JFK Cargo Warehouse 2 Development Lease IFO

The Port Authority of New York and New Jersey is seeking qualified firms through solicitation IFO-JFK26001 to enter into a ground lease agreement for the development, financing, operation, and maintenance of a world-class air cargo facility, known as Warehouse 2, located in the North Cargo Area of John F. Kennedy International Airport. The lease term is set to begin upon the execution of the agreement and will expire on December 31, 2060. The selected respondent will be responsible for all aspects of the project, including design, site preparation, infrastructure, and utility extension, ensuring compliance with the Requirements and Provisions for Work for the North Cargo Area. A critical requirement of the contract is a minimum investment of 70 million dollars by the construction completion date, with a cap on soft costs at 15 percent of that amount. Any shortfall in this investment will be treated as additional rent payable to the Port Authority. Proposals must be submitted electronically by December 4, 2026, and must include a Statement of Qualifications featuring a preliminary development concept, a project management plan, and a subleasing strategy. The Port Authority will award the lease to the respondent whose offer is deemed most advantageous in its sole discretion.