The Colvest Group Strengthens Leadership Team with Two Appointments

Domenick Villano

SPRINGFIELD — The Colvest Group announced two personnel moves: the promotion of Domenick Villano to vice president of Real Estate and the appointment of Patricia Murphy as controller. Together, they will support the company’s real estate, financial, and development efforts across the region.

Patricia Murphy

Led by CEO Frank Colaccino, the Colvest Group specializes in acquiring, developing, and managing office, retail, and mixed-use commercial properties, including projects focused on community revitalization and economic development.

Villano, who previously served as Real Estate manager, has been with the Colvest Group for more than three years. In his new role, he oversees leasing operations, tenant relations, and property management efforts across the company’s portfolio.

Before joining the Colvest Group, Villano worked as Real Estate manager for a B2B sales and e-commerce provider, overseeing a national portfolio supporting fulfillment, delivery, and office operations throughout the U.S. and Canada. He also spent seven years with a Springfield-based commercial real estate brokerage firm, working on office, industrial, retail, and land development projects.

“Domenick has become an integral part of our team and has consistently demonstrated strong leadership and industry expertise,” said Frank Colaccino, CEO of the Colvest Group. “His promotion reflects the value he brings to our organization and our confidence in his ability to help drive the company’s continued growth and success.”

As controller, Murphy oversees the company’s accounting functions, including financial reporting, budgeting, internal controls, and company filings. She is responsible for the financial oversight and reporting processes that support the organization’s operations and long-term growth.

Murphy, a certified public accountrant, brings more than 33 years of accounting experience, including previous leadership roles with Duc-Pac Inc., Vesta Corp., and regional accounting firms Burgess, Robb and Grassetti, in addition to Meyers Brothers Kalicka, P.C. She earned a bachelor’s degree in accounting from UMass Dartmouth.

“Strong financial oversight is vital to every aspect of our business, from managing our existing portfolio to evaluating new opportunities and planning for future growth,” Colaccino said. “Patricia’s role is central to ensuring we have the financial discipline and controls needed to support the company’s continued success.”

The Colvest Group is currently advancing several notable projects in the region, including the Towne Shoppes of Longmeadow retail development and redevelopment efforts in Holyoke and Northampton.