Pease International

What Pease International does

Pease Development Authority (PDA) is a quasi-governmental state authority of New Hampshire, established in 1991 to redevelop the former Pease Air Force Base following its 1989 closure by the U.S. Department of Defense. Operating under the governance of a Board of Directors appointed by the Governor, Senate President, Speaker of the House, and local municipalities, PDA is not a privately-held or publicly-traded company; it is a state economic development entity that manages an integrated portfolio of infrastructure assets spanning aviation, maritime, commercial real estate, and recreation.

The Authority's operations encompass five core business lines: Portsmouth International Airport at Pease (a joint-use commercial and military airport, code PSM); NH Division of Ports & Harbors (managing Rye Harbor, Hampton Harbor, and the Portsmouth Fish Pier); Skyhaven Airport in Rochester (New Hampshire's general aviation airport); Pease Golf Course (a 27-hole facility with Grill 28 dining); and Pease International Tradeport, a 3,000-acre business and industrial park. The Tradeport comprises over 4 million square feet of office and industrial space housing 250+ companies that collectively employ more than 10,000 people, including anchor tenants Lonza Biologics, Georgia Pacific, Sig Sauer, HCA Healthcare, Service Credit Union, and US government agencies (Customs and Border Protection, National Passport Center). The site carries Foreign-Trade Zone designation with on-site Federal Inspection Service capabilities, multimodal access via I-95, air cargo, and the Port of New Hampshire, and benefits from New Hampshire's tax environment.

Revenue is generated through commercial property leasing, airport operations (parking, terminal fees, hangar rentals), port and harbor fees (mooring permits, facility rentals), golf course operations, and federal grants (notably FAA funding for airport improvements). Pricing is negotiated individually rather than publicly disclosed. Distribution occurs through direct leasing, partnerships with commercial real estate brokers (The Boulos Company, Two International Group, Cushman & Wakefield, Paul McInnis Inc.), and direct airline partnerships (Breeze Airways, Allegiant Airlines). Marketing is conducted via the peasedev.org website, email newsletters, Facebook and LinkedIn presence, and public board meetings.

Name

Pease International

Legal name

Pease Development Authority

Website

https://peasedev.org

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

Pease Development Authority is a New Hampshire quasi-governmental state entity, established in 1991, that redeveloped the former Pease Air Force Base and operates Portsmouth International Airport, NH Division of Ports & Harbors, Skyhaven Airport, Pease Golf Course, and the 3,000-acre Pease International Tradeport business park housing 250+ companies and 10,000+ employees.

Ownership category

akta.pro rank

Product category

Airport Operations & Commercial Real Estate

NAICS

Port and Harbor Operations (48831), Golf Courses and Country Clubs (713910), Inland Water Freight Transportation (483211)

SIC

Water Transportation (4400), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Inland Container Depots (ICD) / Inland Ports (TLALAJAB)

akta.pro secondary industry

Off-Dock Container Yards (Near-Port Overflow Yards) (TLALAJAK)

Keywords

• Commercial real estate leasing
• Airport operations services
• Foreign-trade zone
• Port and harbor management
• Aviation services

Headquarters

HQ city

Portsmouth

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Others

Distribution channels4 records

Marketing channels7 records

Core offering

Pease International (operated by the Pease Development Authority) manages a multi-facility economic development hub in Portsmouth, New Hampshire, including a joint-use commercial/military airport, a general aviation airport, state port and harbor facilities, a 27-hole golf course, and a 3,000-acre commercial/industrial tradeport. It sells commercial property leases, airport and harbor services, aviation facilities, recreational amenities, and development/stewardship services to businesses, airlines, government agencies, and the public.

Product overview

Pease Development Authority operates as a multi-entity development organization managing Portsmouth International Airport at Pease (commercial and military joint-use airport), NH Division of Ports & Harbors (waterway management), Skyhaven Airport (general aviation), Pease Golf Course (27-hole facility), and Pease International Tradeport (3,000-acre business/industrial park). The organization provides commercial property leasing, development and land use services, and stewardship of environmental programs. The portfolio functions as an integrated economic hub offering aviation, maritime, recreational, and commercial real estate services.

Differentiator

Problem solved

Functional benefit

Brands

• Portsmouth International Airport at Pease: Commercial and military joint-use airport operating under code PSM
• NH Division of Ports & Harbors
• Skyhaven Airport
• Pease Golf

Products and services

• Portsmouth International Airport at Pease (PSM)
• Skyhaven Airport
• NH Division of Ports & Harbors
• Pease Golf Course
• Commercial Property Leasing at Pease International Tradeport
• Development & Land Use Services
• Stewardship & Environmental Services

Quantifiable outcome

• Tax savings of approximately 46-48% compared to standard property taxes for properties in Municipal Services Fee District
• +1 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, minor and major.

