Arlington, VA – FD Stonewater and Lynxs Group announced today they had completed the acquisition of a single-tenant property located in Grand Junction, Colorado. The multi-purpose industrial hangar and office facility is located within the airport grounds of the Grand Junction Regional Airport, and is fully leased to a single-tenant with a long-term lease. The transaction exemplifies FD Stonewater’s strategy of acquiring single-tenant, mission-critical facilities nationwide. The company has acquired in excess of $200 million of these types of assets encompassing more than 3.0 million square feet.
The facilities were acquired in a joint venture with Lynxs Group, a developer specializing in airport facilities worldwide; the seller, P&L Properties, also remains a partner in the new ownership structure. David Stade, a Principal at FD Stonewater, commented, “Complicated deals with ground leases and multiple parties at the table such as this one can be more challenging to transact, but we tend to specialize in them and have built a solid track record doing it.” Andrew Schwartzman, FD Stonewater’s newest partner, added, “We’re excited by the opportunity to work with our new partners to continue to build value at the Grand Junction Airport in an enterprise that will continue well into the future.” Ray Brimble, Founder of Lynxs Group, said, “The location is outstanding with a world-class business aircraft maintenance and refurbishment service in the facility. We are pleased to be associated with this site.”
About FD Stonewater
FD Stonewater is a boutique real estate service and investment firm based in Arlington, Virginia, with offices in Los Angeles and New York with a track record of more than $10 billion in investment, advisory, development and acquisitions and over 40 million square feet of lease transactions. FD Stonewater offers a fully-integrated, national real estate platform with capabilities in Principal Investment, Development, Asset Management and Brokerage activities. www.fdstonewater.com.
About Lynxs Group
For the past 20 years, Lynxs Group has invested, developed and managed aviation related properties domestically as well as internationally. Lynxs’s entrepreneurial origins remain at the core of our endeavors as well as our spirit of innovation and creativity to develop and manage high-quality airport related projects around the world. Lynxs Holdings LP owns and/or operates aviation related properties in the following cities: Austin, Corpus Christi, San Antonio, and Houston, TX; Ft. Lauderdale, FL; Sacramento, CA; Anchorage, Alaska; and Vienna, Austria. Please visit our website for more details. www.lynxs.com.