Ross Perot Jr.’s Hillwood sells $1.1 billion in properties

Hillwood’s largest North Texas industrial building portfolio is in the AllianceTexas project north of Fort Worth. Courtesy of Hillwoodhillwood_alliance_airport

By Steve Brown and the Dallas Morning News

Ross Perot Jr.’s Hillwood Development Co. is selling $1.1 billion of its warehouse properties to an international investor.

Global Logistic Properties — a Singapore-based firm — said the purchase includes industrial buildings in North Texas, Atlanta, Chicago, Los Angeles, Ohio and Pennsylvania.

The 15 million square feet of buildings are fully leased. Read more >