What MarketPlace Development does

MarketPlace Development, Inc. is a Boston-headquartered, privately held airport concessions developer and manager that has operated since 1992 as an affiliate of New England Development. The company holds direct concession management contracts with airport authorities — currently the Massachusetts Port Authority at Boston Logan International Airport (since 2017) and the City of Philadelphia at Philadelphia International Airport (since 1995) — and previously held contracts at Reagan National and Washington Dulles from 2013 to 2023. Across its two active programs, MarketPlace oversees approximately 500,000+ square feet of terminal retail and food & beverage space and more than 300 F&B and retail tenants, generating over $500M in combined 2023 program sales.

MarketPlace's core product is an end-to-end Airport Concessions Management Program covering tenant sourcing and leasing, merchandising, design and construction oversight, ACDBE compliance, marketing, and operations management. The technology stack is light and partnership-driven rather than proprietary: the company licenses the Servy enterprise platform to power PHL Order Now (mobile ordering across 24+ restaurants) and AtYourGate to power Grab@PHL (gate delivery). Digital sub-brands include FlyThru PHL (passenger information portal), Founded in Philly (a 15-brand local-curation program), and BOS2GO (Boston marketing program). The company holds no patents, no disclosed AI/ML capabilities, and no proprietary software assets.

MarketPlace's revenue is generated by management fees on the gross sales of its tenant operators across its managed airport real estate, with a multi-year contract base renewed through public RFP processes. The company monetizes through a combination of base management fees and incentive structures, with ancillary revenue from digital platforms, marketing services, and tenant co-marketing. Operations are run through wholly-owned subsidiaries (MarketPlace Logan LLC, MarketPlace PHL LLC) and a JV with ACDBE-certified partner LeJeune and Associates at Philadelphia. Customer concentration is high, with two airport-authority clients currently driving all revenue, and the loss of the MWAA contracts in 2023 is the most significant recent development.

Name

MarketPlace Development

Legal name

MarketPlace Development, Inc.

Website

https://marketplacedevelopment.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

MarketPlace Development is a Boston-based, privately held airport concessions developer and manager that operates food, beverage, and retail programs under direct contracts with U.S. airport authorities — currently Boston Logan and Philadelphia International — managing 300+ tenants across 500,000+ square feet and $500M+ in annual program sales.

Ownership category

akta.pro rank

Product category

Airport Concessions Management

NAICS

Food and Beverage Retailers (445), General Merchandise Retailers (455)

SIC

Airports, Flying Fields & Airport Terminal Services (4581), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Airport Food & Beverage Concessions (THABALAD)

akta.pro secondary industry

Airport Retail (Duty-Free & Specialty) (THABALAC)

Keywords

• Airport concessions management
• Airport retail development
• Food and beverage programs
• Airport tenant leasing
• Concession program management

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Concession Management Fees: MarketPlace Development generates revenue through concession management contracts with airport authorities, overseeing retail, food & beverage operations across terminal spaces.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

MarketPlace Development develops and manages airport retail, food & beverage, and services concession programs for public airport authorities under long-term management contracts. The company handles tenant recruitment and leasing, merchandising, design and construction oversight, marketing, and ongoing program operations across terminal spaces, while also offering technology-enabled sub-products such as mobile ordering and gate delivery services for passengers.

Product overview

MarketPlace Development operates as a unified airport retail development and concessions management platform, offering comprehensive services across four major airport programs (Boston Logan, Philadelphia International, Ronald Reagan Washington National, and Washington Dulles). The core product is their Airport Concessions Management Program, which provides end-to-end oversight of food & beverage, retail, and services operations including merchandising, leasing, design, construction, and sustainability. Supporting the core program are technology-enabled sub-brands: PHL Order Now (mobile ordering platform powered by Servy), FlyThru PHL (passenger information portal), Grab@PHL (meal delivery via AtYourGate), Founded in Philly (local brand showcase initiative), and BOS2GO (Boston marketing program). Together these products manage 300+ Food & Beverage locations and 170+ Retail locations across approximately 640k+ square feet of airport retail space.

