HOUSTON, Texas – July 13, 2012 – Officials from Houston George Bush Intercontinental Airport (IAH), the city of Houston, Texas and joint venture developers Perot Development Company and Perot Development Houston LP today cut the ribbon on an air cargo facility that will serve as a UPS regional hub. The 8,500-square-foot, cross-dock facility, located at 19575 Lee Rd., Humble, Texas, provides sort operation areas and an aircraft apron capable of accommodating up to three Boeing 747’s and staging areas.
As a global leader in logistics, UPS offers a broad range of solutions including transporting packages and freight, facilitating international trade and deploying advanced technology to more efficiently manage the world of business. UPS serves more than 220 countries and territories worldwide. UPS Air Cargo provides fast, reliable cargo service to more than 90 U.S. airports. The new regional hub features amenities such as:
- Office/Storage facility
- AOA Access Gate
- Three Boeing 747 positions
- Canopy at airside ramp
- Trailer and GSE Storage Areas
- Foreign Trade Zone benefits
- Single story title wall
- Fueling in aircraft apron
- 120 vehicle parking spaces
- Nighttime operation capabilities
The project was financed through the issuance of $2,805,000 of tax exempt air cargo revenue bonds through the City of Houston Industrial Development Corporation. Wells Fargo Bank Texas, N. A. is the Trustee and all rent payments from UPS are deposited with the Trustee directly via monthly wire transfer. The bonds are non-recourse and mature on February 28, 2023, which is the expiration of the UPS lease agreement.
About Perot Development Company
Perot Development Company is a full service real estate company that is responsible for the construction/development, leasing and management of their facilities. Perot Development specializes in the development of air cargo and warehouse/distribution facilities at major airports in the U.S. Major developments include the Aviall headquarters, Dallas Airmotive Aircraft Engine Repair & Test Facility, Schenker Logistics/BAX Global logistics facility and Life Science Logistics distribution center, all at DFW International Airport, and the UPS regional gateway hub at Houston Intercontinental Airport. For more information, visit www.perotdevelopment.com.
About Houston Airports
The Houston Airports served more than 49.9 million passengers in 2011. Houston’s three airports, George Bush Intercontinental Airport (IAH), William P. Hobby Airport (HOU) and Ellington Airport (EFD) contribute more than $27 billion to the regional economy. Visit fly2houston.com and follow us @IAH and @HobbyAirport.