RM Crowe simultaneously sold and formed a 6.84-acre parcel at 4250 N Belt Line Road in Irving, Texas, which will be redeveloped into a 118,032-square-foot Class-A industrial facility — a strategic addition to one of DFW’s most active industrial submarkets. RM Crowe will remain a key player in the project as a general partner and equity investor.

The project is a joint venture between RM Crowe, Foundry Commercial and Crow Holdings (which is providing additional equity). Holt Lunsford Commercial has been selected to handle leasing for the project, bringing market-leading insight and reach to attract top-tier tenants.

The development will replace an existing structure with a modern industrial facility featuring 32-foot clear heights and highly functional design tailored to meet the needs of today’s logistics, manufacturing, and e-commerce users. Demolition is scheduled to begin in September 2025, with project delivery anticipated by Summer 2026. The new facility will help meet continued demand for Class A space in the Dallas-Fort Worth industrial market — one of the most competitive and fastest-growing in the country.

Hillwood, developer of the 27,000-acre AllianceTexas master-planned development in Fort Worth, Texas, announced two new Class-A speculative industrial buildings — Alliance Westport 15, a 798,494-square-foot facility at Mobility Way and Intermodal Parkway, and Alliance Gateway 34, a 310,036-square-foot building at Westport Parkway and Independence Parkway.

These buildings mark the next step in Hillwood’s industrial design and delivery strategy to deliver next-generation industrial space across AllianceTexas for new and existing customers looking to relocate or expand operations. Designed for modern logistics and manufacturing users, both facilities feature top-tier specifications and benefit from direct access to major transportation infrastructure. Alliance Westport 15 offers direct connectivity to Intermodal Parkway, FM 156, Perot Field and the BNSF Railway’s Alliance Intermodal Facility. Alliance Gateway 34 is located four miles east, between U.S. 377 and the recently expanded State Highway 170.

Construction is scheduled to begin on both buildings in September, with completion expected on both in 2026.

“Demand at AllianceTexas remains strong among top-tier logistics and manufacturing users,” said Bill Burton, executive vice president of Hillwood. “Alliance Westport 15 and Alliance Gateway 34, located in two distinct industrial sectors within AllianceTexas, reflect our ongoing strategy to deliver move-in-ready Class A facilities with enhanced power and infrastructure resilience. Maintaining a pipeline of high-quality speculative space is essential to supporting both new and existing customers.”

These projects follow two recent speculative space milestones at AllianceTexas:

• SGS Studios, in partnership with Hillwood, launched a 450,000-square-foot film and television production campus — now the largest operating studio facility in Texas — at the previously named Alliance Center East 2 & 3 speculative sites (completed in 2024).
• Wistron, one of the world’s largest electronics manufacturers, announced plans for two AI supercomputing facilities within AllianceTexas, including Hillwood’s Alliance Westport 14 speculative project (completed in July 2025).

These achievements also underscore the City of Fort Worth’s leading role in attracting new industries.

Alliance Westport 15 and Alliance Gateway 34 will leverage AllianceTexas’ world-class transportation infrastructure, anchored by the AllianceTexas Mobility Innovation Zone (MIZ), Perot Field Fort Worth Alliance Airport (AFW) and the BNSF Alliance Intermodal Facility. As a one-of-a-kind ecosystem, the MIZ provides mobility innovators with infrastructure and strategic partnerships to scale and commercialize new technologies and propel transformational mobility solutions. AllianceTexas’ supply chain network amenities include the FedEx Ground Hub, two UPS Ground Sort Hubs, the FedEx Express Southwest Regional Air Hub and the Amazon Air Regional Hub.

Alliance Westport 15 will benefit from Denton County’s low-tax cost structure and up to 60 percent drayage cost savings due to its proximity to the Alliance Intermodal Facility. The facility will include a 40-foot clear height, 570-foot building depth, 60-foot loading bays and a cross-dock configuration with two 190-foot truck courts and land to construct a third. The building will initially provide 199 trailer parking spaces and 360 car parking spaces.

Alliance Gateway 34 will be 310,036 square feet, divisible to 146,947 square feet and will include a 36-foot clear height, 310-foot building depth, 60-foot loading bays and a rear-load configuration with a 190-foot truck. The building will initially provide 73 trailer parking spaces and 286 car parking spaces. Spec tenant improvements, including +/-2,500 square feet of main office space, LED warehouse lighting, warehouse power and dock door packages, will be constructed with the shell building, allowing a customer to immediately occupy and operate within the building upon completion of construction.

The buildings are designed byGSR Andrade Architects, Westwood Professional Services provided the buildings’ civil engineering design, and Hillwood Construction Services will serve as the general contractor for the projects. Frost Bank financed Alliance Westport 15, and Alliance Gateway 34 is financed by b1BANK.

Following a period of heightened uncertainty, bidder dynamics now appear to be stabilizing heading into the third quarter, and the depth of capital targeting commercial real estate continues to grow.

This is the positive news from JLL’s Global Bid Intensity Index, an indicator of future transaction volumes. This report offers a real-time view on the improving liquidity and competitiveness in private real estate capital markets.

The stabilization in bidding dynamics comes as property sector performance fundamentals are holding up and asset valuations have generally held firm year-to-date in 2025, even with investor sentiment being tested.

JLL’s Global Bid Intensity Index analyzes proprietary bid data across investment sales transactions to identify areas of acceleration or deceleration. In July of 2025, JLL’s Global Bid Intensity Index marked the first month-over-month improvement since December of last year, which could mean a market-wide indication of more competitive bidder dynamics, following a period of more volatile bond markets and trade policy uncertainty.

“With no shortage of liquidity, institutional investors are returning to the market with more capital sources and a renewed appetite for real estate,” said Ben Breslau, Chief Research Officer at JLL, in a statement. “While further recovery is expected to be gradual after moderating earlier this year, borrowing costs and real estate values in most markets have stabilized, so we expect momentum to pick up through the second half of the year.”

Despite increased market uncertainty brought on by tariff announcements, bid-ask spreads are improving toward healthy levels across multiple sectors. This is most evident in the living sector, where bidding dynamics remain at elevated levels and lead major property sectors globally. Retail bid intensity is at improved levels compared to earlier last year, driven by the sector’s strong fundamentals. While supply chain uncertainty has impacted bidding intensity in Industrial and logistics, office bid dynamics are showing improvement, driven by growing bidder pools and a greater number of lenders quoting on office loans.

With investors gradually accepting uncertainty as the new normal, amid sustained trade and geopolitical tensions, Breslau says this is leading some to embrace higher risk tolerances.

“The attractiveness of CRE investments as a long-term store of value remains intact. As more investors move to a ‘risk-on’ mode, coupled with the exceptionally strong debt markets, we expect this will lead to continued growth in capital flows,” Breslau said.