Monday, September 10, 2018

The Society of Industrial and Office Realtors Releases White Paper on Airglades International Airport and Challenge Grant


Ted Konigsberg




Washington, DC– The Society of Industrial and Office Realtors® (SIOR), which represents the world’s elite in industrial and office brokerage, released “The Path to Privatizing Commercial Cargo-Specific Airports” as part of its ongoing Thought Leadership Series.

This report outlines the proposed plan for the United States’ first Federal Aviation Administration (FAA) approved, privatized commercial cargo airport, Airglades International Airport (AIA).

AIA will be the first airport of its kind, positioned to compete with Miami International Airport, which currently handles more than 62 percent of all U.S. perishable air imports.

“As we look to the future of commercial real estate, it is increasingly important to engage the next generation in our industry,” said Ted Konigsberg, SIOR, SIOR Foundation Trustee and the President of Infinity Commercial Real Estate.

Miami International Airport
“The Challenge Grant winners put together an amazing plan for AIA and surrounding areas. The resources made available by SIOR and the Foundation gave them an opportunity to create a project with a scope usually reserved for seasoned professionals. They will shortly see their creative visions become reality.”

To create the Challenge Grant with AIA, the SIOR Florida Chapter partnered with Nova Southeastern University’s Master of Science in Real Estate Development program.

The initiative, led by Konigsberg, tasked students with developing design concepts associated with assisting land uses, creating amenities and related development on the property adjacent to proposed AIA site. At the ceremony last August, $20,000 worth of scholarships were awarded from SIOR to the first and second-place teams.
  
The plan for AIA includes a “one-stop shop” for growers and shippers designed to accommodate on-site U.S. Customs, Drug Enforcement Administration, Agriculture and TSA Agents.


Gary Marsh

“... if approved by the Federal Aviation Administration (FAA), [Airglades International Airport] would be the first airport of its kind in the continental United States upon opening in 2020,” said Gary Marsh, a principal of Marsh Marketing and SIOR member.

Shippers would save $400 in gasoline, or the equivalent of one roundtrip per truck, if that cargo could land at Airglades and effectively give those products a 100-mile head start to their end destinations.

The total tab to build the 3,000 acre AIA is expected to be between $500 million and $650 million, which will include temperature controlled and refrigerated warehouse and distribution facilities, runway taxi areas and tarmac space for parking a contemporary fleet of commercial airplanes, maintenance facilities, fueling facilities, and other airport related requirements.

The development of this airport was part of the Challenge Grant that the SIOR Florida Chapter awarded. 

SIOR represents the world’s most elite real estate professionals in industrial and office. They strive to not only be leaders in business, but also to inform and inspire leaders across our industry.

Nova Southeastern University
Davie, FL
In that pursuit, SIOR has created the Thought Leadership Series to apprise readers of the latest technological advances, current and projected trends, and solutions to the issues affecting businesses today.

The Thought Leadership Series aims to educate and ensure the continued growth and evolution of Commercial Real Estate. The Series will feature collaborations with the best and brightest minds throughout CRE to produce thought-provoking and educational content, research, and topic briefs.

“The Path to Privatizing Commercial Cargo-Specific Airports” can be found here.

CONTACT:

Paris Kissel
Account Executive
PKissel@levick.com | @levick
P: (202) 973-1313  F: (202) 973-1301

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