Law Firm of Angelo & Banta, P.A. represents buyer in the acquisition of fixed base operation at Boca Raton Airport
The law firm of Angelo & Banta, P.A. represented Hamid Hashemi and his company LAH Aviation Holdings, LLC in the acquisition of Premier Aviation of Boca Raton, L.L.C., which owns a 15-acre fixed base operation (“FBO”) and related development property at the Boca Raton Municipal Airport. Firm partners Thomas P. Angelo and Gavin S. Banta, along with associate Florian Ellison, worked on this transaction which was financed with a $24.6 million loan from Bank of America. Deborah Gordon, Esquire of Seyfarth Shaw, LLP in Chicago, Illinois represented the seller, Muvico Holding, L.L.C. in the transaction.
Avitat Boca Raton’s FBO presently consists of a three-story, 17,000 square foot upscale terminal, 28,000 square feet of common hangar storage, as well as three air conditioned hangars totaling 42,000 square feet and 4,500 square feet of office space. Avitat Boca Raton is consistently among the top ranked FBO’s in the nation due to its state-of-the-art facility, superior ground support and unsurpassed amenities such as concierge services, gourmet catering, elegant private meeting facilities and teleconferencing capabilities available to pilots, crew members and passengers. Avitat Boca Raton was rated #6 of the top FBO’s in the USA and #1 in the State of Florida as recognized in the AIN FBO survey for 2007.
Hashemi has been involved with Avitat Boca Raton since its inception and was the driving force behind its design. Hashemi is already making plans to increase the services of the FBO yet again with the addition of a full service restaurant on the property as well as a 75,000 square foot office building.