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Newsroom
August 18, 2009
HOUSTON, TX, August 18, 2009 — The Houston Airport System (HAS) and Trammell Crow Company announce that Tradewinds Cargo Handling, owned by New Jersey-based Group One Investments, LLC, signed a lease to operate a cold-storage air cargo facility at George Bush Intercontinental Airport (IAH).
(Photo: http://www.newscom.com/cgi-bin/prnh/20090817/DC62511)
Starting November 1, Tradewinds Cargo Handling will accept perishable imports flown into Houston from international markets and will distribute throughout the United States. Trammell Crow Company developed the 61,484 square-foot IAH International Air CargoCentre(TM) II with the intent of establishing Houston as a major gateway for temperature and time-sensitive air cargo.
"We are excited about establishing Houston as a gateway for perishables, and we look forward to working with Trammell Crow Company and Houston Airports to turn this vision into reality," said Edward Danberry, Group One Investments CEO.
Group One Investments named Kerry Galegher the director of the new air cargo facility, which offers direct ramp access for airlines and is next to a consolidated Federal Inspection Services center that speeds up processing of imported products.
"This new cargo operation adds a needed dynamic to international and Houston-based importers and distributors of perishable products," said Eric Potts, Houston Airport System interim director of aviation. "The facility is the first of its kind in Houston in size and scope and allows airlines and logistics managers to better serve their customers."
Tradewinds Cargo Handling will offer a broad range of import and export value-added services, some of which include:
· Pre-cooling imports
· Sorting imports
· Re-labeling imports prior to shipment to distribution centers or retail outlets
· Certified cargo screening for airlines, freight forwarders, consolidators and commercial shippers
· Transshipment by air and ground transportation
"This represents a significant opportunity for growth at Bush Intercontinental Airport, and Houston's central location will dramatically improve the quality of imported products for the central United States," said Steven Bradford, Trammell Crow Company managing director of airport development. "Bush Intercontinental Airport is going to play a significant role in the global distribution of temperature and time-sensitive products. The IAH International Air CargoCentre(TM) II will be a key link in the cold-chain."
Trammell Crow Company is marketing the remaining warehouse space at IAH International Air CargoCentre(TM) II.
“We cannot stress enough the significance and positive impact this will have relative to our perishables market business capabilities; including an estimated $10 million in economic impact to the region in its first year, “said Jeff Moseley, President and CEO of the Greater Houston Partnership. “The Partnership’s International division and member companies have worked around the clock with Houston Airports in bringing this to fruition by assisting to create market share to secure the outbound cargo business.”
CONTACT: Houston Airport System, +1-281-233-1234, www.fly2houston.com; or Trammell Crow Company, +1-214-863-4414, www.trammellcrow.com
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About the Houston Airport System
The Houston Airport System (HAS) served more than 50 million passengers in 2008, ranking as the 4th largest multi-airport system in the U.S. and the 6th largest airport in the world. Houston's three airports contribute more than $24 billion to the regional economy and are responsible for the employment of 151,000 people. George Bush Intercontinental Airport (IAH), now celebrating its 40th Anniversary, is the 8th busiest airport in the nation. William P. Hobby Airport (HOU) and Ellington Airport (EFD) together have served the Texas Gulf Coast region for more than 150 years. For more information, visit fly2houston.com and watch "Houston Airports Today" every Saturday at 9:30 a.m. on KTBU My Channel 55.
About Group One Investments
Group One Investments is a holding company branched into seven different operating groups, with a diverse array of affiliated companies employing hundreds throughout the United States. Paramount to the success of every venture is Group One’s “Commitment to Excellence.” This core operating credo states that Group One will provide every customer with superior services and efficient technologies in a safe and dependable manner. We pride ourselves on holding to the highest standards.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in real estate. It has developed or acquired over 500 million square feet of buildings with a value exceeding $50 billion. As of June 30, 2009, Trammell Crow Company had over $6.7 billion of projects in process or in its pipeline. The company is an independently operated subsidiary of CB Richard Ellis Group, Inc., the world’s largest commercial real estate services firm (based on 2008 revenues). For more information visit www.TrammellCrow.com.
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