MIAMI—AVE Aviation & Commerce Center, the master-planned business park on 178 acres at the western region of Opa-Locka Executive Airport, has signed a $20 million, 100,000-square-foot lease with Turbopower. The aircraft engine service provider has contracted for a build-to-suit facility to serve as its headquarters.

“We selected AVE because of its ideal location at the airport and the flexibility of local ownership to structure a transaction that worked for Turbopower," says Rana Das, principal of Turbopower. The company plans to consolidate and relocate its facilities to better serve its customers. The move to AVE will bring about 150 employees to the new site.

Under the terms of a 15-year lease agreement, Turbopower will take up build-to-suit space in AVE's Building “J,” which will be located at 5499 Northwest 145th Street in Miami when construction begins in the first quarter of 2014. Turbopower is currently headquartered in Miami Lakes.