Modern Aviation will expand its footprint at Denver’s Centennial Airport (KAPA) with the announcement that it will purchase an existing hangar and office complex.
The 6.5-acre property—located directly across the street from Modern’s main KAPA FBO—includes 53,270 sq ft of hangar space capable of accommodating ultra-long-range business jets, 52,400 sq ft of office space, and a 7,320-sq-ft garage. While the two hangars are fully occupied, 15,000 sq ft of Class A office space is available.
“We are very excited about acquiring these properties and expanding our footprint at [KAPA], which is a top-seven general aviation airport that is expected to grow well into the future,” said Modern CEO Mark Carmen. “We’ve been seeking opportunities to grow our operation at [KAPA] since our original FBO acquisition there in November 2018.”
Last year, the company completed an expansion project at Centennial that added 52,000 sq ft of hangar space, 4,000 sq ft of office space, a new 7,000-sq-ft terminal, and three acres of ramp. This new acquisition brings the facility to a total of 179,000 sq ft of aircraft shelter along with 129,000 sq ft of office space.
The Modern chain—founded in 2018 and backed by Apollo Funds and Tiger Infrastructure Partners—numbers 17 FBOs in the U.S. and Caribbean.