Authority Extends Innovation Park Ground Lease Terms

The Titusville-Cocoa Airport Authority negotiated Amendment #5 to its non‑aeronautical ground lease with Space Coast Innovation Park, LLC at Space Coast Regional Airport, restructuring the initial and extension terms and revising renewal options for up to 50 additional years. The amendment also caps renewal rent increases at 7% over current base rent and updates the split lease and notice provisions.

Document date · January 15, 2026

Track Titusville-Cocoa Airport Authority contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Titusville-Cocoa Airport Authority.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract type

FACILITIES

Contract term

Commencement March 9, 2022; initial term through March 31, 2072, with automatic 50‑year extensions by phase plus one additional 50‑year renewal option

Renewal date

2072-03-31

Renewal

Initial term runs to March 31, 2072, with automatic 50‑year extensions per phase upon CO or five years after rent commencement if tenant is not in material default. Tenant has one additional 50‑year renewal option; must give notice 120 days to 1 year before initial term expiration and not be in material default. Renewal rent set at 12% of FMV with increases capped at 7% above current base rent.

Document type

AgendaPacket

Source document

Titusville-Cocoa Airport Authority AgendaPacket 2026-01-15

Related contracts

Other contracts from Space Coast Innovation Park Llc.

View all →

Titusville-Cocoa Airport Authority AgendaPacket Board Meeting September 24, 2026

APPROVED

Titusville-Cocoa Airport Authority, FloridaSep 21, 2026

Titusville-Cocoa Airport Authority Regular Meeting Agenda Packet 2026-08-20

APPROVED

Titusville-Cocoa Airport Authority, FloridaAug 20, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Titusville-Cocoa Airport Authority?

Space Coast Innovation Park Llc was awarded this facilities contract by Titusville-Cocoa Airport Authority, as recorded on January 15, 2026.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Titusville-Cocoa Airport Authority AgendaPacket 2026-01-15 (AgendaPacket), dated January 15, 2026 from Titusville-Cocoa Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Space Coast Innovation Park Llc hold?

Space Coast Innovation Park Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Space Coast Innovation Park Llc's profile

What is Titusville-Cocoa Airport Authority currently buying?

Explore Titusville-Cocoa Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Titusville-Cocoa Airport Authority's profile