DANIA BEACH, FL—Kimco Realty Corp. has completed the sale to Spirit Airlines of approximately nine acres of land at its Dania Pointe mixed-use project here. Spirit Airlines previously announced 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.
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