A more than 1 million-square-foot warehouse is rising off U.S. 67 in Midlothian, and Hillwood, the developer behind Fort Worth's sprawling AllianceTexas project, hasn't lined up a single tenant for it yet. The $40 million building, registered with Texas regulators as a speculative tilt-wall industrial facility, marks the third structure planned for Hillwood's Crossroads Logistics Park at 1211 N. Ward Road, and it's a bet that southern Dallas-Fort Worth's industrial boom still has plenty of room to run.
According to filings with the Texas Department of Licensing and Regulation reported by Zabalist, the building is registered at 1,008,328 square feet and is owned by Midlothian South Holding II, LLC. Those state filings list an estimated construction start date of October 10, 2026, and a targeted completion of September 15, 2027, though The Dallas Morning News reports, per CoStar, that Hillwood actually broke ground on the project earlier in August. The Dallas Morning News, in reporting by Nick Wooten, notes that Hillwood representatives did not immediately respond to questions about the building. GSR Andrade Architects designed the project, and construction is expected to wrap in September 2027.
A Park Built for Growth, One Building at a Time
The new structure is the third piece of a planned six-building development at Hillwood Crossroads Logistics Park, on land the Midlothian City Council approved for more than 350 acres of development back in 2021. City officials agreed to kick in $5 million in incentives to support the project, and Hillwood announced its plans for the Midlothian site in 2022. The park already has tenants moving in elsewhere on the property: city permit records and state filings reviewed by Zabalist show Building 4, at 620 Crossroads Drive, recently completed a 31,435-square-foot office buildout for electrical distributor IRBY inside its 306,925-square-foot shell, passing its state accessibility inspection this month.
Nearby, the logistics park sits close to distribution operations for both Target and QuikTrip, according to the Dallas Morning News. Midlothian's industrial footprint has only deepened as the city grows. Local economic development data show that 41% of all jobs in Midlothian are now concentrated in industrial and manufacturing sectors, fed by a labor force of more than 1.28 million workers within a 30-minute drive across Ellis, Dallas, and Tarrant counties. The city's roster of major non-retail employers includes steelmaker Gerdau, with as many as 1,250 local workers, three cement plants, and Target's 1.35 million-square-foot regional distribution hub — a legacy of Midlothian's old nickname as the “Cement Capital of Texas” before it diversified into modern logistics and tech.
Google's Data Centers and a Booming Corridor
Just down the road, Google has built a 375-acre data center campus off U.S. 67 in Midlothian, and the tech giant expanded that footprint in late 2025 with an $880 million filing for a fifth building at the Railport Parkway campus, part of an $40 billion statewide investment push, as reported by The Real Deal. Midlothian's population has surged alongside the development, reaching an estimated 48,834 residents in 2026 — a 37.7% jump from the 2020 census figure of 35,125 — with a median household income of $126,641, according to data cited by World Population Review.
Hillwood has run this playbook before. Along the same U.S. 67 corridor in Cedar Hill, the company developed the 184-acre High Point 67 Logistics Center, where packaging manufacturer Pratt Industries leased a 1.1 million-square-foot facility as part of a $200 million regional investment, according to Commercial Property Executive. That precedent helped establish the U.S. 67 submarket as a serious manufacturing and distribution corridor, one Hillwood is now extending further south into Ellis County.
Betting on an Overheated Market
The speculative nature of the new Midlothian building fits a broader pattern for Hillwood, which is best known for its 27,000-acre AllianceTexas project north of Fort Worth. That flagship development has generated more than $142.9 billion in cumulative regional economic impact and created over 73,000 direct jobs across 64.7 million developed square feet since 1989, according to Hillwood's own corporate disclosures. As of April 2026, Hillwood had expanded its North Texas speculative industrial pipeline to a record 3.1 million square feet under construction with another 2.6 million square feet in pre-development, as reported by The Business Press.
That aggressive strategy tracks with the wider Dallas-Fort Worth market. Industrial leasing across the region totaled 21.1 million square feet in the second quarter of 2026, its highest second-quarter volume since 2022, and leasing activity rose 23.4% year over year, according to Newmark figures cited by the Dallas Morning News. Yardi Matrix data reported by the same outlet shows Dallas-Fort Worth now has more than 31.2 million square feet under construction, giving the region the nation's largest industrial pipeline. Whether Midlothian's newest million-square-foot shell finds a tenant before it's finished remains an open question, but for now, Hillwood is building first and asking questions later.
