North Center Revitalization Assoc. (NCRA)

Falcon Field Airport is soaring to new heights

with Falcon 7 development

For Release: June 7, 2006
Contact: Corinne Nystrom
Falcon Field Airport Director
480.644.4045 Tel

Alan House & John Manross
Falcon 7, LLC
480.980.0787 Tel

Falcon Field Airport is soaring to new heights with Falcon 7 development

The City of Mesa, Falcon 7 LLC and Grubb & Ellis are pleased to announce the long-term lease of the 14 acres located at the northwest corner of McKellips Road and Falcon Drive. More than 230,000 square feet of executive/corporate hangar space with attached offices are the focus of Falcon 7's development of the property commonly referred to as "the water tower" property.

Falcon 7 recognized the growth and demand for additional aviation facilities in the area and will be concentrating on fulfilling the needs of the Airport. According to managing partner, John Manross of Falcon 7, "We are very excited to bring new development that is in demand to Falcon Field Airport and further expand its aviation community." Alan House, partner of Falcon 7, also comments "We feel that our companies, iPlan, iBuild and iDevelopment will continue to grow because of the City of Mesa and Councilmember Rex Griswold's commitment to Falcon Field Airport."

"This development signals that Falcon Field is becoming a major job provider for the East Valley, which has accelerated with the completion of the new 202 Freeway," said Griswold.

Falcon Field Airport Director Corinne Nystrom states, "The Falcon 7 project will not only help to address the demand for additional hangar space and lower the number of people on our hangar waiting list, but will generate additional revenue for the airport and provide a sustainable, positive economic impact on Falcon Field Airport and the City of Mesa." It is anticipated that the project will also generate over 100 new jobs in the area.

Falcon Field Airport is located between McKellips and McDowell Roads and Greenfield and Higley Roads with convenient access to the Red Mountain 202 Freeway less than 1-mile away. Falcon Field Airport ranks 3rd in terms of economic impact among Arizona airports, behind Phoenix Sky Harbor International Airport and Tucson International Airport and ranks among the "top 10" in the nation for general aviation airports in terms of based aircraft and number of flight operations.

The Falcon 7 development will be available to firms and individuals in need of hangar space. If interested in this development, please call Alan House at 480.980.0787. For information about the additional 80 acres available for lease for development at Falcon Field Airport, contact Mike Haenel, senior vice president at Grubb & Ellis, 602.224-4404.