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Infrastructure  + Alternative Assets  + Real Estate  | 
SomeraRoad Aviation Arm Buys 50 Acres at Key NYC-Area Airport

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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Inside The Story

SR Aviation Infrastructure

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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