The Perot Company Hillwood Investment Properties has announced that it has acquired a 200,000 square feet class A distribution center in Northeast Dallas through its U.S. Industrial Fund II.
"We purchased this facility because it is a high-quality, Class A industrial property in a fantastic infill Dallas location," said Tom Fishman, Hillwood's Executive Vice President for Acquisitions and Dispositions, Hillwood Investment Properties. "Our strategy for U.S. Industrial Fund II is to acquire and develop high-quality, functional industrial real estate in major U.S. markets."
According to their press release in Business Wire, 3838 W. Miller Road is situated in the well-established Garland submarket. The distribution center benefits from its closeness to considerable demand of drivers and major transportation arteries. The Miller Road is the named exit off of Interstate 635. The location of the property provides easy access to US 75 and I-35E.
"The Northeast Dallas submarket and Garland remain a prime area for industrial space in Dallas because of its strategic location and solid labor pool," said Toby Rogers, Senior Vice President of Hillwood Investment Properties. "The property is move-in ready and has both existing office and open showroom space."
The 3838 W. Miller Road features 31' clear height, new T-5 lighting, ESFR sprinkler system, 140' truck courts, and skylights and clerestory windows. This class A distribution center can provide up to 30,000 SF of office/ open showroom areas, and more than enough parking for 260 cars.
At, present, the building is available for lease.
Hillwood Investment Properties is a unique full service commercial real estate developer, investor and advisor of high quality real estate. Their team is committed in providing their customers, communities and partners with exceptional and quality service and property management, while exceeding their customer's requirements and schedule. At present, the company is actively involved in development, acquisitions, construction, leasing, and property management of premier industrial properties in the United States, Canada, Germany and Poland.