Aeroterm has signed an agreement with Miami-Dade County to expand its air cargo facility at Miami International Airport, which it leases to FedEx Express.
The existing facility was completed in 2004 with a 25-year lease with the county on 23.4 acres.
Through the new agreement, Aeroterm will extend the ground lease to 2050 and expand its leased premises by approximately six acres of additional land on which it will construct the building expansion.
Alexi Lachambre, vice president of development for Aeroterm says: “As a world leader in air cargo, FedEx is a key customer in our portfolio expansion. We look forward to delivering this facility in record time to accommodate the growing business needs of FedEx.”
In addition to Miami, Aeroterm is 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.