Press Release  Healey-Driscoll Administration Hires Advisor to Help Facilitate Major Springfield Courthouse Project

Springfield — The Healey-Driscoll Administration today announced that a transaction advisor has been hired to guide the procurement process for the Springfield Regional Justice Center project, a major redevelopment of the courthouses located at 50 and 80 State Street.   

The administration plans to release a Request for Proposals (RFP) to find a developer for the new Justice Center. The Division of Capital Asset Management and Maintenance (DCAMM) in conjunction with the Executive Office of the Trial Court (TRC) have engaged Greystone Real Estate Advisory Group to help ensure a highly robust, competitive, open, and fair procurement process in the developer search. 

Greystone will provide strategic guidance, evaluation support, and negotiation assistance throughout the process, which will contribute to efforts by DCAMM and TRC to solicit proposals that meet the priorities stakeholders have expressed. Their first major task will be to market the property and help maximize competition and ensure robust response to the proposal.

“The Healey-Driscoll Administration is committed to building a new Springfield Courthouse that meets the needs of the community and the Court as expeditiously as possible,” said DCAMM Commissioner Adam Baacke. “DCAMM is pleased to enlist a firm with Greystone’s extensive experience and track record to support this solicitation.”

"The Trial Court is committed to working closely with DCAMM to ensure the successful delivery of a courthouse that meets the needs of the Springfield community and advances the important work of the justice system,” said Court Administrator Thomas Ambrosino. “We support DCAMM’s efforts to make the procurement process as transparent and competitive as possible.”

Project updates will continue to be made available on the project page, and the Request for Proposals is expected to be released on June 30^th.  

About the Greystone Real Estate Advisory Group

Established in 1999, the Greystone Real Estate Advisory Group, a division of Greystone Select Incorporated (Greystone), provides commercial real estate service to public, private, and not for profit clients.  Its mission is to provide advisory services that maximize the value of existing real estate portfolios.  Through its established partnership with public clients, Greystone Real Estate Advisory Group has become the nation’s leader in the management of revenue-producing properties for public transportation agencies. The group has an established reputation in the marketplace as a results-oriented asset management firm that routinely identifies new revenue sources from its client’s existing portfolios.  For more information, visit www.greystonerealestategroup.com.

About DCAMM

The Division of Capital Asset Management and Maintenance (DCAMM) works with state agencies to create and manage forward-thinking, sustainable buildings to meet the needs of the people they serve. DCAMM partners with fellow agencies to help them meet their strategic needs with fiscally responsible building and real estate solutions.

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