International plastic materials firm moving into DeSoto

DeSoto, TX - Sweden-based plastic materials company, Diab Group leased a building in DeSoto for its U.S headquarters, the Dallas Morning News reports.  

Diab Americas LP will be located at 220 E. Danieldale Road near Interstate 20. The new headquarters has about 23,000 square feet of office space and 242,248 square feet of warehouse space. The international firm plans to move into its new space next month.  

“Diab Americas and the landlord will be spending $5 million to upgrade the facility to the tenant’s world-class standards,” Kevin Santaularia, president and CEO of Dallas-based Bradford Commercial Real Estate Services, said in a statement to the Dallas Morning News.  

Santaularia, Michael Spain and Michael Grant of Bradford negotiated the lease with Craig Jones and Caleb McCoy of Jones Lang LaSalle. 

According to the Morning News, Diab was founded in 1950. The firm purchased a foam products manufacturing line from Saudi Arabia-based company SABIC in June and will relocate the purchased production line equipment to its manufacturing site in the U.S.  

Source: Dallas Business Journal