The project calls for the relocation of a five-mile stretch ofFM 156 and the parallel BNSF tracks plus a 1,400-foot extension tothe 9,600-foot runway at Fort Worth Alliance Airport. "It's goingto be very exciting," says Tony Crème, vice president of HillwoodProperties. "We always knew 156 would get relocated and open uphundreds of acres for us."

The 150 acres will have FM 156 at its front door, the intermodalyard at its rear door and a private road bisecting the land sofuture tenants can have a no weight-limit thruway directly into theBNSF hub. Based on Hillwood's typical 40% coverage, the land willsupport roughly 2.6 million sf--all planned to be leasedbuild-to-suits.

"We're not going to sell any of this," Crème tells GlobeSt.com."It's extremely valuable land and very limited." And, he confides,there is one deal already working and another that's about to bepursued.

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

  • 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
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.