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.