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Real estate developer Realterm has secured $150 million from investors for its open-ended fund Realterm Airport Logistics Properties (RALP) to fund cargo projects in Chicago (ORD), New York (JFK), Boston (MHT) and Pittsburgh (PIT). Already under construction are a 350,000-square-foot cargo project at JFK; an 800,000-square-foot cargo processing space at ORD, and 100,000-square-foot building at ....
Cargo airlines and freight forwarders are continuing to grow their warehouse footprints to meet the elevated airfreight demand, with multiple stakeholders opening new facilities in the past week. CEVA Logistics has opened a new Contract Logistics warehouse in Jundiai, Brazil. Photo/CEVA Logistics Forwarder CEVA Logistics opened a sustainability-focused warehouse in Jundiai, Brazil, near Sao Paulo, ....
Pittsburgh International Airport (PIT)’s cargo growth strategy secured a major investment from developer Aeroterm, which will construct a 140,000-square-foot cargo building on the airfield. Photo courtesy of Pittsburgh Airport The new facility will be constructed with no cost to the airport authority. The developer will pay $244,000 in rent for the first full year along ....
Pennsylvania’s Harrisburg International Airport (MDT) plans to increase its cargo apron space by 30% by fall 2026 to better capture the area’s growing manufacturing activity. MDT airport expansion project. Photo courtesy of MDT. The multiphase, $48 million project that began in 2021 consists of an airside portion and a landside portion, Scott Miller, deputy director […] ....
Aeroterm, the airport development subsidiary of supply chain real estate developer Realterm, plans to develop a 350,000-square-foot facility on more than 26 acres at John F. Kennedy International Airport (JFK). Aeroterm plans to break ground on the project in September, and complete it by the end of 2023. JFK cargo rendering of Aeroterm project, photo […] ....