Projects

Spirit Airport Hangar


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Challenges

  • Located on a ground lease with excess ground
  • Poor functionality with low door heights and inadequate aircraft apron economically
  • Limited zoning use for aeronautical use only

Solutions

  • Negotiated reduction of the total leased land from eight to more manageable three acres
  • Negotiated airplane apron expansion rights
  • Created a national marketing campaign involving a property website and selective target marketing

Results

  • Created competition among multiple national buyers
  • Disposed of the property within four months of the assignment date
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Spirit Airport Hangar
2014 South 7th Street
St. Louis MO 63104

Related Services

Brokerage

Overview

Intelica CRE™ was contracted to dispose of a 31,000 sq. ft. airplane hangar at Spirit of St. Louis Airport. The newly developed property never gained traction due to the uncertain economic conditions.