AFCO Acquires Air Cargo Facility
Dulles, VA., (February 21, 2017) – Aviation Facilities Company, Inc. (AFCO) completed the purchase of an air cargo facility at Mather Airport (MHR) in Sacramento, California from GE Capital Aviation Services. The MHR facility is situated on a 4.5-acre site with direct ramp access and includes 33,300 square feet of air cargo warehouse and office space that is fully leased to UPS Supply Chain Solutions (UPS SCS).
“The acquisition of the MHR facility reflects our strategy of acquiring on-airport assets with credit quality tenants like UPS SCS,” said Chuck Stipancic, President & CEO of AFCO.
The MHR facility is used by UPS SCS to support its regional and local trucking operation and for UPS aircraft that operate at the airport. MHR is owned and operated by the County of Sacramento and is part of the Sacramento County Airport System.
“We are delighted to expand our relationship with UPS SCS and we look forward to working with the County to...
The Washington Airports Task Force is a leadership organization that works on bringing solutions to the problems affecting our airports and the quality of air services they provide, as well as their ability to expand, because air service is important to our region’s economy.
Stipancic succeeds David Whitestone, a partner in the Washington, D.C. office of Holland & Knight and an elected member of the firm’s managing Directors Committee. Whitestone has successfully chaired the Washington Airports Task Force since 2008. “David’s experience on Capitol Hill and as counsel for airlines and airports has proved invaluable as he led the organization through some very challenging times. We are grateful that David will remain on the Board and continue his support,“ said Keith Meurlin, President of the Washington Airports Task Force.
Chuck Stipancic is President and CEO of Aviation Facilities Company, Inc., (AFCO), a market leader in the development and management of airports and airport infrastructure. The company and its affiliates currently have infrastructure...
AFCO Master Development Agreement Approved
January 27, 2013 – Aviation Facilities Company, Inc. (AFCO) is pleased to announce that the Gary/Chicago International Airport Authority today unanimously approved development and management agreements to dramatically improve the economic landscape of the airport, the City of Gary and Northwest Indiana.
AFCO will Lead the Development
Under the terms of the agreements, AFCO will lead the development effort while its affiliate, AFCO/AvPORTS Management LLC (AvPorts) will lead the airport management effort. The transactions represent the culmination of a year-long public procurement selection and negotiation process that has been timed to coincide with the final stages of completion for extension of the main runway to 8,900 feet.
The development agreement is expected to result in over $100 million in new development in and around the airport over the next 40 years with $25 million to be deployed by 2017. The transaction is structured as a Public Private Partnership (“P3”) with elements that include revenue sharing to the City of...
AFCO Completes Construction of New Central RDC San Diego International
Aviation Facilities Company, Inc. (AFCO) participated in a ribbon-cutting ceremony on November 14, 2012 to celebrate its completion of the Receiving and Distribution Center (RDC) project on behalf of the San Diego County Regional Airport Authority (Authority) at the San Diego International Airport.
The RDC is a 23,000 square-foot facility located on the north side of the airport that will serve as a modern, efficient and environmentally friendly central delivery distribution center for all terminal concession operations and is a key component to the Authority’s new concession program at the airport. The project will provide significant efficiency and security benefits by centralizing the distribution of food, beverage and other goods at the airport and reduce traffic on surrounding roadways, reducing greenhouse gas emissions. AFCO and the Authority are pursuing Leadership in Energy and Environmental Design (LEED) Gold certification from the U.S. Green Build Council for the RDC project, which would make...
AFCO Awarded Project to Finance, Design and Build
Aviation Facilities Company, Inc. (AFCO) is pleased to announce that it has been awarded a contract and issued a formal notice to proceed to finance, design and build a Central Receiving and Distribution Center (CRDC) on behalf of the San Diego Regional County Airport Authority (Authority) at the San Diego International Airport in San Diego, California.
The 21,000 square foot facility, estimated to cost $8.5 million, will serve as a modern, efficient and environmentally friendly, logistics, storage and distribution center for goods, supplies and products for all of the terminal concession operations at the airport and will be built on approximately 1.5 acres on the north side of the airport. The CRDC project will be a key component to the Authority’s new concession program at the airport.
Positive Impact on Community
“The Central Receiving and Distribution Center will be an integral part of the airport’s future,” said Thella Bowens, President/CEO of the Airport Authority. “It will...
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...