The Boston Globe | By Jon Chesto
April 15, 2017
Travelers at Logan International Airport might not have to go far to get a Sullivan’s hot dog, a slice of pizza from Santarpio’s, or a roast beef sandwich at Kelly’s. In fact, they might be able to do it right in the terminal, while they’re waiting to board a plane.
That’s because the Massachusetts Port Authority has picked a new commercial landlord for the approximately 160 stores, restaurants, and newsstands that line Logan’s four terminals — and has chosen a local company determined to give Logan an even more local flavor.
Over the next five years, Massport chief executive Thomas Glynn expects that at least two-thirds of the outlets will be new to Logan or remodeled versions of existing tenants.
MarketPlace Development, the airport development arm of Boston-based New England Development, won the bidding for a 10-year concessions contract at Logan. MarketPlace beat out two rival bidders: incumbent Airmall, which currently manages terminals B and E, and Mexican airport operator ASUR. Westfield Corp., which runs terminals A and C, opted not to make a bid.
Glynn said the MarketPlace contract will provide Massport with at least 10 percent of the lease revenues, which are expected to total more than $200 million a year. That means Massport stands to receive at least $20 million a year over the next 10 years through this contract.
“There will be changes, some of them more subtle than others,” said Steve Karp, chief executive of New England Development.
MarketPlace takes over terminals B and E in November, and then C and A in early 2018. Many of the existing tenants have five- to 10-year leases, so many will stay for several years until their leases are up.FREE SHIPPING EVERYDAY
Glynn said some of the local brands that were discussed in MarketPlace’s bid included Sullivan’s, Santarpio’s, and Kelly’s. The presentation also included a Boston Globe-branded newsstand. The new mix, he said, will be more locally oriented than the current one, although the exact tenant roster hasn’t been decided yet.