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.
Despite having a 70% occupancy rate, the Freeport Business Center boasts notable tenants such as Boeing, Sirius XM, Northrop Grumman Corp., and Yardi Systems. 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.
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. “This acquisition allows us to expand our presence in North Texas and provide even more opportunities for businesses looking for connectivity and access to a skilled workforce,” he said. “We are excited about this opportunity to continue growing our portfolio in key areas of the region.”
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.
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