Hillwood has offered Alliance Northport, a three-building industrial park totaling 911,654 sq. ft in Northlake, Texas. KKR acquired the Class A+ portfolio inside AllianceTexas, in accordance with Denton County data.
Overlaying 62 acres, Alliance Northport contains:
- Alliance Northport 2, a 460,248-square-foot tri-load facility at 17801 I-35W Frontage Highway
- Alliance Northport 4, providing 225,472 sq. ft with a front-load design at 4000 Dale Earnhardt Method
- Alliance Northport 5, providing 225,934 sq. ft with a rear-load configuration at 4100 Dale Earnhardt Method
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JLL marketed the property on the market. The economic park presently has a 95 % occupancy fee and a weighted common remaining lease time period of greater than 9 years. Primarily based on the itemizing, the tenant roster contains Walgreens, Crown Tools, Good Warehousing and Mainfreight. The property additionally has a 42,282-square-foot portion of vacant area.
Alliance Northport options single-story amenities geared up with ESFR sprinkler methods, clear heights between 32 and 36 ft, truck courts starting from 135 to 185 ft together with a complete of 406 automotive parking areas, in accordance with CommercialEdge knowledge.
All three amenities are inside a International-Commerce Zone and are simply accessible: simply off Interstate 35 West, inside 6 miles of Fort Value Alliance Airport, roughly 8 miles from BNSF Railway’s Alliance Intermodal Facility in addition to lower than 19 miles from Dallas-Fort Value Worldwide Airport.
North Fort Value’s multi-sector gem
Developed by Hillwood, AllianceTexas is a mixed-use master-planned neighborhood throughout 27,000 acres in Dallas-Fort Value’s North Fort Value submarket. The multi-sector hub contains industrial, workplace, retail, residential and knowledge heart properties together with undeveloped land.
AllianceTexas encompasses a complete of 53.4 million sq. ft, developed since its inception in 1990 that introduced greater than 63,000 jobs by the top of final yr to the world, in accordance with a presentation by Mike Berry, president of Hillwood, throughout a Fort Value Metropolis Council work session. The mixed-use AllianceTexas enterprise park closed 2021 with 3.6 million sq. ft in new leases, in addition to lease renewals totaling 2.7 million sq. ft.
Notable tenants embody Mercedes-Benz Monetary Companies, UPS, Meta and Amazon. AllianceTexas continues to attract tenants new and outdated. In 2020, Charles Schwab relocated its headquarters to a 1.2 million-square-foot campus inside Circle T Ranch. Final yr, Walmart expanded its presence with the acquisition of a 1 million-square-foot facility in Alliance Westport.
Hillwood continues to broaden AllianceTexas. The developer not too long ago introduced plans for The Campuses at Circle T, which can embody six or seven company campuses, a part of the two,500-acre Circle T Ranch. The Gensler-designed properties encompassing 10 million sq. ft will encompass a brand new park by panorama architect Nelson Byrd Woltz.