Six companies have formally expressed interest in discussing commercial development and financing options for warehousing, distribution and product assembly operations in and around the Ted Stevens Anchorage International Airport. Three commercial developers (Irwin Development Group, Lynxs Group, Pfeffer Development) and three banks (First National Bank Alaska, KeyBank and Northrim Bank) submitted formal letters of interest to the Alaska AeroNexus® Alliance in pursuit of development opportunities at the Anchorage airport.
The Alaska AeroNexus® Alliance is a public-private partnership of the Alaska International Airport System, Municipality of Anchorage and the Anchorage Economic Development Corp. The mission of the partnership is to make global supply chains more efficient by utilizing the strong flight connectivity and uniquely central location of Anchorage and the Ted Stevens Anchorage International Airport.
The airport is a critical link between Alaska communities, the contiguous U.S. and international destinations. Approximately 75 percent of all air cargo shipped between Asia and the U.S. passes through the airport. In 2016, ANC was the sixth-busiest air cargo airport in the world by landed tonnage with approximately 500 widebody aircraft landings per week.
“The airport and its related industries are a vital part of the Anchorage economy,” said Jason Feeken of First National Bank Alaska. “Our bank is actively lending to businesses and real estate ventures operating within its boundaries.”
Alaska AeroNexus® Alliance is pursuing opportunities in targeted industry sectors that can benefit from Anchorage International Airport’s globally central location, robust air cargo connectivity and highly reliable service including pharmaceutical logistics, automotive electronics and consumer electronics. Alaska AeroNexus® Alliance will be coordinating with the partner companies to ensure they have a high level of familiarity with the needs of the industry sectors being pursued and the development opportunities that exist, both on the airport property and off-airport.
“Incorporating capital partners and commercial developers early in our business development and outreach process will ensure projects can be started and completed faster and more cost effectively,” said Will Kyzer, Logistics Business Development Director for AEDC. “We welcome the opportunity to work with companies on opportunities related to Ted Stevens Anchorage International Airport.”
All three developers have significant experience developing warehousing and distribution projects, as well as numerous Alaska projects. Additionally, Lynxs Group and Pfeffer Development have substantial experience developing on-airport projects across the United States, including at the Anchorage airport.