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Partnership Selected for Cargo Modernization Program at LAX
Los Angeles World Airports (LAWA) has selected LAX Community Partners (LACP), a partnership between Realterm and JLC Infrastructure (JLC), a joint venture between Magic Johnson Enterprises and Loop Capital, for the new Cargo Modernization Program at Los Angeles International Airport (LAX).
In 2022, LAX was ranked as the sixth busiest airport in the world and fifth in the U.S. for air cargo tonnage. Currently, LAX has three cargo areas with 27 buildings, totaling approximately 2.6 million square feet, and roughly 3.5 million square feet of aircraft ramp area. Ranging from 20 to 80 years old, many of these facilities have reached the end of their useful life and are not compatible with current industry standards.
“JLC is excited to work with Realterm and LAWA to deliver this critical project,” said Marlon Smith, managing director of JLC Infrastructure. “As a member of LACP and an equity investor in the project, we are honored to be involved in a project that will improve cargo operations at LAX while also aligning well with JLC’s sustainability and clean energy goals.”
- ◦Development
