To provide room for growth, North State Aviation has expanded its lease at the Smith Reynolds Airport, giving the aircraft maintenance company control over the vast majority of the 310,000-square-foot building at 4001 N. Liberty St.
Mark Davidson, airport director, said the Airport Commission of Forsyth County recently agreed to amend North State's lease so that the company now leases 301,189 square feet of the building, which includes hangars and work shop space. Davidson said the airport commission occupies 4,271-square-feet for facility maintenance work shop space while the remaining 4,000 square feet is home to a cafeteria.
"NS Aviation is now essentially leasing all the space and now has security control over the building and plenty of space for office and storage," Davidson said.
Abner Wright and Brad Millsaps, brokers with Freeman Commercial Real Estate, represented the airport commission in the deal. Wright said NS Aviation previously occupied 205,000-square feet and added about 96,000 square feet.
He said he and Millsaps were showing the building to prospective tenants, but that North State decided it should go ahead and lease most of the building at a time of growth for the company.
NS Aviation could not be reached, but Davidson said the company is by far the largest tenant at Smith Reynolds Airport. As of late last year, North State was well on the way to its goal of employing more than 300 as part of an incentives agreement that it accepted in 2011 to go from a startup with about 30 employees to 308 employees by the end of March.
Story and photo: http://www.bizjournals.com
