property News

Hillwood is underway on the construction of a 550,600-square-foot speculative building at its 113-acre Crossroads Trade Center business park in DeSoto, Texas, according to a company release.The development will house three buildings totaling 1.9 million square feet. Infrastructure construction and preparation for all three pad sites were completed late last year. Crossroads Trade Center is included in the application to expand the Southport Foreign-Trade Zone site of FTZ #39 that is pending approval by the Foreign-Trade Zones Board in Washington, D.C.

 

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July, 15th 2007
Freeway expansion seen as catalyst for Rialto, San Bernardino development
The Press-Enterprise
Massiel Ladrón De Guevara

When Interstate 210 opened in Fontana six years ago, it became an economic artery feeding development and growth into the city.

 

Rialto and San Bernardino officials say they hope for similar results after this summer's opening of the final stretch of freeway that will run through both communities.

 

Planning for development around the freeway is well under way.

 

Rialto is pinning its hopes on the ambitious Renaissance Rialto project, a 1,500-acre master-planned community along I-210, west of Ayala Avenue where the Rialto Municipal Airport now stands.

 

San Bernardino officials are ...

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June, 21st 2007
Rialto's big chance
The San Bernardino County Sun
Jason Pesick

RIALTO - For years, the city paid a price for being hard to get to, with only one exit and entrance off the 10 Freeway.

 

But once the 210 Freeway is completed later this year, four new miles of freeway will run through the city.

 

Along with the new freeway access will come a number of new development projects that could help reshape the city's image.

 

"This is our one time in our community's history to map this city's future correctly," Henry Garcia, the city administrator, has said. "We only get one good shot at it."

 

Work on plans for the relatively vacant land along the 210 ...

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May, 14th 2007
Area to get more than traffic
The San Bernardino County Sun
Jason Pesick

RIALTO - Within the next few months, instead of coming to an abrupt end, the Interstate 210 extension will funnel motorists into areas ripe for upscale homes and businesses.

 

The freeway, which was extended from Los Angeles County through Rancho Cucamonga and Fontana, has carried not only cars but economic energy through the area.

 

As the extension is set to be connected to Highway 30 by the end of the year, Rialto is salivating about the goodies in store. Among them are a new Target, restaurants and upscale homes.

 

Most of the buzz about I-210 in Rialto has focused on Renaissance Rialto, a massive retail and housing project that ...

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May, 9th 2007
Rialto officials have hopes for master-planned community
The Press-Enterprise
Massiel Ladrón De Guevara

More housing developments coupled with higher education and income levels are the key elements to making an ambitious 1,500-acre master-planned community along Interstate 210 in Rialto a success, officials said.

 

Although the city is lacking those elements right now, new development such as the Renaissance Rialto project will help change that, Greg Stoffel, of Stoffel & Associates, said Tuesday during a Rialto City Council meeting geared to identify retail opportunities for the Renaissance Rialto project and other areas in the city.

 

The Renaissance Rialto project is expected to be built on Rialto Municipal Airport property along I-210, west of Ayala Avenue. The land would ...

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April, 6th 2007
Rialto getting ready for its renaissance
The San Bernardino County Sun

Everyone looks to benefit from a deal to pave the way for major economic development in Rialto - from the city to the developer, to even another municipality.

 

All appear to be ready to cash in on Rialto's closing its airport, allowing the city to take advantage of the economic renaissance expected from using the site for a far more profitable, massive multiuse project, a la Renaissance Rialto.

 

Tens of millions of dollars are at stake, and we only hope the arrangement wasn't hammered out so quickly that someone ends up getting cheated of their rightful share of the pie.

 

Federal legislation allowing Rialto to close its underused airport requires the city to pay 45 percent of its value to San ...

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April, 4th 2007
Rialto OKs payment to airport
The San Bernardino County Sun
Jason Pesick
RIALTO - The City Council on Tuesday night approved an agreement that will provide San Bernardino International Airport with $49.5 million.

 

The agreement is necessary to allow Rialto to close its airport and replace it with a massive mixed-use development along the Interstate 210 extension.

 

"It'll be put to a much better use," Robb Steel, the city's economic-development director, said after the council had voted.

 

On Monday, Steel said that although the item would remain on the council's agenda, City Administrator Henry Garcia wanted to delay the council vote because at least one council member asked for more information.

 

However, after meeting in closed ...

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April, 4th 2007
Rialto council approves payment to San Bernardino airport
The Press-Enterprise
Massiel Ladrón De Guevara

To clear the way for an ambitious new development and satisfy federal government regulations, the Rialto City Council on Tuesday approved an agreement to pay $49.5 million to San Bernardino International Airport.

 

The payment was required so the federal government would allow closure of Rialto Municipal Airport, where city officials plan to build Renaissance Rialto, a 1,500-acre development along Interstate 210 divided among residential, industrial, commercial and public uses. The development will bring millions of dollars in revenue to the city, said Robb Steel, the city's economic development director.

 

The payment to San Bernardino International Airport will come from the $120 ...

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March, 28th 2007
Southaven to get decor maker
Memphis Commercial Appeal
Amos Maki

Stylecraft Home Collection, a leading provider of lamps and other home accessories, will locate its headquarters at Hillwood's DeSoto Trade Center in Southaven.

 

The company has leased 251,053 square feet in DeSoto Trade Center Building 3, the new 552,106-square-foot building from Hillwood.

