The Perot family-owned Hillwood company, based in Dallas, has recently acquired the Freeport Business Center in Irving, Texas. This office park is situated near major transportation routes, including DFW Airport, State Highway 114, and Interstate 635. Covering 34 acres with a total of approximately 383,000 square feet, the office portfolio boasts a 70% occupancy rate and notable tenants such as Boeing, Sirius XM, Northrop Grumman Corp., and Yardi Systems.
According to Steve Aldrich, senior vice president of Hillwood, the acquisition of the Freeport portfolio was a strategic decision to acquire high-quality real estate in well-located areas within North Texas. The prime location near DFW Airport and major highways makes it an attractive destination for businesses looking for excellent connectivity and access to a skilled workforce. Hillwood’s presence in the North Texas real estate market dates back 35 years with the development of Perot Field at Fort Worth Alliance Airport. In addition to the 27,000-acre AllianceTexas development, Hillwood has been involved in the revitalization of Dallas’ Victory Park area, home to the American Airlines Center.
