Regal Plastic Supply Company, the Midwest’s leader since the mid-1950’s of plastic sheet, rod, tube, film and fabricated parts, has purchased and closed on the 50,000+ SF facility at 9200 Royal Lane in Irving. They closed on the facility in Irving on Tuesday January 31.
The company plans to relocate and occupy the facility at 9200 Royal Lane no later than November 1, 2012, following the completion of tenant improvements.
Currently, Regal Plastic has 30 full-time employees and by more than doubling their physical space in Irving, they estimate creating upwards of 70 full-time jobs within the next 10 years. The company will add approximately $3 million in new, taxable real and business personal property value to Irving’s tax roll, and also generate an additional $20.4 million in taxable sales, thus helping to to sustain Irving’s low residential tax base.
This news comes in response to another great team effort put forth by the Irving Economic Development Partnership to formulate a small, yet attractive incentive offer to Regal Plastic.
Regal Plastic is relocating from Dallas and their current location at 2356 Merrell Road.