The Port Authority of New York and New Jersey and Realterm, formerly operating as Aeroterm, announced today 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.

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David Rose

Managing Director,
Senior Fund Manager