October 21, 2019
CHICAGO – CRG, a national real estate development and investment firm, announced today the hiring of Kevin Newell as Director of Finance. Newell will join the Capital Markets and Asset Management team supporting CRG’s investment activity throughout North America. His role will include strategy development, acquisitions and asset management oversight of new development opportunities.
“Kevin brings extensive real estate experience to CRG, having worked across all asset classes, in all major U.S. markets, and focused on both sides of the balance sheet,” said Shawn Clark, president of CRG. “He is a great addition to the growing team and a strong asset as we deepen our financial bench in support of CRG’s national development activity.”
CRG is focused on the development of high-quality real estate assets throughout North America and primarily invests in three types of real estate; industrial warehouses in key logistics corridors, mixed-used and multi-family in emerging urban neighborhoods, and build-to-suit corporate headquarters.
“CRG and the broader Clayco enterprise stands out as a true innovator in the sector with its vertically integrated platform,” said Newell. “I’m excited to be part of such a talented team and a highly entrepreneurial culture as CRG continues to expand into new markets and business lines.”
Newell previously served as Vice President of Finance and Strategy at Equity Commonwealth, a Chicago-based office REIT. He joined Equity Commonwealth in 2014 to help lead key finance, strategy, and asset management initiatives in the successful turnaround of an $8 billion office REIT and pursued growth opportunities across the real estate sector. Prior to that role, Newell was a member of Goldman Sachs’ Real Estate Investment Banking group where he executed more than $12 billion of strategic advisory, debt and equity capital raising, and lending engagements for clients all across the real estate, gaming and lodging sectors.
Newell holds a Bachelor of Science in Finance from Boston College and a Masters of Business Administration, Finance and Real Estate Management from Northwestern’s Kellogg School of Management. He will be based in CRG’s Chicago office and report to Mike Wurtsbaugh, Senior Vice President of Finance.
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 multi-family 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 multi-family brand, Chapter. For more information, visit CRG’s website atwww.realcrg.com
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering, and construction firm that safely delivers clients across North America the highest quality solutions on time, on budget, and above and beyond expectations. With $2.6 billion in revenue for 2018, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions for industrial, commercial, institutional and residential related building projects. For more information visit www.claycorp.com.