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 is a strategic addition to Hillwood’s ongoing efforts to acquire high-quality, well-located real estate in key areas of North Texas.
The Freeport 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 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. The strategic location makes it an ideal destination for businesses looking for connectivity and access to a skilled workforce. This acquisition adds to Hillwood’s presence in North Texas which 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.