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City manager’s office sets ambitious lease‑update target after contracting with Campbell Commercial
Summary
Budget committee members questioned a performance target that would update 75% of city leases in fiscal year 2026 when last year’s estimated completion was 20%. Staff said a new management contract with Campbell Commercial Real Estate underpins the higher target and the firm is under contract through fiscal 2027.
Budget committee members questioned the City Manager’s Office performance measure that targets updating 75% of city leases in fiscal year 2026, noting the estimated completion for fiscal year 2025 was 20%.
Committee member Arthur Ayre asked whether the 75% target was realistic or merely aspirational. A city staff member said the optimism is based on onboarding a management company. ‘‘Last year, we entered a contract with Campbell Commercial Real Estate, to not only update our leases, but also just… the leg work to make sure that everything gets transferred over properly,’’ the staff member said. The staff member added Campbell Commercial is contracted through the end of fiscal year 2027 to focus on updating leases.
Committee members asked what other city-held leases exist. Staff said the city leases the Springfield Depot Building at 110 South Bay Street (occupied by the Chamber of Commerce) and that the Springfield Economic Development Agency is pursuing leases for two of its properties.
No formal action was taken; staff noted the target may be optimistic and explained the staffing and contract rationale for the goal.
