Indianapolis Airport Authority Board Meeting Agenda April 2026
IAA Considers Three-Year Hangar Lease With Comlux
Trusted by teams at
Description
The Indianapolis Airport Authority staff recommends approval of a three-year lease agreement with Comlux Realty, LLC for IMC Hangar 1A beginning May 1, 2026. The lease covers 44,143.5 square feet with first-year rent of $595,937.50 and annual rate escalations. The hangar will support Comlux’s contracted work on various aircraft types.
Contract Details
Contract Amount
$595,937.50 for first year; rent escalates by $0.25/sq ft annually
Vendor
COMLUX REALTY LLC
Agency
Indianapolis Airport Authority, IN
Contract Type
FACILITIES
Document Date
April 17, 2026
Contract Term
May 1, 2026 – April 30, 2029 (three-year primary term)
Renewal Date
2029-04-30
Renewal Info
Primary term of three years from May 1, 2026 through April 30, 2029; rental rate increases by $0.25 per square foot each May 1 during the primary term. No renewal options stated.
More from COMLUX REALTY LLC
Related Contracts
More from Indianapolis Airport Authority
Indianapolis Airport Authority AgendaPacket Board of Directors Meeting 2026-05-15
Indianapolis Airport Authority AgendaPacket Board of Directors Meeting 2026-05-15
Indianapolis Airport Authority AgendaPacket Board of Directors Meeting 2026-05-15
Indianapolis Airport Authority AgendaPacket Board of Directors Meeting 2026-05-15
Indianapolis Airport Authority AgendaPacket Board of Directors Meeting 2026-05-15
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.