Airport Authority Notches First Deal in Big Land Sale

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The first deal relating to the Indianapolis International Airport Authority's efforts to sell 1,200 acres is complete. An 80-acre section in Hendricks County has sold for $8 million. The authority says the available land is valued at more than $80 million. January 23, 2015

News Release

INDIANAPOLIS, Ind. - The Indianapolis Airport Authority (IAA) has landed its first deal as part of its initiative to place more than 1,200 acres back onto the market. The land being purchased consists of approximately 80 acres located in Hendricks County with a purchase price amounting to $8.0 million.

On Jan. 20, 2015, more than 100 brokers, developers, economic development groups and community leaders gathered at the Indianapolis International Airport (IND) for an informational session about the land available for lease and sale. Airport executives met with interested parties and discussed possibilities for the future of IND’s land. The land that is available for lease and sale is valued at an estimated $83 million.

"We're really looking forward to exploring new partnerships and possibilities for future development around the airport with this dynamic plan," said Eric Anderson, IAA property director. "This process has allowed us to engage with key business and community leaders who are truly interested in helping foster and develop the land we have available for use."

On February 27, 2015, the IAA will release a Request for Qualifications (RFQ) to the brokerage community to assist the IAA in land sale transactions and anticipates a final selection announcement in May.

To learn more about this initiative visit www.indianapolisairport.com.

About the Indianapolis Airport Authority

The Indianapolis Airport Authority owns and operates Indiana's largest airport system. In addition to the Indianapolis International Airport, its facilities include the Downtown Heliport, Eagle Creek Airpark, Hendricks County Airport, Indianapolis Regional Airport and Metropolitan Airport. IND has received numerous prestigious awards recognizing it as a leader within its class, including best airport in North America in 2010, 2012 and 2013 in Airports Council International's annual Airport Service Quality awards. IND is the first airport in the U.S. to win LEED certification for an entire terminal campus, and it has won additional recognition for excellent customer service, concessions programs, and art and architecture.

IND generates an annual economic impact in Central Indiana of more than $4.5 billion without relying on state or local taxes to fund its operations. About 10,000 people work at the airport each day. IND serves more than 7 million business and leisure travelers each year, and averages 135 daily flights to 37 nonstop destinations. Home of the world's second-largest FedEx Express operation and the nation's eighth-largest cargo facility, IND is committed to becoming the airport system of choice for both passenger and cargo service. For more information, visit IND's Facebook page at Indianapolis International Airport and Twitter page at @INDairport.

Source: Indianapolis Airport Authority