November 22, 2024 10:07 am
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Plastics company expanding into Valley with new manufacturing plant

manufacturing plant

Business Real Estate Weekly by Rose Law Group

Phoenix – Inteplast Group Ltd. in Livingston, N.J. (Dr. John Young, pres.) plans to hire 70 workers in a plastics manufacturing plant the company is opening in Phoenix. The company paid $5.825 million ($54.95 per foot) to buy a 106,000-square-foot industrial project at 4101 W. Buckeye Road in Phoenix. The seller was a company formed by ProLogis Inc. in Denver, Colo. (NYSE:PLD). The buyer in the cash sale was represented by Bill Rudolph of CBRE in Houston, Tex., and Jerry McCormick, John Werstler and Cooper Fratt of CBRE in Phoenix. The seller was represented through Matt Hobaica and Nate Bubeck of Lee & Associates Arizona Inc. in Phoenix. Inteplast, the largest integrated plastics manufacturer in North America, is expected to be operational in the new Phoenix location by early 2015. Continued

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