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The Latest UPS Headlines
Airport Authority approves UPS' $216M expansion at MEM
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<blockquote data-quote="cheryl" data-source="post: 4374453" data-attributes="member: 1"><p><a href="https://www.bizjournals.com/memphis/news/2020/02/20/airport-authority-approves-ups-216m-expansion-at.html?ana=yahoo&yptr=yahoo" target="_blank"><strong>Airport Authority approves UPS' $216M expansion at MEM - Memphis Business Journal</strong></a></p><p></p><p>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.</p><p></p><p>The project was approved Thursday, Feb. 20, by the Airport Authority.</p><p></p><p>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 UPS will remove certain outdated facilities currently located on the property.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4374453, member: 1"] [URL='https://www.bizjournals.com/memphis/news/2020/02/20/airport-authority-approves-ups-216m-expansion-at.html?ana=yahoo&yptr=yahoo'][B]Airport Authority approves UPS' $216M expansion at MEM - Memphis Business Journal[/B][/URL] 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 UPS will remove certain outdated facilities currently located on the property. [/QUOTE]
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Airport Authority approves UPS' $216M expansion at MEM
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