Octal, Inc. Signs 130,720-Sf Industrial Lease in West Chester

WEST CHESTER, Ohio - Feb. 26, 2014 - PRLog -- OCTAL, a world leader in polyethylene terephthalate (PET) resin and integrated PET sheet manufacturing, will occupy its first North American plant at 5399 East Provident Drive. Cushman & Wakefield represented OCTAL for the 130,720- square-foot office and warehouse lease in collaboration with Cincinnati Commercial Realtors, a  C&W Alliance firm.

Mark Collins and Dean Collins of Cushman & Wakefield's Dallas-based tenant advisory group joined Josh Young and Si Pitstick of Cincinnati Commercial Realtors to broker the transaction for OCTAL.

"This was a six to eight month process of performing the proper studies and analyzing which markets made the most sense for OCTAL to place its first North American plant," Mark Collins said. "We worked very closely with our alliance firm partners at Cincinnati Commercial Realtors to find the right mix of location, incentives and opportunity for OCTAL. This was a collaboration at every phase of the process, and that's important when you're dealing with an important, international client who is new to the market."

The site is located in an industrial park 20 miles north of Cincinnati, just off interstate 75. Other notable tenants in the park include Totes Isotoner and TradeGlobal. Dugan Financing LLC (Duke Realty) is the landlord.

OCTAL has emerged as the world's largest PET sheet producer and the largest PET resin producer in the Middle East. The company was formed in 2006, and recent expansion has tripled production from 350,000 metric tons per year to 1 million metric tons as the company's unique and patented DPET^TM sheet continues to revolutionize the packaging industry. OCTAL's products are used to package fresh food, beverages, pharmaceuticals, electrical goods and other consumer goods. This latest investment in North America will focus on converting post-industrial PET flake and resin into reusable rPET Sheet, allowing OCTAL to meet the growing demand of rPET in the agricultural packaging sector.

"We performed an in-depth site analysis to determine the optimal location for OCTAL's long-term growth plan," Mark Collins said. "They are a successful company that will bring jobs and investment into the area."