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The Latest UPS Headlines
UPS, King County near deal for $100M Boeing Field cargo facility, long-term lease
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<blockquote data-quote="cheryl" data-source="post: 4799472" data-attributes="member: 1"><p><a href="https://www.bizjournals.com/seattle/news/2021/03/10/ups-air-cargo-boeing-field-long-term-lease-deal.html" target="_blank"><strong>UPS, King County near deal for $100M Boeing Field cargo facility, long-term lease - Puget Sound Business Journal</strong></a></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>“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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4799472, member: 1"] [URL='https://www.bizjournals.com/seattle/news/2021/03/10/ups-air-cargo-boeing-field-long-term-lease-deal.html'][B]UPS, King County near deal for $100M Boeing Field cargo facility, long-term lease - Puget Sound Business Journal[/B][/URL] 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. [/QUOTE]
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UPS, King County near deal for $100M Boeing Field cargo facility, long-term lease
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