FedEx Express to expand cargo footprint at Miami I

2019-04-12 11:00:28

Parcel giant FedEx Express is to expand its logistics footprint at Miami International Airport (MIA), the fourth largest cargo hub in the US.

Property company Aeroterm, which has developed a number of airport cargo facilities across the US, has reach an agreement with airport landlord Miami-Dade County for the expansion of its air cargo facility at MIA.

Aeroterm leases the MIA facility to FedEx Express, a development completed in 2004 with a 25-year lease on 23.4 acres.

Aeroterm will extend the ground lease to 2050 and expand the premises by approximately 6 acres of additional land, on which it will construct the building expansion.

Aeroterm is currently working on air cargo developments at New York’s JFK airport, Cincinnati/Northern Kentucky International Airport, and the latest phase of an air cargo development at Chicago’s O’Hare International Airport.

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