Kimco completes land sale for $250m HQ for Spirit Airlines

Kimco Realty Corp. has completed the sale to Spirit Airlinesof approximately nine acres of land at its Dania Pointe mixed-use project in Dania Beach, Fla.

Spirit Airlines has plans to develop a new global headquarters, investing up to $250 million for the creation of a corporate campus that will support more than 1,000 employees in up to 500,000 square feet of space. The airline has also executed a ground lease for an additional land parcel for the construction of a Spirit corporate training residence. Construction of the headquarters is expected to begin in 2021, with an anticipated transfer of employees in mid-2022.

Adding to the project’s momentum, Kimco has recently signed leases with the popular lifestyle brands Urban Outfitters and Anthropologie, both slated to open at Dania Pointe in 2020 as part of the retail component of Phases II and III, now approximately 69% pre-leased.

Phases II and III will include the Spirit Airlines headquarters, an additional