Gilbane Building Co., a national construction management company based in Rhode Island, is moving its New Jersey headquarters from New Brunswick to downtown Newark, it announced Friday.
Gilbane said in a news release that the move is motivated by growth in New Jersey and a goal of integrating itself into the fabric of the Newark community.
The contractor’s new office will be in the Newark Legal Center, at One Riverfront Plaza in the Gateway District, it said in a news release.
“To have Gilbane — one of the nation’s leading construction companies — move its New Jersey headquarters to Newark speaks volumes for the commercial growth of our city and the scope of our construction market,” Newark Mayor Ras Baraka said in a prepared statement. “Gilbane’s move sends a strong signal that Newark is a welcome location for companies and their employees.”
Gilbane has been active in New Jersey for more than 50 years, working on projects for Boraie Development LLC, Rutgers University, Summit Medical Group and others.
“Having personally been involved in the construction of the Prudential Center, I am very excited for my family’s company move to Newark,” William J. Gilbane III, senior vice president and managing director of the company’s New York division, said in a statement. “We are very excited about the position Newark holds in the growth of the region.”
Employees will move into the new space in the spring, the company said.
“Newark has a great energy, tremendous resources in its diverse workforce and over 40,000 college students, and construction opportunities with a multitude of Fortune 500 companies, three universities, cultural organizations and a tremendous amount of planned growth in the commercial, retail and residential markets,” Daniel J. Shea, vice president and manager of the New Jersey office, said in a statement. “I am excited about our move and looking forward to getting involved in the community.”