Deal Ticker: Longtime Vacant Garland Building Gets New Owner From Innovative Industry
Plus Trammell Crow Residential plans Ross Avenue multifamily, Frisco s Shops at Stonebrook exchanges hands, and more.
Garland has approved a deal with
Future Foam, Inc. to renovate and begin operations at 3000 W. Kingsley. Future Foam will spend $3 million renovating the 341,840 square feet facility and reactivate rail service to the facility with this project.
The building has remained vacant since 2015 when APEX Tool Group consolidated its operations from their Garland site into their South Carolina facility, resulting in the loss of 261 jobs.
Nearly $3 million will be invested in renovating the existing facility on the 19.69-acre site. An additional $6 million will be added to the City’s tax rolls from the transfer of operations and from additional machinery and equipment added through the expansion. Initial operations will create 104 full-time positions with plans for further expansion
Foam firm takes long-vacant Garland manufacturing plant Steve Brown, The Dallas Morning News
The white-hot demand for North Texas industrial space is giving new life to a long-vacant Garland manufacturing plant.
The 341,840-square-foot building at 3000 W. Kingsley Road has been empty since 2015, when Apex Tool Group shut down its Garland operations and moved the more than 260 jobs to South Carolina.
Now Future Foam Inc. with help from the city will reboot the old building to create an operation with more than 100 jobs.
Iowa-based Future Foam manufactures polyurethane foam products, including cushions used in furniture, carpet pads, and medical and recycled products.
Company buys 104 acres yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Engineered Foam Market Size Forecast to Reach $120.5 Billion by 2025 Increase in the Demand From the Building and Construction Industry and the Packaging Industry Is Driving the Engineered Foam Market.
Engineered Foam Market
BriefingWire.com, 4/09/2021 - Engineered Foam Market size is forecast to reach $120.5 Billion by 2025, after growing at a CAGR of 8.2% during 2020-2025. Asia-Pacific countries are witnessing the migration from urban areas of people to rural areas. In the near future, this is expected to improve construction activities in urban areas. Since the demand for isolating materials and therefore for engineered foam in urban areas is typically more intense than in countryside, the market is probably on the rise in next few years. Due to its high insulation value, engineered foam is often used in construction applications.
Polyurethane Market Size to Hit USD 87 63 Billion by 2026; Accelerated Pace of Housing and Urban Development in Emerging Economies, Says Fortune Business Insights™ yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.