The New Terminal One Partners with JLL to Deliver World-Class Facility Operations at JFK Airport

Rhea-AI Summary

JLL (JLL) was selected to provide comprehensive facility maintenance and operations for The New Terminal One at JFK, a 2.6 million-square-foot all-international terminal scheduled to open in 2026.

Scope includes HVAC, plumbing, electrical, fire life safety, ORAT and start-up support beginning early 2026, plus management of building management, power monitoring, switchgear and charging stations for an all-electric ground support equipment fleet. The terminal is part of a $19 billion JFK transformation and will host multiple global airlines.

Positive

• 2.6M sq ft terminal maintenance contract
• ORAT/start-up support beginning early 2026
• Management of building management and power monitoring systems
• Support for all-electric ground support equipment charging infrastructure
• Part of a $19B JFK transformation

Negative

• None.

News Market Reaction

+1.65%

1 alert

+1.65% News Effect

On the day this news was published, JLL gained 1.65%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Terminal size: 2.6 million-square-foot JFK transformation budget: $19 billion New terminals: 2 terminals +2 more

5 metrics

Terminal size 2.6 million-square-foot New Terminal One facility at JFK Airport

JFK transformation budget $19 billion Port Authority program including New Terminal One and other upgrades

New terminals 2 terminals Count of new terminals in JFK transformation program

Modernized terminals 2 existing terminals Existing JFK terminals slated for modernization and expansion

Opening year 2026 Scheduled opening of The New Terminal One at JFK

Market Reality Check

Price: $357.91 Vol: Volume 368,967 is 1.15x t...

normal vol

$357.91 Last Close

Volume Volume 368,967 is 1.15x the 20-day average of 321,313 ahead of this partnership news. normal

Technical Price 337.64 is trading above the 200-day MA of 269.72, reflecting a pre-existing uptrend.

Peers on Argus

Peers showed mixed moves: CBRE +1.71%, FSV +1.39%, while BEKE -0.28% and CSGP -0...

Peers showed mixed moves: CBRE +1.71%, FSV +1.39%, while BEKE -0.28% and CSGP -0.43%, indicating today’s positive move in JLL (+1.91%) appears more company-specific than sector-driven.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Leadership change	Positive	+1.6%	Global leadership transition at LaSalle emphasizing internal succession and continuity.
Dec 03	Partnership win	Positive	+1.6%	JLL selected to manage operations for JFK’s New Terminal One project.
Dec 01	Executive appointment	Positive	-0.6%	Appointment of new CFO for Leasing Advisory and Head of Corporate Development.
Nov 25	Market outlook	Positive	+3.9%	Report of improving global bidding activity across private real estate markets.
Nov 17	Industry recognition	Positive	-3.4%	Frost & Sullivan awards recognizing JLL’s facility management leadership in APAC.

Pattern Detected

Recent news often led to positive price reactions on growth- and market-activity updates, while some executive or recognition headlines saw negative divergence.

Recent Company History

Over the last month, JLL reported stronger Q3 2025 results and multiple strategic updates. Leadership transitions at LaSalle and a new CFO for Leasing Advisory highlighted management evolution. Market commentary showed improving global bidding activity, while industry awards underscored facility management capabilities. The New Terminal One partnership, part of a $19 billion JFK transformation and a 2.6 million-square-foot terminal, fits the pattern of JLL securing large, complex real estate and infrastructure mandates.

Market Pulse Summary

This announcement ties JLL’s aviation and facilities expertise to The New Terminal One at JFK, a 2.6...

Analysis

This announcement ties JLL’s aviation and facilities expertise to The New Terminal One at JFK, a 2.6 million-square-foot all-international terminal within a broader $19 billion airport transformation. It underscores JLL’s role in complex, technology-heavy and sustainable infrastructure operations. Investors may track how such large mandates complement recent earnings strength, monitor insider trading activity trends, and watch for additional contract wins or execution updates across its aviation and facility management portfolio.

