FOR IMMEDIATE RELEASE02/26/04
BENJAMIN MOORE ESTABLISHES DISTRIBUTION CENTER AT SKYLINE BUSINESS PARK With 69,669 SF Lease, Hillwood’s Mesquite Development Now 100% Leased MESQUITE, Texas — Hillwood has leased the final 69,669 square feet in Skyline Business Park in Mesquite, Texas to Benjamin Moore & Co., one of the country’s leading paint manufacturers. The four-building development with a total of 1,645,624 square feet is now completely occupied.Benjamin Moore will distribute paint products to a seven-state region from its new location in the Skyline 4 building, which the company will occupy in April. Approximately 13 employees will work at the facility.”The Skyline Business Park location works well for Benjamin Moore, because Hillwood was able to provide a building that met our needs close to our manufacturing facility,” said Wayne McElyea, logistics manager for Benjamin Moore. “We particularly were looking for a facility with enough available space to accommodate future growth.”Hillwood began developing Skyline Business Park in 2000, when the company broke ground on build-to-suits of 530,000 square feet for Shippers Warehouse and 400,000 square feet for ICON Fitness & Health. At the time the development was described by local officials as the largest and most significant industrial development ever in Mesquite, Texas. Other customers in the development include Georgia-Pacific, Gerard Roofing, Pride Mobility and Bronco Packaging.”Skyline Business Park has proven to be one of our most successful developments,” said Preston Herold of Hillwood Investment Properties. “Along with the great efforts of the city of Mesquite, Hillwood was able to create a project that has provided jobs and economic development to the area.”Benjamin Moore was represented by Trammel Crow Company’s industrial tenant representation group consisting of Seth Kelly, Ann Huntington and Ryan Keiser. Hillwood was represented by Preston Herold and by Larry Leon and Ned Washburn of CB Richard Ellis.Benjamin Moore & Co., founded in 1883, is one of the country’s leading manufacturers and retailers of premium quality paints, stains and industrial maintenance coatings. A Berkshire Hathaway company, Benjamin Moore & Co. (www.benjaminmoore.com) is headquartered in Montvale, New Jersey.Hillwood, a Perot company, is ranked as one of the top commercial real estate developers in the country and the top residential developer in Dallas-Fort Worth. The company is best known for its development of AllianceTexas, located 15 miles northwest of DFW Airport, and the $420-million American Airlines Center and Victory district near downtown Dallas. Hillwood’s newest projects are Lakeside Trade Center in Flower Mound, Texas; AllianceCalifornia, the 2,000-acre redevelopment of the former Norton Air Force base, in San Bernardino, Calif.; and DeSoto Trade Center, a 225-acre business park in Southaven, Miss., part of the greater Memphis, Tenn. market.# # #Contact: David Pelletier, Hillwood(817/224-6044)[email protected]News Article | 2/26/2004