NEWTON, Mass.--(BUSINESS WIRE)--MarketPlace Development, a real estate firm that specializes in airport retail projects, announced it has signed a contract with the Metropolitan Washington Airports Authority (MWAA). MarketPlace will serve as the overall retail and concessions management company for both Ronald Reagan Washington National (DCA) and Washington Dulles International (IAD) airports.
“MarketPlace Development has the unique experience to take our concession programs to the next level, giving passengers additional shopping and dining options as they travel through both airports”
MarketPlace’s ongoing airport retail development projects include the 178,000-square-foot retail development at Philadelphia International Airport and the 59,000-square-foot retail redevelopment of the Central Terminal Building at LaGuardia Airport. The company has also worked with other airports around the country, including San Francisco International Airport, Seattle-Tacoma International Airport, Chicago O’Hare International Airport and Detroit Metropolitan Airport.
“MarketPlace Development has the unique experience to take our concession programs to the next level, giving passengers additional shopping and dining options as they travel through both airports,” said Kathleen Verret, manager, revenue development, MWAA.
In Washington, MarketPlace will be responsible for the marketing, leasing and management of the retail and food and beverage programs at both airports. DCA has 66,000 square feet of retail space and 93 concessions locations; IAD has 90,000 square feet of retail space and 114 concessions locations. MarketPlace will work with MWAA to improve and revitalize the offerings by bringing new national, regional and local brands to both airports.
“We’re looking forward to collaborating with MWAA’s team to develop world-class food, beverage, retail and concession services for both airports,” said Paul McGinn, president of MarketPlace Development.
The official contract between MarketPlace and MWAA began January 1, 2013.
ABOUT METROPOLITAN WASHINGTON AIRPORTS AUTHORITY
The Metropolitan Washington Airports Authority was established in 1987 by the governments of Virginia and the District of Columbia to manage and operate Washington’s Ronald Reagan National and Dulles International airports, which together serve more than 40 million passengers a year. For more information, visit www.mwaa.com.
ABOUT MARKETPLACE DEVELOPMENT
MarketPlace Development is a dynamic real estate development firm that specializes in the planning, development and management of retail development projects at airports across the country. Founded in 1992 and headquartered in Newton, Massachusetts, MarketPlace is a multidisciplinary firm with expertise in every facet of the business. MarketPlace has developed some of the most successful projects in the industry, with both Philadelphia International Airport and the Central Terminal at LaGuardia Airport having been honored with the highest accolade in the airport retail industry – the Richard A. Griesbach Award of Excellence in Airport Concessions. For more information, visit www.marketplacedevelopment.com.