 

Hernando-based Stylecraft, founded in 1968, will employ 200 workers in the new facility, which also will serve as the company's distribution center.

 

"Stylecraft is preparing for expansion," said Stylecraft president Charlie McCaffrey.

 

Stylecraft imports home decor items and then assembles ...

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March, 28th 2007
Stylecraft Taps 251,053 SF in Hillwood Park
GlobeSt.com
Amy Wolff Sorter
SOUTHAVEN, MS-Stylecraft Home Collection is expanding its presence by leasing 251,053 sf in DeSoto Trade Center building 3, one of two spec structures that delivered last year. The tenant will move in on or around May 1 from a headquarters location in Hernando.

 

According to T. Preston Herold, vice president for Fort Worth-based Hillwood Investment Properties, Stylecraft wanted to relocate to a state-of-the-art, clear-height building, which prompted the long-term lease for the 552,106-sf spec at 4325 Executive Dr. He says other tenants are looking at the remaining space, but no letters of intent or contracts have been signed.

 

Preston tells GlobeSt.com that the asking rate is $2.95 per sf, triple net, with $3 per sf in ...

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March, 27th 2007
STYLECRAFT HOME COLLECTION TO OPEN HEADQUARTERS AT HILLWOOD'S DESOTO TRADE CENTER DEVELOPMENT

Contact: David Pelletier, Hillwood (817.224.6044 / dave.pelletier@hillwood.com)

SOUTHAVEN, Miss. – Stylecraft Home Collection, a leading provider of lamps, wall décor, accent furniture and home accessories, will locate its headquarters at Hillwood's DeSoto Trade Center development in Southaven, Mississippi. The company has leased 251,053 square feet in DeSoto Trade Center, Building 3, the new 552,106 square-foot building, from Hillwood.

 

      Stylecraft will employ 200 workers in the new facility, which also will serve as the company's distribution center.

 

      "Stylecraft is preparing for expansion," said Charlie McCaffrey, president of Stylecraft Home Collection. ...

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March, 27th 2007
Stylecraft inks distribution lease in DeSoto Trade Center
Memphis Business Journal

Stylecraft Home Collection has leased 251,052 square feet for its new headquarters in Building 3 of Hillwood's DeSoto Trade Center development in Southaven.

Stylecraft, a provider of lamps, wall decor, accent furniture and home accessories, will employ 200 workers in the new distribution center.

The lease occupies almost half of the new 552,106-square-foot Hillwood Building 3.

Hillwood completed the speculative 301,053-square-foot Building 4 and the 865,120-square-foot build-to-suit for Kuehne and Nagel in 2006.

Dan Wilkinson of Colliers Wilkinson & Snowden, Richard Burnette of the Burnette Company and T. Preston Herold of Hillwood represented Hillwood on the deal.

Stylecraft was represented in-house by its chief financial ...

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March, 21st 2007
Desert BNSF yard would mean more jobs
The San Bernardino County Sun
Leonor Vivanco and Andrew Silva

Location, location, location.

 

Major freeways coupled with close proximity to airports has solidified the Inland Empire's position of being a jobs hub mainly for the logistics sector.

 

And the outlook to continue that trend is good given the recent news that an intermodal facility may be on its way to the former George Air Force Base in Victorville and ongoing development of the former Norton Air Force Base in San Bernardino.

 

"Our geography is our destiny. It's through here major railroads flow. It's through here major highways connect to the markets of the East," said Bill Carney, president and CEO of the Inland Empire Economic ...

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March, 11th 2007
Michelin to be first tenant in San Bernardino's InterChange project
The Press-Enterprise
Josh Brown

Michelin North America said it will open in about a year its third Inland region distribution center, bringing an estimated 200 jobs to San Bernardino.

 

The Greenville, S.C.-based tire company in January signed a 10-year lease for an 801,000-square-foot building owned by Hillwood, the Ross Perot-owned company that's also charged with redeveloping the former Norton Air Force Base.

 

The warehouse is part of a 144-acre redevelopment project at the site of the former Culligan water treatment plant in northern San Bernardino near Cal State San Bernardino.

 

Hillwood bought the land, once used as a military munitions site, in 2004 for ...

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March, 9th 2007
Stacy Furniture to open new distribution center
The Fort Worth Star-Telegram
Andrea Jares
Stacy Furniture is opening a 379,700-square-foot distribution center in Flower Mound that will include an outlet store.

 

Click here to read the full article.

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March, 8th 2007
STACY FURNITURE TO OPEN OUTLET STORE, DISTRIBUTION CENTER AT LAKESIDE TRADE CENTER

Contact: David Pelletier, Hillwood (817/224-6044)
FLOWER MOUND, Texas -- Hillwood has leased the 379,700 square-foot Lakeside Trade Center 2 building in Flower Mound, Texas to Stacy Furniture, the Grapevine, Texas-based home furnishings retailer. In addition to utilizing the new space as a distribution center, Stacy Furniture will open a 30,000 square-foot retail outlet store in the building.

 

      This will be Stacy Furniture's fourth location in North Texas. The company currently operates a three-story headquarters and retail showplace in Grapevine, Texas and a showroom in Allen, Texas for Stacy Furniture. The company also owns Dorian's Interior Designs in Fort Worth, Texas.

 

      ...

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