SAN FRANCISCO, March 13, 2014 – JLL and Clune Construction Company have agreed to transfer JLL's Northern California Construction practice to Clune Construction, a nationally known general contracting company. This new office, independently owned by Clune Construction, will commence operations and services on April 1, 2014.
"We've seen significant growth in our assignments in Northern California over the last twelve months and it's clear that having an office here will be beneficial to our clientele moving forward," said Bob Dahlstrom, president of Clune Construction's Western Region. "JLL's team has the depth of experience that will enable us to establish a base to serve clients in this market quickly and seamlessly."
Founded in 1979, Clune Construction has long been a valued client of JLL. The company began its national expansion with the opening of the Los Angeles office in 1989, followed by regional offices in New York, Washington, DC and South Florida. Nationwide, the company employs more than 250 professionals and manages $500 million in commercial and mission-critical projects annually. The addition of the San Francisco Construction team, headed by PJ Cosgrove, gives Clune a platform from which to continue to build its presence in the region.
"This is a tremendous opportunity for clients in the San Francisco area to continue to receive high quality construction services and for PJ Cosgrove and the construction team to flourish within a highly regarded firm focused on the construction business. We look forward to working with Clune Construction in the future," said Elizabeth Hearle, Northwest Market Director, JLL.
JLL's Northwest region employs 1,200 full time employees and operates major corporate offices in Northern California, Oregon and Washington. The San Francisco office has been named one of the 'Best Places to Work in the Bay Area' by the San Francisco Business Times. JLL brokers were involved in negotiating 12 of the 25 largest lease transactions to record in San Francisco in 2013.
JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.
Clune Construction Company is a national, full-service general construction company with offices in Chicago, Los Angeles, South Florida, New York & Washington, DC and satellite offices in most U.S. regions. Clune Construction specializes in multi-faceted commercial interiors, mission critical data centers and health care facilities, and as an industry leader in the interior construction industry generated gross annual sales in excess of $500 million in 2013. For more information, please visit www.clunegc.com.