Lendlease announces new leadership for Chicago, Central Region
- 24 May 2023
(CHICAGO, May 24, 2023) Lendlease, a global integrated real estate group, announced today that two company executives have been elevated to lead the firm’s business in Chicago and the Central US. Nick Iselin has been named Executive General Manager, Development, Central Region, while Kinjal Patel will serve as Executive General Manager, Construction, Central Region.
“As one of our primary gateway cities and home to multiple high-value urbanization projects, Chicago is crucial to our growth as a company, and I look forward to leveraging the expertise and guidance of both Nick and Kinjal as we continue to create and deliver sustainable buildings that will enrich the community for generations to come,” said Claire Johnston, CEO, Americas. “Under their leadership, Lendlease will also explore opportunities to deploy its integrated model in high-growth secondary markets throughout the Central US as part of a new regional structure that will also leverage our Investment Management platform.”
Iselin brings nearly three decades of experience to the role, much of it spent at Lendlease, where he most recently served as Executive General Manager, Boston Development. In that role, he led the development of Clippership Wharf, a four-building, 478-unit mixed-use development along the East Boston waterfront that marked Lendlease’s first major urban regeneration project in the US. Under Iselin’s leadership, Lendlease last year broke ground on FORUM, a 350,000-square-foot, state-of-the-art lab and office building being co-developed by Lendlease and Ivanhoé Cambridge at 60 Guest St., within the Boston Landing mixed-use district.
“A regionally focused organizational structure will not only allow us to be more nimble as we pursue new market opportunities, but it will also enable us to more efficiently offer the same high level of service to our customers while being responsive to a constantly changing market,” said Iselin. “With Chicago as our Central US hub, we will build on our legacy and forge ahead with our pipeline of urban regeneration projects while simultaneously expanding our Investment Management platform and broadening our scope across asset classes, with a focus on fast-growing sectors including multifamily and life sciences.”
An 18-year veteran of Lendlease, Patel has held numerous management positions with escalating responsibilities, including his most recent role as General Manager and Vice President/Principal-in-Charge of Construction in Chicago, overseeing Lendlease’s residential, mixed-use and commercial sectors. His work encompasses numerous large-scale, complex, multi-phase developments that he led from preconstruction through completion, including One Bennett Park, a 70-story ultra-luxury residential building in Streeterville; Lathrop, a former public housing development recently renovated into a mixed-income housing community; and a 19-story tower housing a trio of national hotel chains with a total of 664 rooms and shared guest amenities located at Clark and Grand streets in downtown Chicago.
In Chicago, Lendlease currently has a robust development pipeline, including The Reed at Southbank, a 41-story, 440-residence apartment and condominium high-rise in Chicago’s South Loop. Scheduled to open in late May, the tower is the second residential offering in Lendlease’s 7-acre Southbank master plan along the Chicago River, where additional residential towers are planned.
Lendlease’s third-party Construction business is currently serving as general contractor for several notable developments, including One Six Six in the Fulton Market District, 1400 Wabash in the South Loop and The Saint Grand in Streeterville.
“We are looking to grow our construction portfolio by offering our clients the most proficient preconstruction and construction services to overcome the headwinds developers are faced with in today’s economic climate,” said Patel. “We feel Chicago and the Central Region overall are poised to retake a large share of the market moving forward.”
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About Lendlease
Lendlease (www.lendlease.com) is a globally integrated real estate group with operations in Australia, Asia, Europe and the United States. We create places where communities thrive. Headquartered in Sydney, Australia and listed on the Australian Securities Exchange (ASX:LLC), Lendlease has approximately 7,800 employees globally. Our core capabilities are reflected in our operating segments of Investments, Development and Construction. The combination of these three segments provides us with a sustainable competitive advantage in delivering innovative integrated solutions for our customers.
For more information:
Tom Reller
Corporate Affairs, Head of Communications, Americas
tom.reller@lendlease.com
+1 215 584 0409