Airport Authority approves UPS' $216M expansion at MEM

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 20, 2020.

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  1. cheryl

    cheryl I started this. Staff Member

    Airport Authority approves UPS' $216M expansion at MEM - Memphis Business Journal

    The sixth amendment of a longtime UPS lease agreement with the airport will let it expand its Memphis distribution facility to the tune of $216 million.

    The project was approved Thursday, Feb. 20, by the Airport Authority.

    In the agreement to expand its hub at 3675 New Swinnea Road, Atlanta-based United Parcel Service Inc. will pay an annual rent of $239,000 starting March 1. The expansion will add 1.1 million square feet of land to be used as facility support and trailer parking, according to the resolution of the Memphis-Shelby County Airport Authority (MSCAA). UPS will remove certain outdated facilities currently located on the property.