port-authority-of-new-york-and-new-jersey

PANYNJ Signs Long-Term Ground Lease with Aeroterm

The Port Authority of New York and New Jersey and Aeroterm announced on June 22 the signing of a long-term ground lease agreement for the development of a state-of-the-art $145 million, 350,000-square-foot cargo facility on more than 26 acres at John K. Kennedy International Airport. The project is part of a comprehensive Port Authority strategy to bring 21st-century standards to cargo operations at all of its commercial airports.The first new ... [+]