CHICAGO, Illinois – Lynxs Chicago CargoPort, LLC, an industry leader in the development of airport cargo facilities, recently was granted a 35-year-ground lease at Chicago’s O’Hare International Airport (ORD).
The Chicago City Council passed an ordinance in mid-January of this year and Lynxs Chicago CargoPort promptly began proceeding with construction plans for building the 900,000 square-foot-site in the new northeast cargo development area at O’Hare Airport. The state-of-the-art cargo facility also includes plans for four exclusive, large cargo aircraft parking positions on the site.
“The outstanding location chosen by the City for the cargo facilities expansion at O’Hare brings our company great pride and true appreciation to the City,” Lynxs Chicago CargoPort Managing Partner, Ray Brimble said, adding, “the facility fulfills the City of Chicago’s commitment made over five years ago to our company to identify a new home for its cargo facilities.”
As the first new on-airfield cargo project in the past several years, the Lynxs Chicago CargoPort project anticipates a groundbreaking event by early 2010 with the final stages of construction to be completed by 2011.
Lynxs Chicago CargoPort is currently in discussions with three major airlines and several cargo handling companies to commit in the first half of 2009, and numerous inquiries coming in from other potential tenants, Brimble said.
The new $70 million Lynxs project will be built in compliance with the Leadership in Energy and Environmental Design (LEED) silver standards, a visionary aspect of the Lynxs project plan, as it is one of the highest-rated sustainability standards, making way for an efficient and environmentally-friendly facility. The project will include in-ramp, hydrant fueling, aircraft parking configurations for the newest generation of 747-8 aircraft, as well as for accommodations for front-loading aircraft, and an immediate taxiway and runway access through its own taxiway connector system.
The prime location of the Lynxs Chicago CargoPort site provides great access for its new clients at O’Hare, the second busiest airport in both the United States and the world, just behind Hartsfield-Jackson Atlanta International Airport. Currently, Lynxs Chicago CargoPort is reviewing financing options to construct the facility once tenants are finalized.
As the airport also plans for the development of other new cargo facilities, the Lynxs Chicago CargoPort site is uniquely positioned as an independent location with its own infrastructure package, and therefore any other projects to be built near the company’s new site at O’Hare Airport will not affect the site’s stand alone project construction plans.
About Lynxs Chicago CargoPort, LLC
In 1997, Lynxs Chicago CargoPort, LLC was founded for the purpose of owning and operating the Lynxs CargoPort at O’Hare; Raymond J. Brimble serves as the Managing Partner of Lynxs Chicago CargoPort and he is also the Founder of Lynxs Holdings; Brimble’s business portfolio combines entrepreneurial, managerial and academic accomplishments spanning a thirty-year career. Through the years, Brimble has become known for bringing together numerous elements such as people, ideas, capital, research and expertise into one focused effort toward a common goal.http://www.lynxs.com
Leasing inquiries can be directed through John Suerth, SIOR, Senior Vice President at CB Richard Ellis, +1 847 706 4929, john.suerth@cbre.com and also with Marianne Scudder on behalf of Lynxs Chicago CargoPort, LLC, at +1 (512) 539-2222, marianne.scudder@lynxs.com