Mon, Apr 15, 2019
Tenant Is World's Largest Express Transportation Company, FedEx Express
Aeroterm has announced an agreement with Miami-Dade County for the expansion of its air cargo facility at Miami International Airport (KMIA). Aeroterm holds a ground lease at MIA and leases the facility to FedEx Express. The agreement to extend the Aeroterm ground lease and expand the facility was approved by the County Commission on March 19th.
The existing Aeroterm FedEx facility at KMIA was completed in 2004 with a 25-year lease with the county on 23.4 acres. Through this agreement, Aeroterm will extend the ground lease to 2050 and expand its leased premises by approximately 6 acres of additional land on which it will construct the building expansion.
"As a world leader in air cargo, FedEx is a key customer in our portfolio expansion," said Alexi Lachambre, vice president of Development for Aeroterm. "We look forward to delivering this facility in record time to accommodate the growing business needs of FedEx."
KMIA was the fourth busiest U.S. airport for total cargo freight in 2017, and the busiest for international freight, according to research by the Miami-Dade Aviation Department. In 2018, the weight of cargo shipped from KMIA increased by 2.8 percent. FedEx is one of the largest cargo carriers at MIA, and the world's largest express transportation company.
"Miami is a top gateway airport and key entry point for perishables and other high-value goods from South America," said Lachambre. "We look forward to continuing our long-standing relationship with FedEx and the Airport to support local job growth and improve airport operations."
In addition to its endeavors at Miami International Airport, Aeroterm is currently working on air cargo developments at John F. Kennedy International Airport, Cincinnati/Northern Kentucky International Airport, and the latest phase of an air cargo development at Chicago's O'Hare International Airport.
(Source: Aeroterm news release. Image from file)
More News
Airport Rotating Beacon A visual NAVAID operated at many airports. At civil airports, alternating white and green flashes indicate the location of the airport. At military airports>[...]
Aero Linx: Fly for the Culture Fly For the Culture, Inc. is a 501(c)(3) non-profit organization that serves young people interested in pursuing professions in the aviation industry>[...]
Klyde Is Having Some Issues Comprehending The Fed's Priorities FMI: www.klydemorris.com>[...]
Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]
Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]
ANN's Daily Aero-Term (04.25.24): Airport Rotating Beacon
See All