The primary mission of the Property Group is to maximize revenue to the Authority on its non-public transportation assets through effective property management while improving and preserving the physical and financial integrity of these Authority-owned buildings, grounds and facilities. The Property Group serves as the Authority-wide provider of real estate services; acting as the negotiating entity for real estate matters.
Currently the Business Center’s portfolio of real estate includes 480,000± square feet of industrial warehouse distribution and associated office space; 200+ acres of developed and undeveloped real estate. Encumbering these properties are 75+ leases of building space, ground rental, and occupancy/license agreements; 14+ miles of railroad rights of way containing in excess of 80 separate pipe, wire, and ground leases. In addition to the property management of these assets, the Business Center is responsible for establishing rental rates and tenant fees and the negotiation and preparation of real estate agreements in order to secure new tenants and provide for the renewal of existing contracts.