CRG (Clayco Real Estate) hired the leadership team that helped build Duke Realty’s industrial portfolio across America. CRG added the new team members after the firm was acquired by Prologis, the world’s largest industrial landlord, for $23 billion. CRG is already filled with strategic and ambitious individuals, which is how they quickly identified the value in this acquisition and chose a top-tier team that shares the same values.
Welcome to the CRG team – Mark Crawford, Joe Hawkins, and Isaac Lau! Crawford joins CRG as chief investment officer, Hawkins will serve as a senior vice president of portfolio management, and Lau’s new role will be vice president of acquisitions in the western region. This collaboration aims to build on CRG’s success in developing over $1 billion of new industrial projects annually.
Combining this team’s expertise with CRG’s national platform will expand its portfolio of critical supply-chain assets in key logistics markets across America. Crawford and Hawkins will split their time between CRG’s Indianapolis office and Chicago headquarters, while Lau will join the firm’s SoCal office.
During Crawford’s 16 years at Duke, he led the largest-scale acquisition in the firm’s history. Hawkins worked for Duke for over a decade and was instrumental in growing the company’s west coast portfolio from less than 5 million square feet to almost 30 million. And although Lau was only with Duke for a year, he has closed more than $1 billion in total transaction volume throughout his career.
The future looks promising for CRG as this new solid leadership team will help innovate its integrated platform. I have no doubt that the acquired experience and industry knowledge will help CRG reach its goal of identifying deals and continuing growth over the next few years.
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