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Dallas-Fort Worth keeps attracting new speculative industrial building development.
On Tuesday, Hillwood announced it is under construction on Alliance Westport 16, a 1.2 million-square-foot speculative industrial building in the Alliance Logistics District.
Construction should be completed by July 2027.
With this project, Hillwood’s total industrial pipeline across AllianceTexas includes 8.2 million square feet under construction or in design, comprising 6.8 million square feet going vertical and 1.4 million square feet in design.
The industrial projects continue to draw interest ranging from the more straightforward uses such as manufacturing and distribution to more unusual projects, such as the production studios Hillwood has built for the TV series “Landman” and producer Taylor Sheridan.
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At the June 23 Fort Worth City Council work session, economic development officials discussed incentives for a defense technology company that would manufacture unmanned aerial vehicles at Alliance Gateway 34. That project, awaiting a vote from city council on incentives, could see over 1,000 well-paying jobs to the area.
“Alliance Westport 16 continues Hillwood’s AllianceTexas strategy to continually have available, ready-to-occupy Class A speculative industrial options of all sizes,” said Samuel Rhea, vice president of Hillwood, in a news release.
Hillwood is seeing great demand for million-square-foot-plus facilities, particularly ones that are close to a variety of transit options, he said.
“With its location in the Alliance Logistics District connecting directly to BNSF’s Alliance Intermodal Facility via a private bridge, Alliance Westport 16 is positioned to improve speed, cost and efficiency across the supply chain,” Rhea said.
A speculative industrial building is a warehouse, distribution or manufacturing facility constructed by developers without a precommitted tenant or buyer.
Hillwood is not the only firm planning speculative industrial buildings in Fort Worth.
In May, Dallas-based Constellation Real Estate Partners acquired 44 acres of land at 5933 S. Freeway for the development of Constellation Summit 35, a 492,624-square-foot speculative industrial building.
A report from CommercialSearch, completed before the new buildings were announced, said Dallas-Fort Worth was the top market in the U.S. for the most industrial real estate space under construction at the start of 2026, with 28.8 million square feet of industrial space currently under development.
While logistics facilities are the largest projects underway in the area, the report says that manufacturing and data centers are also driving demand for industrial space.
Bob Francis is business editor for the Fort Worth Report. Contact him at bob.francis@fortworthreport.org.
Disclosure: Hillwood is a financial supporter of the Fort Worth Report. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.
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by Bob Francis, Fort Worth Report
June 23, 2026
Bob Francis is a Fort Worth native and journalist who has extensive experience covering business and technology locally, nationally and internationally. He is also a former president of the local Society… More by Bob Francis
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