• United States Air ForcecoreStrategic or Co-development Partner · 1 January 1991Joint use agreement established in 1991 allowing civilian use of Pease airfield through an Airfield Joint Use Agreement (AJUA) with the United States Air Force. This partnership enabled the transformation of the former Pease Air Force Base into a dual-use commercial and military aviation facility.
• Federal Aviation Administration (FAA)coreStrategic or Co-development PartnerFAA provides federal grant funding for airport improvements including the current $7M grant for phase two of the terminal expansion project. The FAA also governs airport operations through regulatory oversight including Part 150 noise programs.
• NH Air National GuardcoreStrategic or Co-development PartnerJoint-use airport arrangement with NH Air National Guard hosting military operations alongside commercial aviation. Pease serves as a strategic military location supporting joint exercises and global security missions.
• Tighe & BondminorImplementation/ SI/ Consulting PartnerEngineering and environmental consulting firm engaged for the Rye Harbor Study, including facility assessments and improvement recommendations. Selected through RFQ/P process for engineering services.
• Two International GroupmajorChannel Partner/ Reseller/ DistributorCommercial real estate broker and developer at Pease Tradeport managing multiple properties including 2 International Drive, 222 International Drive, One New Hampshire Avenue, 75 New Hampshire Avenue, and 15 Rye Street. Long-term development partner since early Pease development.
• The Boulos CompanymajorChannel Partner/ Reseller/ DistributorCommercial real estate brokerage representing multiple Pease Tradeport properties including 100 New Hampshire Avenue, 125 Aviation Avenue, and others for lease and sale.
• Cushman & WakefieldminorChannel Partner/ Reseller/ DistributorCommercial real estate firm representing 35 Corporate Drive, a purpose-built beverage facility opportunity at Pease Tradeport.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Stewart International Airport (SWF): Former military airfield (West Point Stewart Army Airfield) redeveloped into a civilian commercial/cargo airport in New York's Hudson Valley. Highly comparable redevelopment story and joint-use heritage, though serving a different geography (NY metro/NJ) than Pease.
• Maine Port Authority: State authority managing commercial ports in Portland, Searsport, and Eastport. Directly comparable structural peer as a New England state port authority operating marine terminals and waterfront facilities, similar in scope to PDA's NH Division of Ports & Harbors.
• Bangor International Airport (BGR): Former Dow Air Force Base in Maine converted to civilian international airport with cargo and commercial service. Comparable New England ex-military base conversion serving regional passenger and cargo demand.
• Plattsburgh International Airport (PBG): Former Plattsburgh Air Force Base in upstate New York redeveloped into a regional commercial/cargo airport. Comparable ex-military base redevelopment serving a smaller regional market with cargo focus.
• Rickenbacker International Airport (LCK): Former Rickenbacker Air Force Base in Columbus, OH now operated as a dedicated cargo and logistics airport with FTZ designation. Comparable as ex-military airfield redeveloped into multimodal logistics hub serving e-commerce and air cargo customers.

Others

• JLL (Jones Lang LaSalle) Industrial Brokerage: Major global commercial real estate firm with industrial/logistics brokerage practice competing with Cushman & Wakefield and The Boulos Company for Pease Tradeport listings. Ecosystem/peer broker rather than operator peer.
• Cushman & Wakefield (Global Industrial & Logistics): Global commercial real estate firm already partnered with PDA as a broker for Pease Tradeport properties. Comparable as an industrial/logistics real estate intermediary and an ecosystem partner rather than direct competitor.

Broad incumbents

• Port Authority of New York and New Jersey: Larger state-created bi-state authority operating major airports (JFK, Newark, LaGuardia), seaports, and real estate. Comparable as a multi-modal port/aviation/real estate authority structure, though at vastly larger scale and serving a global gateway market versus PDA's regional tradeport.
• Massachusetts Port Authority (Massport): State authority operating Logan International Airport, Worcester Regional Airport, Hanscom Field, and Port of Boston marine terminals plus real estate. Most direct regional structural peer — multi-modal state authority managing aviation, port, and commercial real estate in New England.

Direct peers

• Manchester-Boston Regional Airport: New Hampshire's other commercial service airport located ~30 miles from Pease, operated by the City of Manchester. Competes for passenger airline service and cargo in the same NH/SoNH catchment; both airports serve overlapping leisure and business travelers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100087094128945
• LinkedInlinkedin.com/company/pease-development-authority

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 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 Pease International