CBRE LEASES 54,500 SF AT FORT LAUDERDALE-HOLLYWOOD INTERNATIONAL AIRPORT TO SHORELINE AEROSPACE LLC
Ft. Lauderdale, FL – May 21, 2013 – CBRE arranged a 54,500-square-foot lease on behalf of its client, Airside Fort Lauderdale, LLC at 1800 SW 34th Street in Fort Lauderdale, Florida. The tenant, Shoreline Aerospace LLC, is expanding its business by establishing an airside parts distribution and MRO operation at the Fort Lauderdale-Hollywood International Airport (FLL). Shoreline Aerospace LLC, a global supplier of parts and services to the commercial airline industry and military forces, is leasing the cross-dock distribution facility. Their expanded services will include on-ramp MRO services to airlines and cargo companies including A-C Checks, landing gear services, electronics services and all airplane related maintenance services.
The Shoreline Aerospace location will employ 30 full- and part-time employees with plans for personnel expansion as volume grows over the next few years.
“To distinguish the asset from other properties and to attract the right type of tenant, we embarked on a significant rebranding of the property with the owner,” said Larry W. Genet, CBRE Associate. “Capitalizing on CBRE’s depth of resources and tenant reach we found a quality aerospace firm that was the perfect fit for this unique opportunity.”
Built in 1972 and fully rebuilt in 1999, Airside Fort Lauderdale is a cross-dock industrial facility on 10.66 acres. The property includes its own airside access and is unique in that it has its own aircraft parking ramp large enough for commercial aircraft up to 767 in size. This allows flexibility in offering services to airlines and other airport-related companies.
Airside Fort Lauderdale’s parent company is Lynxs Group, founded and owned by Ray Brimble. After nearly 20 years of developing and managing airport-related properties domestically as well as internationally, Lynxs Group’s entrepreneurial origins remain at the core of its endeavors as well as its spirit of innovation and creativity.
CBRE Senior Vice President Harry Tangalakis, Associate Larry W. Genet and Vice President Tom O’Loughlin provided exclusive representation to Airside Fort Lauderdale, LLC.
About FLL
The Fort Lauderdale-Hollywood International Airport (FLL) is a diverse and dynamic airport system. This airport system serves the needs of over 23 million annual passengers and the general aviation community throughout South Florida. FLL is one of the fastest growing airports in the USA and is undergoing renovations to the tune of $1.5 billion in new investment to improve runways and terminals. There are more than 300 departure and 300 arrival flights a day. FLL offers nonstop service to more than 100 U.S. cities and international service to Canada, Bahamas, Caribbean, Mexico, Latin America, and Europe. FLL is currently undergoing a $1.5B renovation and expansion.
About Shoreline Aerospace
Shoreline Aerospace is a diversified aerospace company providing material and inventory support, supply chain management, purchasing and sourcing, repair management to the commercial and military aerospace markets. We service clients throughout the world by maintaining and constantly updating extensive inventories for Boeing, Airbus, Bombardier, Lockheed, Douglas, and other aircraft. For more information please visit: www.shorelinearospace.com.
About Lynxs Group
Lynxs Group has the expertise, resources, geographic reach, and access to capital sources to engage in aviation related infrastructure and real estate projects around the world. They offer customized development, investment, management, and operational solutions for airports and financial investors and have experience in a wide range of asset classes including: air cargo and logistics facilities, perishable and distribution centers, MRO facilities and hangars, low-cost carrier passenger terminals, temporary facilities, FBO facilities, airport hotels, rental car and parking facilities, and facilities for all types of government agencies which need to be located on airport property.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
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