[JYO] Dulles Jet Center Opens..

_http://www.leesburg2day.com/articles/2006/11/28/loudoun_business/biz24djc1128
06.txt_ 
(http://www.leesburg2day.com/articles/2006/11/28/loudoun_business/biz24djc112806.txt)
 
 
Owners of corporate and private aircraft have a new parking option at  Dulles 
Airport, Dulles Jet Center. Designed for short- and long-term use, the  
center has four 40,000-square-foot hangers, a 25,000-square foot office 
complex,  
40 shop facilities and 30 storage rooms.

Real estate developer Nathan  Landow is behind the $60 million center. His 
Bethesda-based Landow & Co. has  experience in commercial and residential 
markets, but the Dulles Jet Center is  the company's first aviation-related 
venture. 
Landow said he initially wanted to  open a hanger for his company jet, but no 
land was available for a single hanger  when he asked the Metropolitan 
Washington Airports Authority about his plans in  2004. Instead, he signed a 
30-year 
lease for 20 acres and built the  center.

"It's investing in floor space, which we know how to do. We  looked at it as 
a real estate investment," Landow said.

Landow's sons are  also involved with the center. David Landow handles 
leasing and Michael Landow  is in charge of construction. The center was 65 
percent 
occupied before the  center opened at the end of October.

"There was pent up demand," David  Landow said.

One month after opening, the center was 75 percent occupied  with 12 tenants 
with 16 large- and medium-sized jets including Bombardier  Challengers and 
Bombardier Global Expresses.

One tenant is E*Trade  Financial Corp., which leases roughly 12,000 square 
feet of hanger space for two  Bombardier Challengers. E*Trade aviation director 
Justin Schug said the company  signed a lease early this year because there is 
a lack of aircraft storage space  at Dulles Airport.

Dulles Jet Center's facilities appealed to him because  "when you have assets 
you're always concerned about where they'll be stored and  how they'll be 
stored," he said. The center's layout appeared to "lend itself to  ease of 
operation," Schug said.

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