HOUSTON – Hillwood, the large Texas-based real estate company, is entering the Houston industrial market with a 718,000-sf industrial park being developed in a joint venture with Copeland Commercial.
“Hillwood is excited to enter the Houston market and we look forward to pursuing additional joint venture opportunities in the area,” said Chris Brown, Senior Vice President-Joint Ventures, Hillwood Investment Properties.
Copeland Commercial, LLC, in a joint venture with Hillwood Investment Properties, will break ground next month on Interstate Commerce Center a 717,706 square foot master planned office and logistics park in North Houston. Near FM 1960 and I-45.
The site has good access to George Bush Intercontinental Airport and Interstate 45, according to Brad Copeland, President of Copeland Commercial.
Matteson Hamilton and Jeremy Lumbreras of Stream Realty will oversee leasing efforts for the project.
Hillwood Investment Properties, a Perot company, is ranked as one of the top commercial real estate investors and developers in the country. The company’s developments currently house facilities for more than 85 companies listed on the Fortune 500, Global 500 or Forbes List of Top Private firms. Hillwood is best known for its Alliance brand that includes the 18,000-acre AllianceTexas, 4,474-acre AllianceFlorida at Cecil Commerce Center, and 2,000-acre AllianceCalifornia.