DALLAS, July 17 /PRNewswire-FirstCall/ -- Aviall, Inc. (NYSE: AVL) announced today that it will begin construction in July on two additions to the Company's Aviall Services unit, Central Warehouse Facility and Headquarters staff building. The expansion is expected to double the footprint of the 325,000-square-foot Dallas complex located at 2750 Regent Boulevard.
Aviall will construct a new 75,000-square-foot building north of its current location at 2750 Regent Blvd. and also add about 250,000 square feet of space to its existing warehouse and distribution facilities.
The projects are scheduled to be completed by January 2007. In 2001, Aviall opened its current corporate headquarters and central warehouse facility, located near the intersection of I-635 and North Royal Lane on DFW Airport property.
Aviall is a major solutions provider of aftermarket sales, supply-chain management and related value-added services for the commercial, general aviation, and military segments of the aerospace industry. At present, Aviall Services, the world's largest independent provider of new aviation parts, markets and distributes about 650,000 unique aircraft and related parts from 220 manufacturers through 37 customer service centers in North America, Europe and Asia-Pacific.
Dan Komnenovich, president and COO for Aviall Services, said six consecutive years of record sales have created the need for this expansion. Aviall's sales in 2005 reached
"Aviall is moving ahead aggressively as our industry's leading provider of aerospace and defense aftermarket parts and related support services," Komnenovich added. "We are pleased to announce that our vigorous growth has produced the need for this expansion of our corporate headquarters. These new facilities will enhance our ability to achieve our objectives by delivering world-class customer service and technology to every customer, every supplier, every time."
Dallas-based Hillwood, which is best known for its development of the 17,000-acre AllianceTexas project in north Fort Worth and American Airlines Center and Victory near downtown Dallas, has been selected by Aviall to develop and construct its new facilities.
The two additions will be fully climate-controlled with energy-efficient lighting and remote sensors. There will also be expanded facilities for training and meetings, increased parking, and additional space for technology, sales, forecasting and procurement. A long-term lease for the property by Aviall extends to June 2020 .
ABOUT HILLWOOD
Hillwood, (http://www.hillwood.com ) a Perot company, is ranked as one of the top commercial real estate developers in the country by Commercial Property News and National Real Estate Investor magazines. The company's developments currently house facilities for 81 companies listed on either the Fortune 500, Global 500 or Forbes List of Top Private firms.
ABOUT AVIALL
Aviall, Inc. is a leading provider of aftermarket supply-chain management services for the aviation and defense industries. Aviall is comprised of two operating units: Aviall Services Inc. and Inventory Locator Service (ILS). As the world's largest independent provider of new aviation parts and related aftermarket operations, the Aviall Services business unit markets and distributes products for more than 220 manufacturers and offers approximately 650,000 catalog items from 37 customer service centers located in North America, Europe, and Asia-Pacific. Aviall Services provides maintenance for aviation batteries, wheels and brakes as well as hose assembly, kitting and paint-mixing. The company also offers a complete set of supply chain and logistics services, including order processing, stocking and fulfillment, automated inventory management and reverse logistics to OEMs and customers. The Inventory Locator Service (ILS) business unit, headquartered in Memphis, Tennessee, provides information and facilitates global eCommerce via its electronic marketplace that enables subscribers to buy and sell commercial parts, equipment and services, as well as provides eBusiness Services to the aviation, marine and defense industries. Additional information on Aviall is available via the Internet at http://www.aviall.com .
SOURCE Aviall, Inc.
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