March 14, 2019
COLUMBUS, OH – CRG, a national real estate developer, announced today that it has opened a new office in Columbus, Ohio. CRG leverages a powerful North American platform with local market expertise and dedicated institutional capital to develop state-of-the-art core industrial assets in strategic locations, like Columbus, Ohio in anticipation of tenant’s needs.
Last year, CRG announced The Cubes at Etna 70, a 155-acre industrial park located in the Etna Township, furthering the roll out of The Cubes state-of-the-art warehouse and logistics facilities throughout North America. CRG recently broke ground on the first development in the park, a 1.2 million square foot build-to-suit for Kohls and has land available to develop up to an additional 3 million square feet in the park.
“This investment further exemplifies our commitment to the Columbus market. said CRG President Shawn Clark. “We continue to see opportunities to deliver our clients’ most important projects while creating value for our investors.”
Scott Caplan, Senior Vice President and Partner, will lead the Columbus office as well as CRG’s industrial and office pursuits in markets throughout the Midwest Region. Hannah Kiem will join Caplan in the Columbus office, serving as Director of Development, Midwest Region.
“Tenant demand for modern logistics facilities is at an all-time high and consumer demand to purchase goods online is driving e-commerce growth,” said Caplan. “Retailers are demanding industrial facilities that can accommodate the latest automation technologies and properties that can accommodate increased trailer storage and car park requirements to compete in today’s logistics environment.”
The new Kohl’s facility is the first development at The Cubes in Etna 70, with additional growth available for distribution build-to-suit developments. In the fall of 2017, infrastructure work at the site was complete including work on the Interchange of I-70 and State Route 310. The five-lane bridge and a two-lane signaled off ramp is within 100 yards of The Cubes and provides convenient access for warehouse traffic.
CRG is a privately held real estate development firm that has developed more than 8,000 acres of land and delivered over 187 million square feet of commercial, industrial, institutional and multifamily assets exceeding $11 billion in value. CRG, headquartered in St. Louis, leverages a powerful North American platform with local market expertise and offices in Atlanta, Chicago, Columbus, Newport Beach, CA and Philadelphia. CRG’s philosophy of developing for the future and anticipating the enhanced needs of next generation users led to the creation of their industrial brand, The Cubes, and their multifamily brand, chapter. For more information, visit CRG’s website at www.realcrg.com
About The Cubes
The Cubes is a North American industrial brand owned and developed by CRG. The Cubes represents CRG’s philosophy of developing for the future and anticipating the enhanced needs of tomorrow’s modern industrial user. The Cubes are designed with an emphasis on sustainability, and implement state-of-the-art specifications, including maximum clear heights, dock doors and trailer storage to keep pace with the shift to consumer-centric logistic strategies. The Cubes are located on strategic sites that take into consideration both logistics and labor supply, always with the end user in mind.