Key Terms

hvac, fire life safety, operational readiness and transition (orat), switchgear, +1 more

5 terms

hvac technical

"responsible for maintaining HVAC, plumbing, electrical, fire life safety"

HVAC stands for heating, ventilation and air conditioning — the systems that control temperature, airflow and indoor air quality in buildings. Investors care because HVAC drives operating costs, energy use, tenant comfort and regulatory compliance; like the engine and insulation of a building, efficient modern systems can lower bills, reduce repair and replacement spending, and preserve property value, while outdated units can create unexpected expenses and vacancy risk.

fire life safety technical

"HVAC, plumbing, electrical, fire life safety, and other essential technical services"

Fire life safety is the set of systems, building features and rules designed to prevent fires, protect people and enable safe evacuation—things like alarms, sprinklers, emergency lighting, safe exits and regular inspections. Investors care because these measures affect a property’s legal compliance, insurance costs, ongoing maintenance expenses and the likelihood of business disruption or liability; in other words, fire life safety is the building’s safety net that helps protect value and reduce risk.

operational readiness and transition (orat) technical

"The scope of work also includes operational readiness and transition (ORAT)"

Operational readiness and transition (ORAT) is the planning and testing process that ensures a new facility, system, or major change can operate smoothly before going live, covering people, processes, equipment and technology. For investors, ORAT matters because it reduces the risk of costly delays, service disruptions or hidden expenses when a company launches a project—think of it as a dress rehearsal that shows whether everything actually works together and is ready for real-world use.

switchgear technical

"power monitoring systems and switchgear that power and monitor the charging stations"

Switchgear is the collection of devices—like switches, circuit breakers and fuses—that control, protect and isolate electrical equipment to keep power flowing safely and reliably. Think of it as the traffic control system for electricity that prevents overloads and faults from causing outages or damage. Investors care because switchgear is essential infrastructure that affects utility reliability, capital spending cycles, regulatory fines and maintenance costs, and it can drive demand for manufacturers and service providers.

ground support equipment technical

"charging stations for the terminal's all-electric ground support equipment fleet"

Ground support equipment (GSE) is the collection of vehicles, machines and tools used to service aircraft and spacecraft while they are on the ground — for example tugs, fuel trucks, power units, stairs, baggage loaders and air conditioning carts. Investors care because GSE is essential for safe, on-time operations and affects operating costs, capital spending and asset utilization; like a company’s toolbox and charging stations, it keeps flights running and revenue flowing.

AI-generated analysis. Not financial advice.

Specialized aviation group to oversee maintenance for 2.6 million-square-foot terminal featuring leading-edge technology and sustainable design

JAMAICA, N.Y., Dec. 3, 2025 /PRNewswire/ -- The New Terminal One at JFK International Airport has selected JLL, a global leader in real estate and facility management, to deliver comprehensive facility maintenance services for the world-class all-international terminal, scheduled to open in 2026.

The New Terminal One is a key component of the Port Authority of New York and New Jersey's $19 billion transformation of JFK Airport into a world-class gateway, which will include two new terminals, the modernization and expansion of two existing terminals, a new ground transportation center, and an entirely new, simplified roadway network.

JLL's specialized Aviation group will be responsible for maintaining HVAC, plumbing, electrical, fire life safety, and other essential technical services at the new terminal. The scope of work also includes operational readiness and transition (ORAT) and start-up support beginning early next year, ensuring smooth activation and ongoing terminal efficiency. Additionally, JLL will manage and operate the facility's highly sophisticated building management and electric power monitoring systems and switchgear that power and monitor the charging stations for the terminal's all-electric ground support equipment fleet. 

