Expansion to bring 20 new jobs to the area
Texarkana, AR-TX, January 29, 2020 – TexAmericas Center headquartered in the Texarkana metropolitan area is pleased to announce our current tenant Loc Performance Products, Inc. headquartered in Plymouth, MI, will expand their space into an adjacent warehouse at 554 Elm Circle, Hooks, TX 75561. The space to be leased is approximately 22,150. Loc Performance will take occupancy of the space on February 1, 2020. The nature of work to be performed onsite is for materials that will be shipped to the buildings, stored, repackaged onsite and then shipped to the destination. The lease term will continue for a period of four (4) months, terminating on the 31st day of May, 2021. Loc has the option to extend the lease beginning on June 1, 2021. The company has the option to extend the lease for six (6) additional periods of one (1) year each. The company is expected to retain about 25 jobs and create 20 additional jobs. The company’s operational budget; TAC and tenant buildout; FF&E; and M&E for the expansion is estimated to be over $500,000.
About TexAmericas Center
Located in the Texarkana metropolitan area, TexAmericas Center owns and operates one of the largest mixed use industrial parks in the United States. With roughly 12,000 development ready acres of land and about 3 million square feet of commercial and industrial product, TexAmericas Center services the four states (Arkansas, Louisiana, Oklahoma, and Texas) markets. Texas is the #1 state for business in the United States of America because of its regulatory environment, tax policies, and workforce quality along with exceptional educational resources, infrastructure, and quality of living. Founded in 1997, TexAmericas Center has the operating capabilities of a municipality but functions more like a traditional real estate development company, offering customized real estate solutions. In addition to controlling our own zoning and permitting processes and sustaining the life cycle of public infrastructure on the complex, TAC has the capability to lease, build-to-suit, or facilitate Greenfield owner-constructed projects in a timely and efficient manner. At TAC, we streamline leasing and manage government development processes all through a single point of contact. Our customers benefit from faster market entry by resolving zoning, permitting, inspection, and state and local incentive programs solely through our organization. Additionally, the Texas Economic Development Council (TEDC) designated a 101 acre site on TexAmericas Center’s central campus as the first S.T.A.R. Site in Texas (Sites That Are Ready for construction to begin), advancing speed to market for our customers. Tenants of TexAmericas Center tend to be private business owners and corporations seeking flexible and cost effective space solutions.
If you would like more information about this topic or TexAmericas Center, please contact Eric Voyles at 903.223.9841 or via email
