Tegethoff Development and Pearl Companies leader Jeff Tegethoff will join CRG as an Operating Partner. CRG is the real estate development arm of Chicago-based construction conglomerate Clayco
April 23, 2020
SAINT LOUIS, MO – CRG, the real estate development and investment arm of Clayco, today announced that Jeff Tegethoff has joined its executive leadership team as Operating Partner and will lead his current portfolio of projects launched under the brand Tegethoff Development and Pearl Companies. Tegethoff comes to CRG with his team that successfully launched vertically integrated real estate development and investment platforms that included more than 2,000 apartments and 200,000 SF of commercial space totaling over $500,000,000 in executed projects since 2015.
In his role as Operating Partner, Tegethoff will strategically integrate with CRG’s platform to deliver best-in-class properties for residential and industrial asset classes across North America.
CRG and Tegethoff already have a significant pipeline of projects, including mixed-use developments in Chesterfield, Missouri, and Carmel, Indiana, a residential development in Dallas, and industrial developments in Florida and Arizona.
“Jeff is a really talented developer and has a strong track record with investors,” said Shawn Clark, CRG President. “His philosophy and reputation integrate perfectly with CRG as we continue to expand our national platform.”
Prior to joining CRG, Tegethoff served as President of Pearl Capital Management where he helped orchestrate the firm’s explosive growth on the St. Louis scene growing Pearl’s portfolio from $20 million to over $500 million in just five years across multiple real estate sectors.
“My vision has been to develop ‘irreplaceable buildings in irreplaceable locations’ with an intense focus on efficiency of execution to drive investment return,” said Tegethoff. “It’s an honor to be entrusted with stewarding a development platform leveraging the power of Clayco’s fully-integrated design-build model — part of an extraordinary vision by Clayco founder Bob Clark — with CRG’s national development and investment expertise to deliver innovative, world-class properties.”
Tegethoff holds a Bachelor’s of Science in Finance from Boston College. Since 1997, he has been involved with operating assets related to private placement of Family Office and Institutional equity and has extensive experience in driving investor returns across venture capital, private equity and real estate. Tegethoff is a Board Member of Missouri Growth Association and active with Urban Land Institute, Citizens for Modern Transit and the Forest Park Forever Leffingwell Society.
CRG is a privately held real estate development firm that has developed more than 8,500 acres of land and delivered over 197 million square feet of commercial, industrial, institutional and multifamily assets exceeding $12 billion in value. CRG, headquartered in St. Louis, leverages a powerful North American platform with local market expertise and offices in Atlanta, Chicago, Columbus, Southern California 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.
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 $3.25 billion in revenue for 2019, 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.