"Partnering with JLL allows us to harness their best-in-class expertise to manage and maintain the critical infrastructure that powers this next-generation terminal," said Marisa Von Wieding, Vice President of Operations, New Terminal One. "Together, we are setting new standards for operational excellence, technological integration, and sustainability—not just for New York, but for global aviation. Our commitment is to ensure that every touchpoint, from curb to gate, reflects our vision for an efficient, exceptional, and welcoming experience."

"The New Terminal One project represents state-of-the-art airport infrastructure and design, and we're honored that New Terminal One selected JLL to manage the sophisticated systems that will power this world-class facility," JLL Aviation Managing Director Koley MacKay said. "Our specialized aviation expertise positions us uniquely to support New Terminal One's vision – from managing cutting-edge sustainable systems to ensuring seamless integration of complex building technologies. This collaboration reflects New Terminal One's commitment to partnering with industry leaders whose expertise and best-in-class capabilities help ensure an exceptional passenger experience and the longevity of the facility."

JLL's Industrials division is the premier provider of strategic real estate advisory for aviation authorities, airlines, cargo operators and airport-related enterprises. Its specialized aviation team covers the entire real estate lifecycle from strategic portfolio planning, public-private partnerships and facilities management to transaction services, project management and operational optimization.

The New Terminal One, set to open in 2026, will be home to leading airlines including Air France, KLM, Etihad, LOT Polish Airlines, Korean Air, EVA Air, Air Serbia, SAS, Neos, Philippine Airlines, Turkish Airlines, Air New Zealand, Royal Air Maroc, Air China, China Airlines, Gulf Air, Qatar Airways, EGYPTAIR, and China Eastern Airlines.

About The New Terminal One

The New Terminal One at John F. Kennedy International Airport is a bold and exciting project to develop a best-in-class international terminal that will serve as an anchor terminal in the Port Authority's $19 billion transformation of JFK into a global gateway to the New York metropolitan area and the United States. The New Terminal One will set a new standard for design and service, aspiring to obtain a top 5-star Skytrax rating.

The New Terminal One is being built on sites now occupied by Terminal 1 and the former Terminal 2 and Terminal 3, where it will anchor JFK's south side. Construction is taking place in phases with full completion in 2030. The first phase, including the new arrivals and departures halls and first set of 14 new gates, is expected to open in 2026. At completion in 2030, the New Terminal One, with a total of 23 gates, will be 2.6 million square feet, making it the largest terminal at JFK and nearly the same size as LaGuardia Airport's two new terminals combined.

The New Terminal One consortium of labor, operating, and financial partners is led by Ferrovial, JLC Infrastructure, Ullico, and Carlyle. The New Terminal One is being built by union labor and is committed to local inclusion and labor participation, focusing on diversity and capacity-building opportunities, including a commitment to target participation goals of 20% for minority-owned business enterprises, 10% for women-owned business enterprises, and 3% for service-disabled veteran-owned businesses, with an emphasis on local businesses.

To learn more about the New Terminal One at JFK International Airport, visit https://portauthoritybuilds.com/redevelopment/us/en/jfk/planned-projects/terminal-1.html

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

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SOURCE The New Terminal One at JFK

FAQ

What services will JLL provide at The New Terminal One (JLL) at JFK?

JLL will provide HVAC, plumbing, electrical, fire life safety, building management, power monitoring, switchgear and ORAT/start-up support.

When will JLL begin operational readiness and start-up support for The New Terminal One (JLL)?

Operational readiness and start-up support are scheduled to begin early next year ahead of the terminal opening in 2026.

How large is The New Terminal One that JLL will maintain at JFK?

The terminal is a 2.6 million-square-foot all-international facility.

Does JLL's scope include electric ground support equipment infrastructure at The New Terminal One (JLL)?

Yes. JLL will manage power monitoring and switchgear that support charging stations for the terminal's all-electric ground support equipment fleet.

How does The New Terminal One relate to the wider JFK redevelopment (JLL)?

The terminal is part of a $19 billion Port Authority transformation of JFK that includes new and modernized terminals and a new ground transportation center.