Real Estate

Sample of Success Stories

Map of completed projects
 
Luke AFB, Ariz.

The Luke solar development Enhanced Use Lease was executed May 16, 2014, with the Arizona Public Service, the state's largest utility. The site is on approximately 100 acres. the lease will provide cash rental payments to Luke AFB for the duration of the 30-year lease.
 Eglin AFB, Fla.

Under an Enhanced Use Lease, a 152-room Holiday Inn Resort developed by Emerald Breeze Resort Group on waterfront property near Eglin AFB, Fla.,  opened May 19, 2014. The EUL will provide the installation with an added revenue stream to fund infrastructure upgrades and repairs.  EBRG built a $25 million Holiday Inn Resort on 17 acres of leased Eglin AFB beachfront property; the site is separated from the installation.  As part of the consideration, the hotel provides a rooftop setting for antennas used by the 96th Test Wing to perform telemetry operations. This EUL received an honorable mention in the U.S. General Services Administration in the asset management category of the Real Property Innovation Achievement Award Program in 2013. Phase II will include an additional hotel with 124 rooms and will be developed according to market demand. The hotel is open to the general public and offers reduced rates to active-duty and retired service members on leisure travel.
 Hill AFB, Utah

Image of Falcon Hill National Aerospace Research ParkDevelopers are constructing an 8M-square-foot building, the Falcon Hill National Aerospace Research Park at Hill AFB, Utah, that will replace antiquated World War II-era buildings. The park will include office space, hotels and restaurants and is the largest commercial real estate EUL development in the Department of Defense. In this example of an EUL, a facility that a base has outgrown became a valuable asset, providing space that will be leased for private development.
 Nellis AFB, Nev.

Image of wastewater treatment plantWhen the City of North Las Vegas needed a site for a wastewater treatment plant, Nellis, AFB, Nev., stepped up to the challenge. The Air Force is leasing land under the EUL program for the construction of the treatment plant, which, in part, provides water for irrigating base property as well as the City of North Las Vegas.
Grand Forks AFB, N.D.

The AFCEC Real Estate Development team closed an Enhanced Use Lease agreement at Grand Forks Air Force Base in February 2015.  The unmanned aerial system (UAS) business park is a model public-public-private partnership.  The deal leased 216 acres of non-excess, underutilized base property to Grand Forks County to develop a business park, Grand Sky, for UAS testing, training and research.    During a ceremony on 15 Oct 2015, Northrop Grumman, the first tenants of Grand Sky Business Park, Grand Forks County, and Air Force leaders broke ground at the site.  The planned complex is the first to begin construction and represents a $10 million investment.  Grand Sky illustrates the power of government and commercial collaboration, leveraging existing assets to provide third-party funding to the installation.
Interested in working with the Air Force on an EUL?
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