Hillwood, a Perot company based in Dallas, has recently acquired the Freeport Business Center, an office park located in Irving near DFW Airport, State Highway 114, and Interstate 635. The business center consists of three buildings spread across 34 acres, with a total of approximately 383,000 square feet of office space.
This strategic acquisition by Hillwood is part of their ongoing effort to acquire high-quality, well-located real estate in key areas of North Texas. Despite having a 70% occupancy rate, the Freeport Business Center boasts notable tenants such as Boeing, Sirius XM, Northrop Grumman Corp., and Yardi Systems.
Steve Aldrich, senior vice president of Hillwood, stated that the decision to acquire the Freeport portfolio was driven by its prime location and close proximity to DFW International Airport and major highways, making it an ideal destination for businesses looking for connectivity and access to a skilled workforce. “The Freeport Business Center is an excellent addition to our portfolio,” said Aldrich. “Its prime location and high-quality tenants make it a valuable asset for our business.”
Hillwood’s presence in North Texas began with the development of Perot Field Fort Worth Alliance Airport 35 years ago and has since expanded to include the development of AllianceTexas, as well as playing a significant role in the Victory Park area of Dallas anchored by the American Airlines Center.