The Commonwealth through its Division of Capital Asset Management and Maintenance (DCAMM), in collaboration with select state agencies, has launched a business opportunity initiative, titled Open for Business, as part of a state-wide effort to maximize the full potential of Commonwealth real estate assets for the benefit of its cities and towns. The main areas of focus include real estate, economic development, utilities and telecommunications, green partnerships, advertising, retail and concessions.
Please see links below for Real Estate Asset Opportunities:
Pursuant to M.G.L. Chapter 7C, Sections 32 – 38 and additional legislation that is property specific, DCAMM is authorized to dispose of state-owned property through a competitive process which includes the auction method. Find information on auction property in Framingham, Belchertown, Danvers, Greenfield, Washington and Westborough. The Zekos Group is the designated auctioneer for these properties.
The Sale Partnership Program is a new Commonwealth - Municipal Land Disposition Model that allows a municipality to purchase and market (to private development community) former state surplus real estate assets that have significant economic redevelopment potential and are located within their municipality. When the municipality resells/leases all or a portion of the asset, the net sale proceeds are shared between the Commonwealth and the municipality. Throughout the reuse planning, marketing and resale contract negotiations, DCAMM is available to provide technical assistance to the municipality. Currently the following municipalities are participating in the Sale Partnership Program: Westborough, North Reading and Medfield.