Terminal Logistics Center Update 04/06/23

$75M Acquisition Loan Issued for Terminal Logistics Center

Investment firm, H.I.G. Capital, has just issued a $75 million acquisition loan as part of a $136 million recapitalization for a new air cargo hub, located at 130 South Conduit Avenue in Queen's South Ozone Park neighborhood. The "Terminal Logistics Center", as it's known, was recently completed and will soon open for business.

The 5-story structure was developed by  to help serve the cargo logistics demands of major nearby airport, JFK International. JFK is the 9th busiest US airport in terms of cargo traffic and it handles roughly 3.4 million pounds of freight each year.

Designed by , and constructed by , Terminal Logistics Center occupies a 130,000 square foot lot, and totals square feet. It boasts 300,000 square feet of Class-A warehousing and storage area, spanning 3-floors, a 20,000 square foot truck court, and square feet of operational offices.

The facility has 28 loading docks, capable of handling full-size tractor-trailers, as well as a couple of drive-in doors for smaller trucks. It was engineered with 26-foot interior ceiling clearances and a 50-foot column grid for easy maneuvering. The building is also unique for being the first multi-level warehouse on the East Coast. As such, it has a vehicle ramp that wraps around the building in order to allow trucks to unload at docks located on the 2nd floor.

Terminal Logistics Center's location provides direct and efficient access to the Van Wyk Expressway, JFK's passenger terminals, and most importantly, the airport's air cargo facilities. Although the project comes a bit late due to covid-related slowdowns over the past couple of years, the new hub is ready to go now and should open its doors in the coming months.

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