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Consigli Building Group, an entity affiliated with Milford-based Consigli Construction, has finalized its purchase of the New Jersey and New York operations of Lendlease, a global real estate firm based in Australia.
The purchase, first announced in May, will see Consigli take more than 40 current, under contract, or pre-construction projects involving Lendlease. The deal will allow for more than 400 Lendlease employees to join Consigli.
“Lendlease is the largest healthcare builder in NYC, and we are fortunate to bring on some of the most experienced healthcare and life science people in the NY and NJ metro area,” Anthony Consigli, CEO of Consigli Construction Co., said in a Monday press release announcing the sale had been finalized. “Lendlease’s large, complex project planning experience coupled with our local resources, tools and technologies will allow us to provide the stability and the flexible, nimble leadership needed to allow us to deliver the absolute best client service possible in an ever changing construction world.”
Lendlease has been involved in a number of big projects in New York City, including the construction of the National September 11 Memorial & Museum and the Central Park Tower, a $3-billion residential skyscraper and the second-tallest building in the city.
Other New York City projects the firm has been involved in include various renovations and upgrades to the American Museum of Natural History and an expansion of the Jacob K. Javits Convention Center.
Founded in 1905, Consigli Construction has more than 1,600 employees and 13 regional offices across North America, according to the firm’s website. The company is employee-owned.
Eric Casey is a staff writer at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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