Massport owns and operates approximately 460 acres of land, which approximately 320 acres support maritime and commercial real estate in Charlestown, East Boston, and South Boston. The Real Estate & Asset Management Department (RE&AM) manages a mix of long-term ground leases, space leases at the Boston Fish Pier, and short-term licenses. Assets range from commercial office buildings, hotels, and apartment buildings to the Boston Fish Pier, the Massport Marine Terminal, the Boston Autoport, Boston Harbor Shipyard & Marina, and 88 Black Falcon. RE&AM supports Massport’s maritime mission by managing Massport’s maritime industrial tenant relationships and overseeing commercial assets to maximize revenues to invest in the Port.
Massport's real estate objectives are threefold:
Generate new and sustainable revenue sources to support Massport's maritime facilities and operations;
Stimulate economic development through real estate investment, job creation, taxes and other contributions, and pioneering diversity and inclusion initiatives; and
Pursue thoughtful and collaborative urban planning and design that supports the City of Boston and its communities.
Massport's Real Estate & Asset Management Department oversees a diverse real estate portfolio, including both development projects and leases, and licenses for existing stabilized assets.
Massport's real estate assets include the following properties:
Approximately 93 acres of land in Charlestown including Constitution Wharf and Constitution Marina at Hoosac Pier, and the maritime industrial facilities at Boston Autoport, the Massachusetts Clean Energy Center’s Wind Technology Testing Center, Mystic Pier 1, Mystic Pier 48, and the Medford Street Terminal.
Approximately 38 acres of non-airport waterfront land, which includes the Portside at East Pier residential development Buildings 5, 6, and 7, the Boston Harbor Shipyard and Marina, and the spectacular East Boston Piers Park.
Approximately 330 acres of land, which includes commercial development properties such as the Seaport Boston World Trade Center, including the Seaport Hotel, the Seaport East and West Office Buildings, and Commonwealth Pier, 601 Congress Street Office Building, Park Lane Apartments, Waterside Place Apartments, Gables Seaport Apartments, Ora Seaport Apartments, the Renaissance Boston Waterfront Hotel, Hyatt Place Hotel, and the Omni Boston Hotel in the Seaport, and Liberty Wharf.
Massport Maritime industrial properties under lease include the historic Boston Fish Pier, Massport Marine Terminal, the Fargo Street Terminal, the Boston Lobstermen’s Co-Op, the OPG Leasehold, and 88 Black Falcon. Massport's container and cruise terminals are operated by the Maritime Department.
Maritime Industrial Properties
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