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AFCO Selected Finance Design Build Vertiport/Heliport
Aviation Facilities Company, Inc. (AFCO) is pleased to announce that AFCO Nighthawk Vertiport LLC, a joint venture between AFCO and Nighthawk Services LLC, has been selected by the Illinois Medical District Commission (IMD) to develop a vertiport/heliport, on a 10-acre site in the Illinois Medical District, located on the West Side of the City of Chicago.
About the Project
The project will consist of touchdown, liftoff and aircraft parking areas as well as a fixed-base operation that will include a terminal, hangars, fuel, maintenance and other storage facilities, vehicle parking and an access control system. The project will serve the needs of emergency medical helicopter operations along with corporate and charter activity. The project is also being designed to accommodate a new generation of tiltrotor helicopters.
The Illinois Medical District is the nation’s largest urban medical district and includes 560 acres of medical research facilities, labs, a biotech business incubator, raw development area, universities and over 40...
AFCO Acquires Ground Lease to Develop Air Cargo Facility
AFCO received approval from the Capital Region Airport Commission on AFCO’s purchase of rights to a 30-year ground lease from another developer at Richmond International Airport (RIC), Virginia. AFCO will develop a 51,000 square-foot air cargo facility in Cargo Area 6 of the Airport.
The cross-dock air-freight trucking facility will include 41,000 square feet of cargo handling warehouse and 10,000 square feet of office space with tug road access to the apron. Construction will be completed in July 2000. The facility is 60% pre-leased to BAX Global and HBI Priority Freight. The project was financed with Special Transportation Facility Industrial Revenue Bonds....
AFCO Acquires 4th Air Cargo Facility at Seattle-Tacoma
AFCO completed the acquisition of a 35,000 square-foot air cargo facility at Seattle-Tacoma International Airport (Sea-Tac) from Ray Balanos Properties.
The facility was built in 1998 and includes 25,000 square feet of warehouse space, 10,000 square feet of office space and 57,000 square feet of landside parking and loading area. It is 100% leased by Airgo Freight, Inc., Golden Globe Transport, and Petro Card Pacific Express. AFCO previously acquired two cargo facilities at Sea-Tac in 1995 and a third cargo facility in March 1999.
With the purchase of this 4th facility AFCO now owns and operates 152,000 square feet of warehouse and office space and 193,000 square feet of apron space at the Airport....