For Immediate Release: October 24, 2013
FDL – CC, LLC (FDL), a joint venture partnership between FD Stonewater and Lynxs Group, has recently been awarded a long-term lease by the U.S. General Services Administration (GSA) for the development of a 160,503-rentable square foot, build-to-suit facility for the U.S. Coast Guard (USCG) Sector Headquarters located in Corpus Christi, TX.
FDL executed a ground lease in February of 2013 with the City of Corpus Christi for an approximately 9.5 acre site located at the Corpus Christi International Airport (CCIA). The ground lease structure was put in place to allow the City of Corpus Christi to fulfill an economic development priority in making the USCG facility at CCIA a reality. FDL’s expertise in both federal government real estate and the aviation/logistics sector allowed the City to choose this highly qualified private development team while at the same time eliminating the financial development risks for the City. FD Stonewater principal Claiborne Williams said, “The FDL team is truly excited about delivering this new U.S. Coast Guard, mission-critical facility at CCIA. Not only will the construction and operation of the facility support the local workforce but we all believe that it can serve as a catalyst for future development at the airport, which will greatly benefit the entire Corpus Christi community for many years ahead.” The new USCG Sector Headquarters will consist of an aircraft hangar and maintenance shops, office and support space, mission critical command facilities, data centers, berthing for ready crews, and amenities such as a food service area, gymnasium and outdoor courtyard. The facility will provide direct access to taxiways for USCG aircraft operations. The project will meet strict federal security standards and will be designed with sustainable practices to achieve LEED Silver certification. The facility is expected to be delivered in early 2015.
About FD Stonewater
Washington, DC-based FD Stonewater LLC is a national real estate advisory, investment and development firm that has completed $10B+ of transactions and has a specialization in developing, financing, owning and operating public entity-related lease build-to-suit projects around the country. The firm has completed the development of numerous federal design-build projects, including two U.S. Customs and Border Protection secure mission-critical facilities in Texas; a sophisticated U.S. Department of Energy archival facility in Morgantown, WV; a U.S. State Department logistics and shipping facility in Lorton, VA; and a U.S. Immigration and Customs Enforcement facility in McAllen, TX. FD Stonewater is committed to long-term asset and investment viability and currently asset manages over $300 million of assets totaling over 3 million square feet.
About Lynxs Group
Lynxs Group is an Austin, Texas-based international real estate development firm specializing in airport real estate and transportation infrastructure assets. Founded in 1994, Lynxs is privately owned and controlled yet maintains an ongoing strategic relationship with GE Capital Aviation Services & St. Joe Company (NYSE “JOE”). Lynxs is well established in the air cargo and airport infrastructure sector, having completed over 4.2 million square feet of projects in North America, Latin America and Europe. Lynxs has the expertise, capital resources, and flexibility to develop and manage most airport-related real estate projects at airports around the world. Having worked with and for airport authorities, airport owners, airlines, and other end users of airport-related real estate around the world, the company has successfully completed multi-tenant facilities, build-to-suits, master-planned airport projects, redevelopments, and development and public-private partnerships.