Miami Lakes company relocates to Opa-Locka in $20M deal

Aircraft engine service provider Turbopower plans to relocate to Opa-Locka and consolidate in a headquarters-deal worth $20 million.

Turbopower is moving from Miami Lakes to a 100,000-square foot build-to-suit facility at Opa-Locka Executive Airport. The new building will go up at AVE Aviation & Commerce Center, the master-planned business park situated on 178 landscaped acres at the airport’s western region, announced principal of Cpf Investment Group, AVE’s developer.

Under the terms of a 15-year lease agreement, Turbopower will be situated in AVE’s Building “J” at 5499 N.W. 145th St. Construction will begin in the first quarter of 2014.

“There were many synergies that led to Turbopower selecting AVE as its new headquarters, including the facility’s location adjacent to Opa-Locka Executive Airport, its strategic position in the tri-county area, and its close proximity to distribution arteries,” said Cambo, in a statement.

“We selected AVE because of its ideal location at the airport and the flexibility of local ownership to structure a transaction that worked for Turbopower,” said Rana Das, Turbopower principal, in a statement.

Turbopower provides full support services to the worldwide fleet of Rolls-Royce T56/501 Series I, II, and III engines; and total support in overhaul, maintenance, engineering services, spare parts support, and in-house training of customer personnel for the complete family of Pratt & Whitney Canada PT6 engines, among other services.

The company will be joining notable tenants at AVE, including the U.S. Postal Service, Goodyear, Banyan Air Service, SunTrade Imports, Tire Depot Velocity, Kinetic Concepts and Cintas Corporation.

Carlos Velasquez with Vivo Real Estate Group represented the Turbopower and Ernesto Casal with Casal Group represented AVE.

Article from South Florida Business Journal, click here for full article.