Tool Manufacturer Building In AllianceTexas, Where 10% Of DFW Industrial Construction Is Underway
Tool and device manufacturer Stanley Black & Decker plans to break ground on a 425K SF plant in AllianceTexas this summer.
The plant, which will construct Craftsman mechanics tools, will be the manufacturer's second major location in the Fort Worth development when it opens in 2020.
Stanley Black & Decker also inked a deal to open a 1.2M SF distribution center at AllianceTexas earlier this year to function as the company's centralized hub for tools manufactured at 30 U.S. plants.
The previously announced distribution location is situated in the Alliance Northport sector of the development in Northlake and is 1 mile away from the plant under construction.
The newest plant is anticipated to bring 500 full-time jobs with it, adding to AllianceTexas’ growth as a hub for industrial firms and thousands of employees.
“The addition of Stanley Black & Decker’s manufacturing operations at AllianceTexas reinforces the importance of retaining and creating new job opportunities in the United States,” The Perot Group and Hillwood Chairman Ross Perot Jr. said in a statement. “The state-of-the-art manufacturing facility at AllianceTexas will help generate hundreds of jobs in Fort Worth and North Texas, which will have a lasting impact on the region.”
AllianceTexas represents a significant portion of the construction pipeline occurring in the Dallas-Fort Worth Metroplex.
“We currently have five buildings totaling 3M SF under construction at AllianceTexas,” Hillwood Senior Vice President Tony Creme said. “There have been a few reports recently by some research firms that show there are about 30M SF under construction across Dallas-Fort Worth right now, so 10% of that is taking place at AllianceTexas.”
Developer Hillwood created the master-planned AllianceTexas development in 1989, and after 30 years, it still has plenty of construction pipeline and land left to grow its industrial footprint.
“We have enough land to develop over 36M SF of industrial distribution and manufacturing facility at AllianceTexas,” Creme said.
“We have significant land holdings available within the core AllianceTexas project to essentially almost double the amount of space we have on the ground today. We’re about 50% developed today, and we’re 30 years in. I would say we have decades left and we continue to acquire new land to grow the projects.”