AVE Aviation & Commerce Center Signs 100,000 SF Lease For Build-To-Suit Facility

Nov 14, 2013 No Comments by

AVE Aviation & Commerce Center, the master-planned business park situated on 178 landscaped acres at the western region of Opa-Locka Executive Airport, has signed a 100,000-square-foot lease with Turbopower for a build-to-suit facility to serve as the aircraft engine service provider’s headquarters, today announced Ernesto Cambo, principal of cpf investment group, developer of AVE.

Under the terms of a 15-year lease agreement, valued at $20 million, Turbopower will be situated in AVE’s Building “J” within the business park, which will be located at 5499 N.W. 145th St. in Miami when construction begins in the first quarter of 2014. Turbopower is currently headquartered in Miami Lakes, and plans to consolidate and relocate its facilities to better service its customers. The move to AVE will bring approximately 150 employees to the new site.

“There were many synergies that led to Turbopower selecting AVE as its new headquarters, including the facility’s location adjacent to Opa-Locka Executive Airport, its strategic position in the tri-county area, and its close proximity to distribution arteries,” Cambo said. “We see continued growth in the Miami Lakes submarket, and look forward to Turbopower joining our tenant mix next year.”

“We selected AVE because of its ideal location at the airport and the flexibility of local ownership to structure a transaction that worked for Turbopower,” said Rana Das, Turbopower principal.

Turbopower provides full support services to the worldwide fleet of Rolls-Royce T56/501 Series I, II, and III engines; and total support in overhaul, maintenance, engineering services, spare parts support, and in-house training of customer personnel for the complete family of Pratt & Whitney Canada PT6 engines, among other services. The company will be joining notable tenants at AVE, including U.S. Postal Service, Goodyear, Banyan Air Service, SunTrade Imports, Tire Depot Velocity, Kinetic Concepts and Cintas Corporation, among others.

Carlos Velasquez with Vivo Real Estate Group represented the Turbopower and Ernesto Casal with Casal Group represented AVE.

 

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Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, NA
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