A jungle gym, indoor go-kart track and other mismatched businesses will eventually be moved out of a logistics complex at Calgary International Airport in Alberta to make way for cargo operators that can utilize the airside access for its intended purpose — moving commerce — according to the property’s new owner.
Realterm, a global investment manager focused on logistics infrastructure and a developer of cargo real estate at airports, last week announced it had acquired control of more than 502,000 square feet of industrial property adjacent to the Calgary airfield. According to public records, Realterm assumed the ground lease in a deal with Great West Life and will make payments to the airport authority for 49 years.
