Monday, November 20, 2017
Mayor Domenic J. Sarno, Congressman Richard E. Neal , Chief Development Officer Kevin Kennedy, and Armando Feliciano, Chairman of the Springfield Redevelopment Authority, were at Union Station this morning with Peter Picknelly, President of Peter Pan Bus Lines, this morning to announce that Peter Pan has finalized their lease to move their executive offices to Union Station.
Mayor Sarno stated, “This is a key tenant announcement that will spur even more movement into our Union Station. To Peter Picknelly and Peter Pan, their continued belief and investment in their hometown is unquestioned and deeply appreciated.”
“Thank you to Peter Picknelly for continuing to demonstrate his faith in the City of Springfield,” said Congressman Richard E. Neal. “This is another great announcement for both the intermodal transportation center and the City as a whole. I am happy to welcome Peter Pan to Springfield Union Station.”
"Peter Pan is pleased to be an integral part of Union Station and we look forward to making it our new home,” said Peter Picknelly. Peter Pan’s approximately 100 employees will occupy the entire third floor of Union Station, bringing total occupancy of the facility to 65%. Peter Pan buses have been operating from Union Station since early September of this year, while offices have remained at their original headquarters at 1776 Main Street.
“The SRA is thrilled to have Peter Pan Bus Company as the lead office tenant at Union Station. Peter Pan Bus Company not only has Springfield roots but gives so much back to the city and the residents of this area. Welcome Home,” said Armando Feliciano, Chairman of the Springfield Redevelopment Authority.
Kevin Kennedy said, “Congratulations and welcome to Peter Picknelly and his entire team at Peter Pan Bus Lines. We are pleased that Union Station will be their corporate home. We now have leased 65% of the available square footage in the four months that Union Station has been open.”
The lease agreement has a potential for 20 years with a five year initial term with options. The lease is valued at $1,600,000 for the initial term. The SRA along with Union Station’s management company Appleton will continue to work with other interested tenants for the remaining office and retail space in the building.