NEWS

Israel-based plastics co. to base U.S. manufacturing operations in Houston

Tuesday, Oct 10, 2017

Israel-based plastics manufacturer Starplast signed a 181,540-square-foot industrial lease in north Houston, which will serve as the base of its U.S. manufacturing operations.

The lease is at 8111 FM 1960, a 250,660-square-foot building called Point North 8111, according to JLL. Ryan Fuselier and Travis Secor with JLL represented Starplast in the lease, and David Hudson of Duke Realty represented the landlord.

According to Duke Realty’s website, Point North 8111 is within the Point North Cargo Park near George Bush Intercontinental Airport and U.S. Highway 59.

Point North 8111’s features include cross-dock configuration, 28-foot clear heights and fully fenced outside storage.

Starplast manufactures household plastic products and will use its new space to manufacture injection molded plastics as well as for the storage and distribution of finished goods, according to JLL.

“Starplast decided to manufacture in the U.S. in part due to increased customer demand for U.S.-made goods,” Fuselier said in JLL’s press release. “They chose Houston in particular because of the availability of plastic resins and a seasoned labor force with a deep knowledge of the plastics industry.”

As of 2016, the Houston region was home to 570 chemical plants and 40 percent of the nation’s annual base petrochemicals manufacturing capacity, according to the Greater Houston Partnership. Base petrochemicals are the raw materials used to produce many plastics and resins. The region’s petrochemical industry has helped increase industrial real estate demand in Houston and along the Gulf Coast, JLL noted.

Meanwhile, JLL recently reported that more than 50 percent of the industrial leases signed in the third quarter were in the north Houston submarket— where Starplast leased its space. The north submarket still had the highest industrial vacancy rate in Houston, with 8.6 percent vacancy, but the city’s overall industrial market is fairing quite well, with 4.9 percent total vacancy.

 

Source:bizjournals.com

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