Hillwood launches new urban division

The developer of Alliance Town Center has launched Hillwood Urban, a new real estate division focusing on large corporate office developments and mixed-use projects.

According to Dallas-based Hillwood, the new division also will target suburban land opportunities in North Texas that may have larger scale elements similar to other Hillwood projects such as Victory Park, Alliance Town Center and Frisco Station.

Leading the operation will be Mike Berry, president of Hillwood Properties. Other Hillwood officials participating in the division include Ken Reese, executive vice president, Hillwood Investments; Walt Zartman, senior vice president, Hillwood Development; Jacob Walter, vice president, Hillwood Development; and Bill Burton and Russell Laughlin, executive vice presidents, Hillwood Properties.

Additional Hillwood associates will be added to the team as new projects are identified, according to a company news release.

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The Hillwood Urban team was assembled to leverage each individual’s experience and involvement in Hillwood’s mixed-use and specialty projects in the last 25 years, according to the company. Among the team’s development endeavors are The Perot Companies headquarters, currently under construction at Turtle Creek; the Perot Museum in Uptown Dallas; and American Airlines Center, as well as numerous high-rise office, residential and hotel developments.

“This group possesses the depth of experience and knowledge to build upon our track record of developing unique urban and suburban projects, managing and developing successful mixed-use legacy developments, and creating nationally recognized public-private partnerships,” Berry said in a news release.

“We’re thrilled about the possibilities that Hillwood Urban brings to our company,” Berry said.

The team also has enjoyed success in Hillwood’s legacy projects, including the 900-acre Alliance Town Center project in north Fort Worth, in the center of Hillwood’s 18,000-acre AllianceTexas development; urban redevelopment at Victory Park in Downtown-Uptown Dallas; and corporate campus projects such as Deloitte University, Fidelity Investments and Mercedes-Benz.

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“We have a uniquely qualified team and believe the time is right to develop high-rise urban product and suburban mixed-use environments catering to these large corporate users,” said Ross Perot Jr., chairman of the Perot Companies and Hillwood.

More information about Hillwood, a Perot company, is available at www.hillwood.com.