Englewood, CO / October 27, 2016 – The Business Aviation Group and McClurg Century Investment announce their successful bid and award of the RFP to redevelop 16 acres of the south east quadrant of Addison Airport in Dallas TX.
ADDISON AIRPORT NEWS I OCTOBER 2016 S.E. QUADRANT REDEVELOPMENT
“At the September 26 meeting of the Addison City Council, airport staff was authorized to enter into negotiations for redevelopment of the airport’s “southeast quadrant” with a development group that had previously been selected in a lengthy and rigorous RFP (request for proposals) process. The development group is a partnership of Denver-based McClurg Century Investments and Business Aviation Group (which has a strong local connection). The selection committee for the RFP believed this partnership put forth a strong vision for the redevelopment of this highly visible and valuable site that is consistent with Addison values and the goals of the 2013 Airport Strategic Plan as well as the 2016 Airport Master Plan. Airport staff is looking forward to working with the MCI/BAG team to help them make their vision a reality.”
Developing a truly exceptional aviation facility with world-class flight support service has been a dream of David Vaughan and Iver Retrum, co-owners of the Business Aviation Group. Both Vaughan and Retrum are veterans of the business aviation industry and formed their business alliance several years ago with the premise of delivering real estate products that far exceed the usual dimensions of more traditional developers. “We’re thrilled to have the opportunity to participate in the redevelopment of such a key Dallas area general aviation airport,” said Iver Retrum, “A gateway to the Town of Addison and the five-billion-dollar mile in Frisco, this new infrastructure will allow Addison to actively pursue new clients and market segments that continue to emerge in the Dallas Metroplex.” (Further information on $5B Mile can be found at www.friscoedc.com/5Bmile)
The new Addison Jet Center will be a partnership between McClurg Century Investments (MCI) and the Business Aviation Group (BA Group). Principal for MCI, Jack McClurg, has substantial real estate experience, especially in relation to the business aviation industry, having recently completed AeroColorado, a 55,000 sq. ft. state-of-the-art and world-class private hangar and office complex at Centennial Airport. AeroColorado stands as a tribute to the importance quality plays in today’s corporate aviation environment. “Our vision and fortitude allowed us to succeed and fully lease AeroColorado within a year. We intend to deliver the same standard of quality and excellence to our new endeavor at Addison Airport,” said Jack McClurg.
The redevelopment of the property at Addison Airport will provide a platform for future Business Aviation Group and MCI high-end development projects at airports around the U.S.
BA Group: The BA Group specializes in business aviation real estate consulting services.
Delivering exceptional client service with skilled performance, the BA Group provides aircraft and facility owners, FBOs, and airports with all of the tools needed to traverse the real estate process: conceptual design and financial feasibility; construction management; RFP drafting, development and presentations; capital sourcing; lease negotiations; marketing and sale of facilities and more. For more information, please visit www.bagroup.aero.
Media Contact: 720-201-1814 or 720-363-3494