Boston Freight Terminals has been a tenant of Economic Development Industrial Corp., a subsidiary of the BRA which owns the industrial park, for approximately 11 years. The proposal from Boston Freight involves 6 Harbor St., where Boston Freight currently leases both floors of the two story building. Boston Freight only occupies the first floor and the Toys for Tots program occupies a small portion of the second floor. The balance of the second floor is vacant and not useable as the building is in need of significant capital improvements.

Six Drydock Ave. is a multi-tenanted building under the control of EDIC. British Airways is the largest tenant occupying more than two-thirds of the building and the balance is divided into four office suites. Three of the office suites are vacant, and one is occupied by BOC International Inc. Ten Drydock Ave. is a multi-tenanted building also under the control of EDIC. The building's tenants include: First Trade Union Bank, theCarpenter's Union and EDIC BMIP Administrative offices. The building was renovated by EDIC in 1980.

The project involves building the cargo transportation facility in two phases. The first phase is the demolition of the two Drydock Avenue buildings and constructing a 170,000 sf mixed-use cargo center. The second phase involves the demolition of 6 Harbor St. and the construction of a 135,000 sf space for additional mixed-use cargo center capacity.

The International Cargo Center will sign a 35-year lease with EDIC with three 10-year options. The Cargo Center will also pay EDIC 50% of net profits from the real estate operations throughout the lease term. According to BRA officials, only about 40 acres of the 190-acre Industrial Park remains undeveloped. Shumaker says that Massport has recently issued a request for proposals to develop 30 of those acres.

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