Request for Proposal for Worcester Regional Airport Building 5

The Massachusetts Port Authority is seeking proposals to lease, redevelop, and operate Building 5 – a 43,515 sq ft air‑side cargo/warehouse structure at Worcester Regional Airport. The selected proposer may either (1) lease and renovate the existing facility for cargo and related services, or (2) demolish and construct a new aviation‑compatible development, committing to a minimum capital investment and a long‑term ground‑lease. The procurement is administered through the Bid Express portal and requires compliance with FAA, TSA, environmental, and LEED‑Gold sustainability standards. • Two alternative options: lease‑renovate‑operate (Option 1) or full‑redevelop (Option 2). • Mandatory submission of a detailed financial package (Form J) covering rent, fees, capital‑investment schedule, and a 20‑year pro‑forma. • Requirements include FAA‑approved design, environmental permits, insurance, performance bonds, and a 1 % transaction‑rent on any future sale, assignment, or refinance. • Site‑tour scheduled for June 5, 2026; questions due June 12, 2026; final proposal due June 29, 2026.