James III Investments Secures 30-Year Airport Hangar Lease
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Description
The City of Brenham approved a 30-year ground-space lease agreement with James III Investments, LLC for hangar space at 2801 Aviation Way for $1,100 per year. This agreement follows transfer of hangar ownership.
Contract Details
Contract Amount
$1,100.00 annually
Vendor
JAMES III INVESTMENTS LLC
Agency
City of Brenham, TX
Contract Type
FACILITIES
Document Date
June 4, 2026
Contract Term
June 1, 2026 – June 1, 2056 (30 years)
Renewal Date
2056-06-01
Renewal Info
Thirty-year initial term; lease rate subject to increase up to $0.02 per square foot each five years. Extension or transfer before termination permitted.
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