Manchester-Boston regional airport (MHT) and Aeroterm have entered into a ground lease to develop a multi-tenant cargo facility at the US east coast 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.
“We are excited about the potential this facility will add to our cargo handling capabilities,” said Airport Director Ted Kitchens, adding: “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.
The ground lease can support up to a 100,000 sq ft 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 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.
Said Alexi Lachambre, Vice President of Investments for Aeroterm: “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.
“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,” said NH Department of Business and Economic Affairs Commissioner Taylor Caswell.
“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.”
