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Chandler Airpark Lands $40M Multi-Tenant Aviation Building

The 80KSF multi-tenant development will include seven hangars and offices at Chandler Airpark. Rendering credit: Wingspan Business Investments LLC

By Eric Jay Toll for Phoenix Business Journal

A $40M capital investment is proposed for the Chandler Airpark.

If approved by the city council, Wingspan, a 250KSF office and hangar development would be built in multiple phases.

The first component, an 80KSF foot hangar/office complex on 4.8 acres of the 16-acre lease area, sits on Aviation Drive east of Curtis Way on two parcels known as Area 4.

Area 3, which is west of Curtis Way on Aviation Drive and Airport Boulevard, cannot be developed until the airport access to the taxiway is constructed. The city is pursuing federal grants for that pavement work. Five phases are proposed for council approval.

The total development will include seven two-story hangars accompanied by 28KSF in the office space.

Construction must start within nine months of contract execution. The remaining development will phase in over three to five years.

Read more at Phoenix Business Journal