Real Estate Department’s Mission
The Real Estate department manages the utilization, marketing, leasing and disposition of BPDA assets. These physical assets include such high profile properties as the Charlestown Navy Yard, the Raymond L. Flynn Marine Park in South Boston, Long Wharf along the Downtown Waterfront, and various sites throughout the City. The department strives to identify key development opportunities, to manage locations of economic activity and growth, and to maximize the value of the BPDA’s real estate assets for the people of Boston. Revenue generated through those assets also provides funding for the agency’s operations and planning activities.
Role at the Agency
The department represents the BPDA within the Greater Boston real estate and development community. Real Estate staff manage design, engineering, construction, and tenant relationships associated with all property assets owned by the BPDA. This work includes actively marketing and negotiating opportunities with private and public entities for the redevelopment, re-use, and leasing of these properties. Working closely with the BPDA’s Planning, Management Information Services, Legal, and Administration and Finance divisions, the Real Estate department strives to operate with the utmost transparency and accountability. The department regularly collaborates with other city and state entities, such as the City of Boston’s Department of Neighborhood Development and Massport, on shared goals and initiatives.
The Real Estate department is comprised of five divisions: Property/Asset Management, Engineering and Facilities Management, Commercial and Industrial Leasing, Capital Construction, and Operations. Staff members work out of EDIC facilities in the Raymond L. Flynn Marine Park at 22 Drydock Avenue and 12 Channel Street.
For more information, please contact Edward O’Donnell, Director of Real Estate, by email or by telephone at 617.918.6225.