Dallas-based real estate developer Hillwood Investment Properties has hired Lehigh Valley industrial development veteran Michael Alderman to oversee portfolio growth in the northeastern U.S.
Hillwood, which has its Pennsylvania office in Susquehanna Township, has developed several large industrial projects in Central Pennsylvania over the years. One of its most recent was the Starbucks distribution center in York County.
Alderman comes from Liberty Property Trust of Bethlehem, where he was vice president and market officer and was responsible for the company's 26 million-square-foot industrial portfolio in Pennsylvania. Liberty has developed industrial projects throughout Central Pennsylvania and the Lehigh Valley.
In his new role, Alderman will be responsible for land and building acquisitions, joint ventures, development and leasing activity in the Northeast.
"We see significant opportunities for strategic growth in this market," said Gary Frederick, senior president and Northeast market leader.
Alderman graduated from Susquehanna University and has been in real estate for more than 20 years. He is the younger brother of Dan Alderman, a longtime commercial real estate agent at NAI CIR in Wormleysburg.