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Pease Development Authority highlights Tradeport economic claims; board approves lease, subleases and contracts
Summary
During its meeting the PDA touted Tradeport economic activity — jobs, wages and visitor impacts — and approved a lease amendment for 111 New Hampshire Ave, multiple sublease consents (including Georgia‑Pacific), several contracts and a license extension for Granite State Minerals.
Pease Development Authority staff summarized economic activity at the Tradeport and reported several board approvals for leases, subleases and contracts.
Staff said the PDA provides about $7.2 million annually to the city in lieu of taxes and municipal service fees and described the Tradeport as home to approximately 250 businesses supporting roughly 10,500 jobs; staff characterized $700 million in wages and $18 million in annual contributions to state taxes and meals/rental taxes as conservative estimates. Board members asked for sources and recommended producing an infographic or annual report to communicate those figures to surrounding municipalities.
On actions, the board approved a lease amendment for the premises at 111 New Hampshire Avenue to amend Article 9 (use of premises), per a memorandum of the executive director dated May 6, 2025. The board also consented to six subleases including a 10‑year, ~46,000 sq ft occupancy by Georgia‑Pacific at a new warehouse; other subleases noted included Jambro Corporation and Market Street Architects. Staff reported four contracts to be awarded: training with the American Association of Airport Executives ($8,800), Premier Fence (vinyl fence replacement), JLP Sailcoat ($6,623) for asphalt preventative maintenance, and an on‑call traffic consultant evaluation for $6,000.
Separately, Director Parker moved and the board approved Granite State Minerals Inc.'s request to retroactively exercise a one‑year option to extend its license and operating agreement for a portion of the Market Street terminal. The motion passed by voice vote.
