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| Rendering of planned Gateway Executive Airpark, Mesa, AZ |
PHOENIX, AZ – DAUM Commercial Real Estate Services has
announced the groundbreaking of Gateway Executive Airpark, a three-hangar
development totaling more than 185,500 square feet at Phoenix-Mesa Gateway
Airport in Mesa, Arizona.
Gateway Executive Airpark, which is now leasing and will be
available for occupancy by Q4, is a state-of-the-art, full-service hangar
facility including multi-tenant and freestanding hangars, according to Steve
McKendry, Principal and Executive Vice President at DAUM Commercial, who is
an exclusive listing agent for the property alongside DAUM Executive Vice
Presidents Chris Rogers and Trevor McKendry.
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| Steve McKendry |
“Private jet services for both business and
leisure travel have proven to be much more resilient than commercial airlines
throughout the pandemic,” says Steve McKendry.
“A year on, many corporations still do
not want their executive teams flying commercial airlines, and individuals are
placing safety first and considering private flights when they never
would have previously.
"Business aviation has improved 30%
from this time a year ago, about 8% less than pre-pandemic 2019.
"The
improvement is due to not only safety issues but is reflective of economies
opening up and travel restrictions being removed. In contrast, scheduled
airline activity is down about 18% from this time in 2020 and 44% from 2019.”
Steve adds that COVID-19-related hesitancy will
continue for several months, possibly years. Unrelated trends, including a such
a shortage of first-class seats as airlines redesign their interiors, could
also make private jet travel more appealing.
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| Trevor McKendry |
“Despite the unprecedented challenges faced this
past year, this is still an ideal time to strategically deliver a development
like the Gateway Executive Airpark to the greater Phoenix market,” explains
Rogers.
“Major corporations, including Microsoft,
Google, and Apple, are expanding in the area, driving potential demand for
executive travel.
"There has also been an influx of
development of new aeronautical facilities near Phoenix-Mesa Gateway Airport in
particular, bringing additional business to the submarket.”
Advantages of the Phoenix-Mesa Gateway Airport
location of this project also include reduced taxes and lower operating costs
through unique tax programs and incentives.
“While we are anticipating strong local demand
from large corporations and high-net-worth individuals, this space could also
be attractive to private jet owners and branded charter services based elsewhere,” adds Trevor.
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| Chris Rogers |
“For instance, even with the additional
travel required, the significantly lower rental rates and tax incentives make
holding aircrafts at the Phoenix-Mesa Gateway Airport approximately 70% less
than anywhere in Southern California.”
The hangars are constructed with steel frame
infrastructure, metal exterior walls and metal roof. The steel frame
infrastructure provides clear span bays necessary for aircraft maneuvering.
Additionally, Gateway Executive Airpark
features office space built to suit tenant’s requirements, LED overhead
lighting with on/off motion sensors in hangars, sealed concrete floors and
hangar doors 28’ high with widths spanning 90’ to 110’.
Developed to accommodate the increasing demand trend for the
larger long range business jets, the dimensions of the hangar bays and hangar
doors at Gateway Executive Airpark will accommodate larger jets, such as the
new Gulfstream 700, multiple aircraft, and other aviation uses such as
maintenance, repair, and overhaul (MRO) operations.
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| Gulfstream 700 |
Steve adds: “As part of our involvement with this project,
we’ve been keeping our finger on the pulse of the hangar space market to truly
understand the demand drivers and current local market.
Only in recent years have hangars been designed for
larger executive jets, which has resulted in a market that currently has very
little availability of hangars designed to accommodate long-range executive
jets.”
Situated adjacent to Textron’s Citation Service
Center and Embraer Executive Jet Service Center, Gateway Executive Airpark is
located at 5559 S. Sossaman Road in Mesa, Arizona.
CONTACTS:
Arleeny Escarcega / Elisabeth
Manville
Brower Group
(949) 438-6262
aescarcega@brower-group.com
www.daumcommercial.com.
https://www.gatewayhangars.com/.
