Office of Real Estate & Economic Development at MassDOT

OREED develops and manages a portfolio of leases, licenses, and contracts with the private sector to generate revenues from real estate development, surplus property dispositions, concessions, parking, advertising, and hosting infrastructure for communications, energy, and other utilities.

OREED's mission also includes economic development and cooperation with state agencies, local governments, and communities to conserve natural resources, create open spaces, and improve relations between MassDOT and the neighbors, customers and constituents of the state's transportation network.