MIAMI-Fixed base operator Banyan Air Service has inked a $40 million, 20-year lease with Ave Aviation & Commerce Center, a master-planned business park spanning more than 2.5 million square feet, at the Opa-lock Executive Airport. Banyan will occupy a new 135,000-square-foot facility that will be built-to-suit by Ave developer CPF Investment group.

“After looking at several possibilities at other airports, we concluded that the projected growth at Opa-locka and the opportunity for expansion there within Ave made it the obvious choice for our company,” says Ft. Lauderdale-based Banyan Air Service President Don Campion. “We look forward to the start of construction of our new hangar and maintenance facility in early 2011.”

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