Contact Us

Joint Base MDL Land Targeted for Private Energy Venture

Acreage at Joint Base McGuire-Dix-Lakehurst appears headed for development into energy production by private investors.

Joint Base Open House (Joint Base McGuire-Dix-Lakehurst)

Air Force officials at Joint Base San Antonio-Lackland in Texas say they’re entering talks to lease three of six possible tracts for an energy-based enhanced use lease (EUL).

Negotiations, they said, will take place with a group called the Starwood Siemens team.

Starwood Energy Group is a subisidiary of the Connecticut-based Starwood Capital Group Global L.P., a 22-year-old venture firm primarily rooted in real estate. Siemens has a global presence in technology and infrastructure development, built over 165 years since its origins in Germany.

Also involved in the project are Keenan Development Associates of South Carolina and CB&I, which maintains world headquarters in Texas and the Netherlands.

EULs are long-range deals that the Air Force undertakes with public and private entities to lease “non-excess” land in its possession for cash or trade.

Energy development and commercial real estate are identified as typical uses aimed at saving money and upgrading regional infrastructures while maintaining mission goals.

The Air Force Civil Engineer Center is said to have entered into eight EUL agreements, with revenue and other considerations totalling about $250,000,000.

According to the Air Force, the Starwood Siemens team and the Siemens Energy Management subsidiary would create energy projects on three of six targeted tracts.

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wobm.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 92.7 WOBM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on 92.7 WOBM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!