Differentiator

Problem solved

Functional benefit

Products and services

• Airport Concessions Management Program End-to-end airport retail, food & beverage, and services concession development and management service for public airport authorities, covering tenant leasing, merchandising, design and construction oversight, marketing, and ongoing program operations.
• Boston Logan International Airport Concessions Program Concessions management program at Boston Logan International Airport managing 70+ food & beverage and 80+ retail locations across four terminals, covering 260k+ sq ft with 150+ tenants and approximately $300M in 2023 sales.
• Philadelphia International Airport Concessions Program (PHL Food & Shops) Concessions management program at Philadelphia International Airport managing 150+ food, beverage and retail locations across 240k+ sq ft with $210M in sales, operated in partnership with LeJeune and Associates.
• Ronald Reagan Washington National Airport Concessions Program Concessions management program at Ronald Reagan Washington National Airport managing 90+ food & retail locations with $165M in sales during tenure from 2013-2023.
• Washington Dulles International Airport Concessions Program Concessions management program at Washington Dulles International Airport managing 90+ food & retail locations across 140k+ sq ft with $145M in sales during tenure from 2013-2023.
• PHL Order Now Mobile ordering platform at Philadelphia International Airport enabling passengers to browse menus, place orders and pay directly from their phones, powered by Servy with terminal-based restaurant discovery and multi-concept cart ordering.
• Grab@PHL Integrated meal delivery service at Philadelphia International Airport powered by AtYourGate, enabling passengers to order food from airport restaurants for delivery to their gate or location within the terminal.
• FlyThru PHL Passenger-facing digital platform and website for Philadelphia International Airport concessions, providing information about dining and retail options, menus, and airport dining guides.
• Founded in Philly Initiative at Philadelphia International Airport celebrating Philadelphia's local shops, restaurants and products by establishing them via the airport supply chain; currently encompasses 15 city-native brands operating across 23 locations at PHL.

Quantifiable outcome

• 2023 all active program sales exceeded $500 Million
• +3 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• ServycoreTechnology or Integration · 1 December 2025Enterprise self-service platform provider powering PHL Order Now mobile ordering platform at Philadelphia International Airport. Platform enables contactless ordering and pickup across 24+ participating restaurants.
• The Grove Inc. (TGI)coreStrategic or Co-development Partner · 1 October 2025Non-traditional food and beverage operator bringing PrimoHoagies to PHL in partnership with ACDBE partner M2 Concepts, LLC. TGI operates in 11 airports and two railway stations with portfolio including grab & go, QSR, casual dining, and full-service offerings.
• M2 Concepts, LLCcoreStrategic or Co-development Partner · 1 October 2025ACDBE partner collaborating with The Grove Inc. for PrimoHoagies at PHL Terminal A-East.
• Airport Dining (Hakan Ilhan)minorStrategic or Co-development Partner · 1 October 2025Veteran restaurateur operator for Insomnia Cookies at PHL Terminal C. Also operates Bud & Marilyn's, Good Luck Restaurant & Bar, and Sabrina's Cafe at PHL.
• Jackmont HospitalitycoreStrategic or Co-development Partner · 1 September 2025Foodservice management company partnering with MarketPlace PHL for Middle Child standalone location at PHL Terminal D. Led by Daniel Halpern, CEO and Managing Member.
• High Places Concessions (Brenda Branch)coreStrategic or Co-development Partner · 1 September 2025ACDBE partner (Airport Concessions Disadvantaged Business Enterprise) managing member at High Places Concessions. Partners with Jackmont Hospitality for Middle Child and Federal Donuts & Chicken at PHL.
• Massachusetts Port Authority (Massport)coreChannel Partner/ Reseller/ Distributor · 1 January 2013Airport authority partner for Boston Logan International Airport concessions program. Collaborated with MarketPlace over 6 years to redevelop all aspects of the concessions program to reflect Boston metro area quality brands and achieve higher local and ACDBE participation.
• Metropolitan Washington Airports Authority (MWAA)coreChannel Partner/ Reseller/ Distributor · 1 January 2013Airport authority partner for Ronald Reagan Washington National Airport and Washington Dulles International Airport from 2013-2023. MarketPlace collaborated with MWAA to transform main terminal buildings and support on-time, on-budget Terminal E opening.
• LeJeune and Associates (LeJeune & Associates)coreStrategic or Co-development Partner · 1 January 1998Local operating partner at Philadelphia International Airport since 1998. Founded by Clarence LeJeune in 2013 as airport concessions operator. ACDBE-certified company that provides management and operations support to all MarketPlace airport programs. Clarence LeJeune oversees the MarketPlace Concessions Program at PHL.
• New England DevelopmentcoreStrategic or Co-development Partner · 1 January 1992Parent/partner company based in Boston. MarketPlace is an affiliate of New England Development and has worked with them over the past 30+ years developing and managing world-class retail programs. New England Development handles off-airport retail portfolio that informs tenant concepts.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/marketplacedevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MarketPlace Development