Thomas O’Brien, chief operating officer at real estate and development company LCOR, will succeed Peter Dilullo as the firm’s president, the company announced today.
O’Brien, who has been with the company for 30 years, will take up the post on July 1. Dilullo will stay on as chief executive until the end of the year, at which point he will become the company’s chairman.
LCOR’s New York projects include the $1.4 billion Terminal 4 expansion at JFK Airport. The company also manages the 234-unit Brooklyn rental 250N10 at 250 North 10th Street in Williamsburg, and completed a revamp and rental conversion of the Broad Exchange Building at 25 Broad Street in October. A previous conversion attempt at the property by Kent Swig fell through following the collapse of Lehman Brothers.
“Working with our leadership team of Peter, Bill Hard and David Sigman, along with the rest of our talented team, I look 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,” O’Brien said in a statement. — Tom DiChristopher