One Word: Plastics Drive Demand in Anticipation of Activity

Starplast recently signed an 181,540-square-foot industrial lease at Point North.

HOUSTON—According to research from the Greater Houston Partnership, the region is home to 40% of the nation’s annual base petrochemicals manufacturing capacity. Base petrochemicals are the raw materials for producing the plastics and resins eventually made into finished products. In recent years, the refining and processing of oil and gas into chemicals, plastics and other products has helped increase industrial real estate demand, particularly on the east side of Houston and along the Gulf Coast, according to JLL research.

Two transactions drive this point home, one in the form of a lease and the other, an acquisition. Most recently, an Israeli-based household plastics manufacturer, Starplast, signed an 181,540-square-foot industrial lease at Point North located at 8111 FM 1960.