AllianceTexas: $15.4-Bil Economic Catalyst in Nine Power-Dealing Years; Dell May Be Next

FT. WORTH-AllianceTexas’ impact, sown from an initial 9,600 acres of ranch land, has reaped $15.4 billion for the Ft. Worth economy in nine years of Texas-size deals. And, the deals just keep coming.

Last year, Hillwood’s Alliance development had marked its second-largest growth period, creating 3.2 million sf in lease and sales, outdistanced only by the record-breaking 1996 when 3.3 million sf in deals had been inked. Year 2000′s tally bolsters findings of an impact study, released yesterday, that predicts another $38.5 billion will follow in the next nine years. The Insight Research study, commissioned by Ross Perot’s team, concludes that one in every 14.8 jobs in the Tarrant County-Arlington region is somehow affected by the still-growing AllianceTexas.

It had been a 1.2-million sf JC Penney facility on 100 acres that had catapulted 1996 into a record year. Year 2000 has been marked by a series of large-scale deals, ranging from 300,000 to 400,000, that are responsible for the rosy economic picture. The year’s largest deal, yet to be announced, is a 400,000-sf build-to-suit on 21 acres for an existing customer’s expansion in Alliance’s Westport section, an inside source has told GlobeSt.com.