At the May 7 meeting, Lewisville City Council members approved an economic development agreement to keep Kellogg’s regional distribution facility in Lewisville.
Kellogg’s is a multinational food manufacturing company whose brands include Pop-Tarts, Special K and Eggo.
The agreement provides a 50 percent grant equal to the real property taxes paid to the city of Lewisville to retain Kellogg’s as a tenant for the next five years.
The facility is located in Majestic Realty’s 1 million-square-foot building on Spinks Road.
In 2017, Majestic Realty informed the city that Kellogg’s was looking to move to another facility outside of Lewisville in 2019. Majestic Realty requested certain incentives from the city to retain Kellogg’s.
This tenant provides over 100 jobs in Lewisville and has a business personal property value of over $34 million.