FORT WORTH-AllianceTexas, a footprint for many CRE firsts in North Texas, has landed yet another. Not only will it be the home base for a startup passenger and cargo air charter company, but the win also makes it the first operator of its type to be based at Fort Worth Alliance Airport.

Construction on Peregrine Point LLC’s 58,800-sf office and two connected hangars got under way yesterday on a 6.5-acre ground-leased tract along Heritage Parkway at the southeastern end of the airport. Peregrine Point, led by general manager Randy Taylor, set up shop about three months ago in temporary space at AllianceTexas.

“They were looking at different points around the country and selected Alliance,” says Bill Burton, senior vice president of Hillwood, the mastermind behind the 17,000-acre AllianceTexas. He tells GlobeSt.com that 15 employees have been hired to date and that is expected to double as the operator shifts into high gear in August. The company is a mix of pilots and technicians from several US cities.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.