Plastic Industries, Inc., a plastic packaging manufacturer that produces custom and stock bottles, has leased 75,0000 square feet at 2929 Venture Drive in Janesville, Wisconsin, in the Beloit Ave. Industrial Corridor.
The property, which is owned by STAG Industrial, is a multi-tenant building occupied by manufacturing and distribution firms. Once the facility’s tenant improvements and equipment installations are completed in early 2017, Plastic Industries will begin operations and eventually operate with up to 30 full-time employees.
Headquartered in New Hampshire, Plastic Industries is a privately-held, blow-molding manufacturing company.
Site selection, economic incentive and tenant representation services were provided by Site Selection Group. Meanwhile, Bill Mears (Coldwell Banker McGuire Mears & Associates) and JLL represented STAG.
To facilitate this project, the City of Janesville provided a Tax Increment Financing package with additional assistance pending approval from the Wisconsin Economic Development Corporation.
James Otterstein, Rock County economic development manager, said, “This project continues to reinforce the narrative that manufacturing remains an important, as well as strong, economic component for Wisconsin and the Janesville-Beloit MSA. Our team looks forward to welcoming Plastic Industries into the area’s business community.”