Search
 

Racebrook Signs 178,000SF Lease at JFK

NEW YORK CITY—The facility—for which the developer has signed a 30-year commitment—will serve as an animal handling and air cargo operation.

By Rayna Katz | Updated on January 13, 2015

NEW YORK CITY—ARK Development—an affiliate of leading real estate company Racebrook Capital—has signed a 30-year lease with the Port Authority of New York and New Jersey to develop, finance, construct, operate and manage the ARK at JFK, a $48-million, 178,000-square-foot state-of-the-art animal handling and intelligent air cargo facility. The ARK will be the world’s only privately owned animal handling cargo terminal and USDA-approved, full-service 24-hour airport quarantine facility for the import and export of horses, pets, birds, and livestock.

The ARK at JFK will be constructed at the current site of Cargo Building 78 at JFK, with 14.4 acres of surrounding ground area, which includes direct airside access to the taxiway and large aircraft ramp parking. It will be divided into three complementary sections: the air cargo wing, a central administrative and business center with 24-hour veterinary hospital, and the main animal handling facility with pet boarding, animal import and export center, and livestock export handling system.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.