Tue, Feb 17, 2015
City Council OKs 50-Year Ground Lease For The Facility
The Chandler, Arizona City Council has approved a 50-year ground lease agreement for the WingSpan Aviation Center at Chandler Municipal Airport (KCHD).
The first phase of the project will include 80,000 square feet of hangar/office space. Each hangar building may be equipped with offices, meeting space and/or an Aviation Business Lobby (ABL).
"This is an excellent project with direct freeway access and limited airspace delays that creates a really attractive opportunity for those who cater to the aviation business sector,”said Mayor Jay Tibshraeny. “WingSpan Aviation Center will be a unique addition to the development activity we’re seeing throughout the Airpark Area."
Chandler Municipal Airport anchors the city’s Airpark area, one of Chandler’s largest employment corridors, second only to the nearby Price Corridor. The Airpark is dubbed Chandler’s ‘final frontier’ for growth as the city moves towards build-out, and fewer large tracts of commercial land are available.
Chandler resident and longtime pilot Jim Moore, CEO of WingSpan Business Investments said, “We’ve researched and designed every detail of what businesses need in order to maximize productivity. We are blending structured steel buildings with contemporary architecture, technology and modern amenities, resulting in a highly sought after product.”
Future phases include additional hangar/office space and build-to-suit offices, pending taxi access to the runway. The property is expected to be built out in about five years with 250,000SF of space.
“We’ve struck just the right product by offering both a standardized building as well as remaining flexible to accommodate unique building requests as they surface,” said Moore.
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