Airline leases land for new hangar at Chicago Executive

An aviation ground handling and services company leases part of the land it just sold at Chicago Executive Airport, with the intention of building a new hangar and office.

In a deal approved by the airport’s board of directors on Wednesday night, Signature Flight Support signed a 40-year lease, plus three years to allow construction, for a vacant 2.37-acre parcel near Milwaukee Avenue and Tower Road.

About a third of the land was part of Signature’s largest 3.96-acre land sale at the airport for $1.1 million in December. The other two-thirds of the newly leased land already belonged to the airport, an airport spokeswoman said Thursday.

The property was famous for housing the restaurant of the 94th Aero Squadron, which closed in 2011 after more than 30 years in operation. The building was razed in 2014.

Wheeling and Prospect Heights purchased most of the airport land in 1986, but the restaurant site was not acquired by the cities.

Plans call for Signature to build a new 39,000 square foot hangar and 6,500 square foot office on the land it leases. The airport master plan provides for the storage of an aircraft hangar on the site.

“The great partnership that Signature and CEA have formed over the years has allowed us to pursue growth opportunities like this project,” said Jim Hopkins, senior vice president of airport relations for Signature, in an announcement from the company. deal Thursday. “For our private aviation customers, this agreement represents our shared ambition to raise (the airport’s) profile as a business aviation gateway for Chicago.”

The lease agreement with Signature comes about a month after Hawthorne Global Aviation Services, which also operates at the airport, presented plans to Wheeling Village Council for a new 30,000 square foot hangar with 6,900 square feet of storage. office space. Construction of this shed is expected to begin this spring.

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