UPS, King County near deal for $100M Boeing Field cargo facility, long-term lease - Puget Sound Business Journal
Courier giant United Parcel Service is in advanced talks with King County to sign a long-term lease and build a new air cargo handling and flight control facility at King County International Airport-Boeing Field, involving investments worth more than $100 million, the Business Journal has learned.
If approved by the County Council and the Atlanta-based global shipping and logistics conglomerate, the agreement will include a new 20-year airport lease, plus three five-year options that together could extend the lease another 15 years, according to interviews and documents.
“It is a very significant investment that they’re talking about. They've briefed us and it's slightly north of $100 million in terms of the planned investments,” Boeing Field Director John Parrott told the Business Journal, confirming that talks are underway. UPS is "looking to establish themselves as a long-term tenant going into the future,” he said.
Courier giant United Parcel Service is in advanced talks with King County to sign a long-term lease and build a new air cargo handling and flight control facility at King County International Airport-Boeing Field, involving investments worth more than $100 million, the Business Journal has learned.
If approved by the County Council and the Atlanta-based global shipping and logistics conglomerate, the agreement will include a new 20-year airport lease, plus three five-year options that together could extend the lease another 15 years, according to interviews and documents.
“It is a very significant investment that they’re talking about. They've briefed us and it's slightly north of $100 million in terms of the planned investments,” Boeing Field Director John Parrott told the Business Journal, confirming that talks are underway. UPS is "looking to establish themselves as a long-term tenant going into the future,” he said.
