Lynxs operates air cargo facilities in US airports, including the Austin-Bergstrom International, Houston's George H.W. Bush Intercontinental, O'Hare Airport in Chicago and Ted Stevens International Airport in Anchorage. Lynxs develops its CargoPort facilities with local partners. "Our recapitalization drive signals our intent to go to the next stage of expansion," Ray Brimble, the managing partner of Lynxs Group, said in a statement.
Brimble tells GlobeSt.com that he wants to raise about $100 million in debt and equity. He and CB Richard Ellis executives are seeking to tap institutional investors or real estate investors for the capital.
Expansion would be in Europe and Latin America, says Brimble, who spoke by phone from London's Heathrow Airport. He was overseas checking out expansion possibilities and investors. He declined to be more specific about expansion sites.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.