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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Shannon Airport sales price revealed

The 61.5-acre Shannon Airport property sold last week for $2.88 million, according to a deed recorded this week in Spotsylvania County.

Luke Curtas and his wife, Kim, on Friday purchased the property off Tidewater Trail through Shannon Airport LLC. They bought the property from Aire Shannon Inc., whose principals Robert Stanley and Billie Toombs had owned and operated the airport since 1997.

Luke Curtas, a pilot who keeps his plane at Shannon Airport, plans to refurbish the facility and eventually build a manufacturing plant for his companies on or near the property. The airport will remain open, and Toombs will manage it.

Curtas owns Mid-Atlantic Vinyl Products and Regency Polymer Materials, both of which already do business in Spotsylvania. Eventually he wants both businesses under one roof on or near Shannon Airport.

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Permalink: http://news.fredericksburg.com/businessbrowser/2014/03/05/shannon-airport-sales-price-revealed/