The deal’s value is in excess of $120 million, including the sublease and development costs, Ernesto Casal, principal of the Casal Group, told TRD. The proposed site also has access to an airport runway. Landlord AVE Airside, led by warehouse developer Ernesto Cambo, will construct 170,000 square feet of hangars and a base of operations for Jet Aviation on roughly 28 acres. Jet Aviation, led by President David Paddock and a subsidiary of publicly traded General Dynamics, signed a 40-year sublease at AVE Aviation & Commerce Center at 14350 Northwest 56th Court. David Paddock, president, Jet Aviation in front of the AVE Aviation & Commerce Center at 14350 Northwest 56th Court (LinkedIn/DavidPaddock, LoopNet, Google Maps)Īn international private jet operator is setting up a base near Miami-Opa Locka Executive Airport in a deal valued at more than $120 million, The Real Deal has learned.
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