AFCO Inc Press Release about new properties, acquisitions and business opportunities – learn more about AFCO by contacting us by email, phone or mail.
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 Announces Acquisition
AFCO completed the acquisition of the trade name and assets of AvPORTS, which includes seven U.S. airport management contracts, from Macquarie Aviation North America, effective January 1, 2009.
The assets being acquired by AFCO include management contracts to manage the airports on behalf of local governments at Albany International Airport (ALB) in Albany, New York; Atlantic City International Airport (ACY) in Atlantic City, New Jersey; Republic Airport (FRG) in Farmingdale, New York; Stewart International Airport (SWF) in the City of Newburgh and the Town of New Windsor, New York; Teterboro Airport (TEB) in Teterboro, New Jersey; Tweed-New Haven Regional Airport (HVN) in New Haven, Connecticut; and Westchester County Airport (HPN) in White Plains, New York.
AvPORTS originated more than 80 years ago as Pan Am World Services, a division of Pam American Airlines and in subsequent buyouts has operated under the name of Johnson Controls World Services and American Port Services. AvPORTS is currently one of the largest private airport...
AFCO Acquires Air Cargo Facilities in Austin
AFCO has completed the purchase of three facilities at Austin-Bergstrom International Airport from Austin BellyPort Development LLC. Two air freight warehouse facilities total 57,000 square feet with ramp access, vehicular parking, and ground equipment storage.
The opportunity exists for a total warehouse expansion of 30,000 square feet. The third building is a 7,200 square-foot ground support equipment (GSE) maintenance facility. All of the buildings have tug road access to the aircraft apron. Land is available to construct an additional 30,000-40,000 square-foot building.
All three facilities are fully leased. Tenants include American Airlines, Continental Airlines, Delta Airlines, Signature Flight Support, Southwest Airlines and the City of Austin Department of Aviation....
AFCO Acquires Air Cargo Facilities
AFCO announced today that it has completed the purchase of three air cargo facilities at Meadows Field (BFL) in Bakersfield, CA and Bradley International Airport (BDL) in Hartford, CT. The BFL facility includes 11,000 s.f. of warehouse space fully leased by Airborne Express. AFCO plans to expand the existing facility at BFL to accommodate additional aviation industry tenants.
The facilities at BDL include two air cargo buildings totaling 86,000 s.f. of warehouse space and 486,000 s.f. of aircraft apron, fully leased to Airborne Express, Airport Group International (AGI), BAX Global, Federal Express and TransCaribbean. The land is available at the BDL site for the development of an additional 40,000-50,000 s.f. facility.
Passenger and cargo traffic at Bradley are increasing at phenomenal rates due to the booming economy of central New England and Bradley’s strategic position, midway between Boston and New York City. AFCO is very pleased to become part of the cargo teams at both Bradley and Meadows...
AFCO Begins Construction of Midfield Cargo Complex
On February 29, 2000, construction began on the 60,000 s.f. cargo building, 330,000 s.f. of aircraft ramp/apron and approximately 55,000 s.f. of associated truck/auto parking of the first phase of the Midfield Cargo Complex (MCC) at Baltimore/Washington International (BWI) Airport.
Construction is scheduled to be completed at the beginning of 2001. Tenants of the new first-phase air cargo facility are expected to include BAX Global, Airborne Express, and Signature Flight Support. Construction of additional cargo facilities in Phase II of the MCC area is expected to commence during the fourth quarter of 2001 with a completion date during the third quarter of 2002. When fully developed the MCC may include as much as 358,000 s.f. of handling facilities, 808,000 s.f. of an apron and additional truck, car and equipment parking.
AFCO has operated Cargo Building E at BWI since 1995 and acquired Cargo Buildings B, C, and F in August 1999.
Frank Chambers, President, and CEO of...
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....
AFCO Acquires Air Cargo Facility
AFCO executed a contract for the purchase of a 24,000 square-foot air cargo facility at Seattle-Tacoma International Airport (Sea-Tac). The facility is used for the transfer and storage of cargo and the maintenance of ground support equipment (GSE). The facility, built in 1983, contains freezer and cooler space, freight scales, a fuel dispensing system for diesel and automotive gasoline, and multi-tenant warehouse and office space. The site contains an additional 14,000 square feet of outside GSE storage area and 800 square feet of outside loading dock.
Airport Drayage Company, the building’s present owner, will be leaving the facility. A new lease has been finalized with SEATAC Express bringing the facility to 90% occupancy. Existing tenants include the United States Department of Agriculture and Southwest Airlines. Lease negotiations are continuing with other potential tenants.
AFCO has operated two air cargo buildings totaling 104,000 square feet with 193,000 square feet of the apron at the North Airfield Cargo Complex at...