Hillwood acquires 3-office portfolio in Irving

Dallas-based Hillwood is the new owner of an Irving office park.

Hillwood, a Perot company, has acquired the three-building Freeport Business Center, located near DFW Airport, State Highway 114 and Interstate 635.

The office portfolio spans 34 acres and about 383,000 square feet total.

With a 70% occupancy rate, it has notable tenants include Boeing, along with Sirius XM, Northrop Grumman Corp. and Yardi Systems.

“Hillwood’s decision to acquire the Freeport portfolio is a strategic move to obtain well-located, quality real estate in infill locations around North Texas,” said Steve Aldrich, senior vice president of Hillwood.

“Its prime location, coupled with its proximity to DFW International Airport and several major highways, positions it as a highly desirable destination for businesses seeking exceptional connectivity and access to an abundant and talented workforce.”

Hillwood’s North Texas portfolio kicked off with the development of Perot Field Fort Worth Alliance Airport 35 years ago. Beyond the 27,000-acre AllianceTexas, it has played a key role in Dallas’ Victory Park area anchored by American Airlines Center.

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