Realterm buys 502,065 sq.ft air cargo facility in Calgary

Realterm announced the latest expansion of its global transportation logistics real estate platform with the acquisition of the Airfreight Logistics Centre covering five Class-A industrial buildings totaling 502,065 square feet in Calgary, Alberta.

"The Centre is situated on land leased from the Calgary Airport Authority, directly adjacent to the airfield at the Calgary International Airport, the fourth busiest airport in Canada which handles 75% of Alberta’s air cargo shipments," says an official release from Realterm.

The Centre, which includes a mix of small and mid-bay facilities, is positioned to cater to the needs of airport operators and includes high-functionality attributes including 159 loading doors and direct access to the airfield, the release added.

“This strategic acquisition, with direct access to the tarmac and proximity to vital transportation routes, amplifies our presence in the Calgary area and provides a unique opportunity to meet the needs of the rapidly growing airport community,” says Alexi Lachambre, Vice President, Investments, Realterm.

Jacob Smiley, Associate Vice President, Investments, Realterm adds: “We are especially proud of this acquisition, furthering our strategic goal of offering best-in-class transportation logistics facilities to our user-partners. It is an exemplary portfolio of highly functional and differentiated buildings and reinforces our commitment to delivering superior real estate solutions in thriving markets.”

The five properties, located at 46, 47, 49, 52 and 58 Aero Drive NE, are located on the west side of the Calgary International Airport, offering tenants direct access to Highway 2, the north-south thoroughfare that is part of the CANAMEX Trade Corridor, the release added.