A partnership with expertise developing world-class logistics facilities with a focus on sustainability is proposing to build a modern, technology-enabled warehouse and distribution facility on the site of the longstanding Global Petroleum tank farm at 101 Lee Burbank Hwy. (Route 1A) in Revere. Trident Logistics Center will consist of two warehouses totaling 668,500 square feet on a 44-acre lot, immediately north of Irving Oil, between Route 1A and Suffolk Downs. The buildings will be supported by sophisticated, data-driven technologies that result in efficient operations while minimizing environmental impacts.
Link Logistics and Saracen Properties recently purchased the property from Global Partners LP, and they will replace the tank farm with a new tech-enabled warehouse. Global will continue to operate from a portion of the property. Plans currently call for removing the majority of the 29 tanks on the site. Approximately two-thirds of the tanks (19) will be removed at the start of site work, with the remaining 10 to be leased back to Global. The majority of the tanks will be removed by the time the warehouse facility opens.
Saracen Properties President Ted Saraceno said the partnership is excited to upgrade the high-profile property at the border of Revere and East Boston. “We are excited to have the opportunity to clean up the site and deliver what we believe to be the highest and best use for the property. Replacing the tank farm with a world-class logistics facility will provide hundreds of jobs to area residents and provide a meaningful increase in tax revenue for the City of Revere and its residents.” Saraceno said.
“The project is a ‘matter of right’ project,” according to prominent local Attorney Gerry D’Ambrosio, counsel for the project.
Link and Saracen have not selected a potential tenant yet, so details on the number of jobs to be created and specific products to be housed on-site have yet to be determined; however, the facility is expected to create several hundred permanent and temporary jobs.
The development team is starting the permitting process in the coming months. Assuming all approvals are achieved, the facility is projected to be fully completed and operational by early 2027.
Link Logistics’ Vice President of Development, Daniel Connaughton, said executing on complex environmental remediation and delivering industry-leading sustainable projects are characteristic of his company’s commitment to Environmental, Social and Governance (ESG). Link requires all of its new construction projects to be compliant with Leadership in Energy and Environmental Design (LEED) standards for further energy efficiency and carbon emissions reduction. Link recently received the 2022 Energy Star Partner of the Year award from the U.S. Environmental Protection Agency and the U.S. Department of Energy, the first company in the industrial real estate sector to receive such recognition.
Commenting on the transaction, Connaughton stated, “Link is focused on being a positive force for economic growth by helping businesses of all sizes find the space they need to grow through investing in job-creating facilities that spur local economies. Trident Logistics Center will be a modern, technology-enabled warehouse and distribution facility with a focus on responsible development, environmental resiliency and sustainability. This state-of-the-art logistics facility will provide hundreds of jobs to area residents as well as a significant increase in tax revenue for the City of Revere.”
The Global property on the west side of Route 1A is part of the purchase, including the docking facility, but there are no immediate plans for redevelopment, as this western portion of the property, where they will continue to operate for the foreseeable future, is being leased back to Global.
In addition to the removal of the tanks, construction will include other significant environmental improvements, including removal or encapsulation of contaminated soil, upgraded stormwater management systems, and new infrastructure to safeguard against climate change and rising sea levels.
Link and Saracen are working closely with the City of Revere and the Massachusetts Department of Transportation (MassDOT) and communicating with neighboring properties to measure and mitigage the project’s impact on traffic and improve the Route 1A streetscape.
The project will be reviewed by Revere’s Site Plan Review Committee, the Revere Conservation Commission and the Revere Fire Department as well as the Environmental Protection Agency, MassDOT and the Massachusetts Environmental Policy Act (MEPA) unit.