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Port approves 10-year lease and interim licenses with Bowers Intelligent Transportation at Pier 50
Summary
The Port Commission approved a negotiated 10-year lease and two interim licenses with Bowers Intelligent Transportation for sheds, yard and office space at Pier 50; terms include stepped rent, seven months rent abatement and up to $515,000 in rent credits for core-and-shell work.
The Port Commission approved a 10-year lease and two interim licenses with Bowers Intelligent Transportation to consolidate and expand the company's waterfront operations at Pier 50 and adjacent properties.
Jay Edwards, senior property manager in the Port—s real estate division, described negotiated lease terms that provide roughly 68,777 square feet of shed space, about…
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