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| 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.
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| 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.
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| 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.
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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:
P: (202) 973-1313 F: (202)
973-1301
