Signature Signs Texas Hangar Development Deal

Aviation real estate developer Western LLC has signed a deal with Signature Flight Support to build new corporate hangars on Signature leaseholds at two Texas airports. As part of Western’s complete turnkey development package, it creates and executes targeted marketing campaigns to draw new tenants to airports, as well as provide custom financing and leaseback options. The hangars would be owned by Western, but managed and served by Signature.

At Houston William P. Hobby Airport, plans call for a new complex of five build-to-suit 15,000-sq-ft hangars with 1,000 sq ft of attached office space, each with 28-foot-high doors, to be completed by the end of 2018. Meanwhile, at Austin-Bergstrom International Airport, Colorado-based Western expects to start construction on a 30,000-sq-ft hangar with a 28-foot-high door and 7,500 sq ft of offices within the next two years, depending on demand and the permitting process.

Western began accepting pre-leasing agreements on the new structures earlier this month at the NBAA convention.