Thomas O’Brien Is New LCOR President

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Thomas O'Brien
Thomas O’Brien

Berwyn-based LCOR has appointed Thomas O’Brien president of the company, which has developed many high profile venues including 545 Madison Avenue in New York City.

Effective July 1, O’Brien took over for Peter DiLullo, who is continuing in his role as chief executive officer until Dec. 31. DiLullo will then become chairman of the fully-integrated real estate company.  LCOR specializes in developing dynamic state-of-the-art properties, investment and management.

DiLullo and O’Brien have worked together for more than 25 years, playing key roles in directing LCOR’s evolution into a leading developer.  LCOR is widely known for successfully executing complex development opportunities along the East Coast such as the $1.4 billion JFK Terminal 4 project in New York and the $900 Million U.S. Patent and Trademark Office campus (pictured above) in Alexandria, Va.

“Tom is extremely capable and is fully prepared to manage LCOR’s operations,” Said DiLullo. “The fundamentals we have in place today are solid, and we are on the right path within this dynamic market, efficiently allocating our resources and offering product with the highest potential. Tom has made, and will continue to make, significant contributions to ensure that LCOR’s fundamentals are maintained.”

Peter DiLullo
Peter DiLullo

O’Brien, a 30-year company veteran, said he will also be working with the leadership team of Bill Hard and David Sigman, and is looking forward to having an active role in LCOR’s future.

“Through our expanding development, acquisition and asset management activities, we have the opportunity to remain a strong and growing company for many years to come,” said O’Brien.

LCOR has a mission to create better places to live, learn, work, travel and play. In 2012, LCOR recapitalized the company with the California State Teachers’ Retirement System and the resulting new platform, with a significant asset and capital base, is poised for strategic portfolio growth. LCOR specializes in core urban development and acquisition / redevelopment opportunities where assets can be repositioned or rehabilitated to add value.

LCOR’s real estate operating and development business manages approximately 8,000 multifamily units, 8 million square feet of commercial space and a substantial development pipeline of mixed use real estate in core markets. Nationally, LCOR has developed more than 21,000 residential units and 20 million square feet of commercial space. LCOR is principally focused in the eastern United States.

 

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