|The transaction structure, quality of
facilities and overall project
development of the Federal Aviation
Administration Headquarters and
Campus in Atlanta, Ga., have been
such a success that they have led to
the revitalization of College Park’s
Main Street. This revitalization has
included Keenan Development’s
full-service Health Department,
Outpatient Medical Clinic and public
library, all of which proved integral
to the College Park neighborhood’s
urban renewal effort.
|This area, adjacent to Atlanta's Hartsfield-Jackson
International Airport, received a significant
economic boost through Keenan Development’s
successful completion of the Federal Aviation
Administration’s headquarters facility and new
campus environment. The approximately 310,000-
square-foot, $37 million, multi-building campus
was developed pursuant to a design/build/finance,
public/private partnership arrangement.
Keenan Development acquired the project site
through the College Park Business and Industrial
Development Authority. The facility is owned in
a unique public/private venture among Keenan
Development, the city of College Park and the
College Park Business & Industrial Development
Authority. A series of creative ground leases,
building leases and subleases support the project.
The city of College Park enjoys the reversionary
interest and economic benefit of the facilities.
|Included within this high-tech facility are
sophisticated fiber optics, first-class office
areas, and computer and food service facilities.
As the headquarters operation is significant to
the country’s national defense and homeland
security, building security issues were of high
priority. System redundancies and overall
building reliability were imperative to the
building’s 24/7/365, mission critical function.
Keenan Development provided a full range of
developer services and continues to serve as
asset, property and facilities manager for
As is the case with all Keenan Development
projects, the Federal Aviation Administration
Headquarters and Campus were completed on
time and within budget.