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Infrastructure  + Alternative Assets  + Real Estate  |  February 27, 2026
SomeraRoad Aviation Arm Buys 50 Acres at Key NYC-Area Airport
Joe Palmisano
By: Joe Palmisano

SR Aviation Infrastructure Buys 50 Acres at Key NYC-Area Airport

SR Aviation Infrastructure (SRAI), a subsidiary of New York- and Nashville-based real estate investment and development firm SomeraRoad, has acquired Republic Jet Center and Stratosphere Development at Farmingdale Republic Airport (FRG), securing more than 50 acres of developable land. 

SRAI plans to execute on approved development plans to deliver new, high-quality hangar space at the airport, which the firm describes as a key hub for business aviation in the New York metropolitan area. Republic Airport is increasingly positioned as a pressure valve for regional air traffic, as congestion, capacity constraints and persistent delays continue at competing airports such as Teterboro Airport and Westchester County Airport. 

“Farmingdale is one of the most important private aviation airports in the New York metro area and represents a pivotal step in SRAI’s continued growth and leadership in the general aviation infrastructure sector,” said Jonathon Reeser, President of SRAI. 

The acquisition deepens SRAI’s national footprint, which includes SRAI Las Vegas, SRAI San Antonio and SRAI Bozeman. 

Pictured: SRAI Farmingdale rendering 

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SR Aviation Infrastructure

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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