Northrop Grumman Storage Systems Corp. and the city are negotiating a three-year lease renewal for one of the global aerospace and U.S. military contractor’s aircraft repair support spaces at Cecil Commerce Center.
An Oct. 18 memo from the city Office of Economic Development shows Northrop Grumman is asking the city for $4,841.70 in monthly rent at 16318 Lake Fretwell St. — Cecil Building 332.
The Mayor’s Budget Review Committee is scheduled to vote Oct. 23 on the economic development office’s request to file legislation with City Council approving the lease extension.
The Duval County Property Appraiser lists the 8,158-square-foot building’s address as 1615 POW-MIA Memorial Parkway.
An exhibit in the packet shows a Google Earth satellite image of Building 332 and identifies 19 parking spaces and a loading area.
The memo states that Northrop Grumman uses the facility for repairs in support of P-3 Orion aircraft. The amended lease increases rent by 3% annually and have two, one-year renewal options.
The draft amended lease in the committee’s meeting says Northrop Grumman signed the original lease Dec. 28, 2020, which expires Dec 31, 2022.
In August 2020, Council approved a five-year lease extension for the company’s 56,679-square-foot parts and component storage facility at Cecil for $12,422.15 per month.
That facility is at POW-MIA Memorial Parkway and Crossover Street, adjacent to the aircraft repair support facility.
Northrop Grumman has leased warehouse space at Cecil Commerce Center since 2000 when the city took ownership of the building from the U.S. Navy, according to city documents.
Falls Church, Virginia-based aerospace company is a U.S. government contractor. It has missile defense and advanced missile warning and tracking systems as part of its portfolio, according to its website.
It is also contracted by NASA to build components for the James Webb Space Telescope, which released its first deep-space images in July.