North Center Revitalization Assoc. (NCRA)

Falcon Field Airport development expanding

Falcon Field Airport development expanding

Falcon Field Airport development expanding

The City of Mesa and Grubb & Ellis are excited to report the signing of a second long-term lease for hangar development at Falcon Field Airport. Reilly Aviation, LLC is leasing 5.25 acres in the northwest quadrant of Falcon Field Airport. The lease will generate more than $73,000 of annual revenue for the airport.

Plans for the development include 30 t-hangars and 17 box hangars, approximately 70,000 to 80,000 square feet of hangars for individual or corporate aviation use. Joe Reilly, principal of Reilly Aviation LLC, states, "We welcome requests for hangar sizes and amenitites for our project. We want to build the development to meet the demands of the aviation community at Falcon Field."

Falcon Field Airport Director, Corrine Nystrom emphasizes, "This project's positive economic impact on Falcon Field Airport further demonstrates the aviation and development synergy of the area by adding to the already 1.5 million square feet of 2006 projects under construction within a 1-mile radius of the Airport in the Falcon Field District."

Falcon Field Airport is located between McKellips and McDowell Roads and Greenfield and Highley Roads with convenient access to the Red Mountain 202 Freeway less than 1-mile away. Falcon Field Airport ranks 3rd in terms of economic impact among Arizona airports, behind Phoenix Sky Harbor International Airport and Tucson International Airport and ranks among the "top 10" in the nation for general aviation airports in terms of based aircraft and number of flight operations.

"We are very excited to finalize this deal with Reilly Aviation, LLC. By signing this lease, the City of Mesa along with Grubb & Ellis has taken another step forward in solidifying Falcon Field's place as one of the top general aviation airports in the country," comments Garret Schoenberger, Grubb & Ellis Sales Associate. For land leasing opportunities at Falcon Field Airport, contact Schoenberger at 602.224.4465 or GSchoenberger@brephoenix.com. For more information about Reilly Aviation, contact Joe Reilly at 520.982.0982.