Hillwood to Build 608,322 Square-foot Build-to-suit for Bridgestone/Firestone At AllianceTexas; Deal is Largest Industrial Lease in Dallas-Fort Worth Since 1999ROANOKE, Texas--Nov. 6, 2001--Bridgestone/Firestone, Inc., the largest subsidiary of the world's largest tire and rubber company, has leased a 608,322 square-foot build-to-suit in the 15,000-acre AllianceTexas development from Hillwood. The new facility will be located at 600 Gateway Parkway in Roanoke, Texas.
"Alliance is a perfect location for a number of reasons: good access to major freeways, close proximity to the BNSF Intermodal yard, and the attractive package offered by the city of Roanoke," said Nelson Miller, Director of Physical Distribution for Bridgestone/Firestone. "That combined with the premier developer, Hillwood, made AllianceTexas our first choice."
Bridgestone/Firestone was represented by Brett Tremaine of Lee & Associates in California and Trey Fricke of Henry S. Miller Company.
The deal is the largest lease in terms of square footage executed in Dallas-Fort Worth since 1999. Over the past two weeks, Hillwood has completed 2-of-the-3 largest leases done in Dallas-Fort Worth in 2001. Last week Hillwood announced a 375,000 square-foot lease with Georgia-Pacific at Skyline Business Park in Mesquite, Texas. This year in North Texas, Hillwood has leased 3.1 million square feet of commercial space, including 5-of-the-7 largest industrial leases in Dallas-Fort Worth in 2001.
"Hillwood is working closely with Bridgestone/Firestone to build a first-class distribution center that will help the company serve a large section of the country," said Bill Burton, senior vice president of Hillwood Properties. "With 31 Fortune 500 companies and 26 Global 500 companies, AllianceTexas has created the business climate and the image that major corporations, such as Bridgestone/Firestone, find attractive."
Nashville, Tenn.-based Bridgestone/Firestone, Inc. (www.bridgestone-firestone.com) is the largest subsidiary of Japan-based Bridgestone Corporation, the world's largest tire and rubber company. Bridgestone/Firestone develops, manufactures and markets Bridgestone, Firestone, Dayton and associate and private brand tires. The company also produces Firestone air springs, roofing materials, synthetic rubber, and industrial fibers and textiles. Bridgestone/Firestone employs 41,000 employees in the United States and Canada and 10,000 people in Mexico and Latin America.
AllianceTexas(SM) includes the commerce centers of Alliance(R), the corporate campuses of Circle T Ranch(SM) and the fully wired residential community of Heritage(SM). With 15,000 acres over a 65-square-mile area, AllianceTexas offers a wide variety of real estate options along with the best in education and recreation, all tied together with the latest technology to provide an unmatched quality of life. AllianceTexas now houses more than 100 companies, including 31 from the Fortune 500. In just over a decade, these firms have invested $4 billion to build 19.4-million square feet, create 20,000 fulltime jobs and generate $147 million in property taxes.
Hillwood (www.hillwood.com), a Perot Company(SM), is one of the world's premier real estate investment and development companies using technology, innovation and an uncompromising focus on quality to stay one step ahead of a changing world. In addition to AllianceTexas, Hillwood also is developing Victory(SM), the dynamic new 70-acre live, work and play district in downtown Dallas anchored by the world's foremost sports and entertainment facility -- the $420-million American Airlines Center. The 15,000-acre AllianceTexas development includes Alliance, the world's preeminent logistics and commerce center; Circle T Ranch, a pastoral setting for high-end corporate campuses and the exclusive golf community of Vaquero; and Heritage, one of the country's first high-tech residential communities. Hillwood(R) is a leading national developer of industrial buildings with properties in markets coast to coast. Hillwood's other holdings include prestigious golf courses in Los Angeles, Houston and Frisco, Texas; residential communities in Dallas-Fort Worth, Maui and on the Kohala Coast of Hawaii; a resort shopping center in Maui; an entertainment mall in Tucson, Ariz.; and a mixed-use project in Alpharetta, Ga.