Burrell Aviation to Lease 53 Acres at the Baton Rouge Metro Airport
Oct 12, 2022BATON ROUGE, La – Burrell Aviation, LLC, a division of The Burrell Group, plans to lease 53 acres of runway-accessible land in the Baton Rouge Metro Airport (BTR) Aviation Business Park for a primary term of 30 years, with two 10-year options to renew. Burrell Aviation will market the site, secure anchor tenants, and solidify plans for facilities and infrastructure.
Burrell noted that E-commerce is flourishing, creating an opportunity for regional airports with available facilities and logistical support to capitalize on the flow of goods with improved efficiencies compared to larger, more congested airports. This is particularly true for regional airports close to major population areas. Elements such as an air traffic control tower, ample runway length, and significant airfield capabilities also ensure that the airport is well-positioned for this type of growth.
“The Baton Rouge Metro Airport is an ideal location to add to our portfolio,” said Burrell Aviation CEO, John Carver. “The airport is accessible to other major transportation modes such as interstates, rail lines, and a deep water port. And the shovel-ready site includes significant economic incentives.”
Burrell Aviation was formed to meet the surging demand for air cargo, freight and logistics solutions in the continental United States, Mexico, and Canada through a public-private partnership model. The company’s core business lines are air cargo, storage (cold and dry), private hangars, aircraft maintenance and repair (MRO), and distribution/transit trucking centers.
Mike Edwards, BTR’s Director of Aviation, said, “We are excited about this opportunity to partner with Burrell Aviation to grow our Aviation Business Park. Burrell Aviation has the resources through privately-sourced funding to market the property, secure tenants, and provide build-to-suit development for them. This will lead to area job growth and more economic output in the Baton Rouge area.”
About The Burrell Group
Burrell Aviation, LLC is a division of The Burrell Group. The Burrell Group was founded in 2007 by Founder and Executive Chairman, Daniel C. Burrell. It serves as the holding company for a consortium of individual business interests in a wide range of sectors.
Burrell Aviation, LLC is an equity investor focused on providing its clients with speed-to-market services that include available airside land, financing and construction. Through a public-private partnership model involving federal, state, and local government, Burrell Aviation is in the process of repositioning regional and municipal airports that have been historically underutilized and currently operate outside of North America’s core supply chain.
The Baton Rouge Metropolitan Airport is served by the major, network airlines – American, Delta, and United – with frequent hub flights that provide access to destinations worldwide. The airport provides an annual economic impact of $1.1 billion and over 4500 direct and indirect jobs in the Baton Rouge area. The Airport is administered as an Enterprise Fund, generating its own revenues for operations as opposed to using local tax funds.