April 17, 2018
CHICAGO, IL – CRG today announced the appointment of Shawn Clark as group president effective immediately. Clark, former Vice President of Finance at CRG and son of Clayco CEO and Chairman Bob Clark, has over a decade of experience in the real estate industry with a focus on project and fund-level financing activity. Former President Chris McKee will assume the role of Chief Development Officer and Bob Clark will take on duties of Chief Executive Officer.
“CRG is a culture-first developer focused on performance and providing real estate solutions to our clients. Our new leadership team represents the best in the business with proven track record for delivering results,” Clayco CEO and Chairman Bob Clark said. “I am honored that Shawn is leading CRG is this capacity and playing such an important role with an accomplished team of senior leaders that reflects the strength and diversity of our organization.”
“CRG has experienced incredible growth over the past few years. We have talented people, a strong pipeline and excellent capital partners,” CRG President Shawn Clark said. “Our integrated platform gives CRG a unique advantage. We create real value for our partners while delivering the best solutions for our clients.”
CRG is the private real estate development arm of Chicago-based Clayco that buys, develops and operates real estate assets. CRG’s total revenue grew nearly 18 percent to $484.5 million last year, up from $412 million in 2016.
Earlier this year, CRG launched three new industrial projects in top tier markets across the United States. The Cubes at DuPont is master planned as a 1.6 million square foot institutional quality business park on the former Intel campus in DuPont, Washington. The Cubes at Etna 70 is a 155-acre land development is centrally located in Etna Township in Columbus, Ohio and The Cubes at Inland 85 is a 324-acre site in Spartanburg County, South Carolina.
Last summer, CRG completed the Everly on the Loop, a 14-story student high-rise building on the east end of the Delmar Loop. Currently, CRG has two multi-family developments underway in Chicago’s Uptown and Bucktown neighborhoods.
Shawn Clark is the founder of Illumination; an immersive theatrical event that raises money for rare disease research and Co-Chair of the associate board for the Greater Chicago Food Depository.