MHT and Aeroterm to Develop Multitenant Cargo Facility
- The new building will provide cargo companies with easy access to five million within a two-hour drive from the Airport
Manchester Boston Regional Airport (MHT) and Aeroterm have announced that they have entered into a ground lease to develop a multitenant cargo facility at the Airport over the next three years.
The new building will provide a convenient access point for cargo companies to reach all areas in Northern New England as well as northern Massachusetts and the Greater Boston Area. Aeroterm, MHT’s partner in the project, is an expert in facility-related services to airports across North America and has a reputation for understanding the air cargo market and building efficient cargo facilities.
Airport Director, Ted Kitchens, A. A. E., said:We are excited about the potential this facility will add to our cargo handling capabilities. With close to four million additional square feet of distribution centers planned within 20 miles of MHT, this cargo facility will allow Manchester-Boston Regional Airport to leverage our all-weather runway approach capabilities to efficiently move e-commerce to the five million customers that live within two hours of our Airport.
Kitchens said that MHT has had two back-to-back record-breaking years of cargo volumes and hopes to increase this even more through the partnership with Aeroterm.
Manchester Mayor, Joyce Craig, said:Coming off two record-high years for cargo, this new facility will help propel the Manchester-Boston Regional Airport towards even more record-breaking growth in cargo activity. This partnership has the ability to be a significant revenue source for MHT, further lower airline operating costs and strengthen the position of the Airport within the region.
The ground lease can support up to a 100,000 square foot building and three widebody aircraft parking positions. The facility will be located just off the 9,250-foot primary runway for easy access. The Airport is conveniently located next to Interstates 93 and 293, the F.E. Everett Turnpike and Routes 101 and 3, creating a great opportunity for transportation of cargo to the surrounding area.
Vice President of Investments for Aeroterm, Alexi Lachambre, said:We are proud to take part in this very exciting project. MHT’s leaders have proven to be dynamic and visionary partners, keen to capitalize on the surge of e-commerce and create economic opportunity for their broader community. Demand for air cargo, primarily due to e-commerce, is continuing to grow at a staggering pace. Given the level of congestion in the regional distribution network, we expect the project with MHT’s world-class infrastructure will garner the interest of major logistics players.
Besides being a valuable economic boost for MHT and the surrounding community, the new cargo facility will benefit its tenants through various New Hampshire tax advantages.
NH Department of Business and Economic Affairs Commissioner, Taylor Caswell, said:Companies that operate at the Airport not only enjoy the New Hampshire Advantage of low corporate tax rates and no state sales taxes but can also take advantage of MHT being located inside Foreign Trade Zone 81, which provides duty-free imports for companies located at the Airport. The combination of these economic benefits, as well as close proximity to a robust highway network, provides a powerful and compelling reason for businesses to Choose NH.
The project will also have a positive economic impact on the surrounding community through the creation of additional employment opportunities in order to build and operate the new facility.
This article was originally published by Manchester Boston Regional Airport.
