Greystone Real Estate Advisory Group (GREA), a best-in-class commercial real estate management service provider to the public, private, and not-for-profit sectors, announced it has been selected as Transaction Advisor by the Massachusetts Division of Capital Asset Management & Maintenance (DCAMM) to advise the agency on facilitating the development of a new courthouse facility in Springfield, MA.

As part of the advisory agreement, GREA will advise the agency on the public procurement of a respondent to design, build, operate and finance a new Springfield Regional Justice Center, which will merge two separate court operations into one modern, functional, and efficient building.

The Springfield Regional Justice Center is expected to house up to 330,000 usable square feet of space for judicial, administrative, detention, and court services.  

“DCAMM looks forward to enlisting Greystone’s considerable expertise and connections to identify a developer partner who will collaborate with us alongside court and community stakeholders to deliver a compelling and successful project for Springfield,” said DCAMM Commissioner Adam Baacke.

 “We are committed to supporting DCAMM in establishing a new, permanent site for the Springfield Regional Justice Center and providing guidance for the development of a project that will serve the community and Commonwealth for generations,” said Charles Di Maggio, CEO of the Greystone Real Estate Advisory Group. “Greystone specializes in providing private sector real estate expertise in a public-minded way, and we are excited to bring our 25 years of experience providing real estate services to the public sector to DCAMM. We thank DCAMM for putting their confidence in our work.”