Le Lézard
Classified in: Business
Subject: CXP

CRG Expands Operations on the West Coast


ST. LOUIS, Sept. 12, 2018 /PRNewswire/ -- CRG, the national real estate developer, announced today that it has hired key leadership from DCT Industrial and is opening a new office in Southern California.

CRG is a private real estate development firm that acquires, develops, and operates real estate assets in North America. Headquartered in St. Louis, Missouri with offices in Chicago, Seattle, Atlanta, Pittsburgh and northern New Jersey, the CRG team has developed more than 5,000 acres of land and delivered over 160 million square feet of commercial, industrial, and multi-family assets exceeding $9 billion in value. (PRNewsfoto/CRG)

Bud Pharris is opening CRG's Newport Beach office and will serve as Senior Vice President and Partner. Bud will lead CRG's industrial pursuits in logistics markets throughout the Western Region. Joe Williams will join Pharris in the Southern California office, serving as Director of Development for the West Region.

"CRG's vision to expand its fully integrated development solutions platform on the West coast align perfectly with Joe and my development goals and industry experience," CRG Western Region Senior Vice President and Partner Bud Pharris said. "I look forward to my new role with CRG and the opportunity to continue to execute on a Western regional development platform in one of the hottest industrial markets in the country."

"This is an exciting time in CRG's growth. Our new team members maintain excellent reputations and bring decades of experience developing on the West coast," CRG President Shawn Clark said. "Together, we will build upon CRG's proven track record of developing Class A, state-of-the-art distribution centers in core markets nationally. CRG will deliver new industrial assets exceeding $1 billion over the next three years."

The announcement comes at a time when tenant demand for modern logistics facilities is at an all-time high and consumer demand to purchase goods online is driving e-commerce globally. 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.

CRG's major projects under development include The Cubes at Bridgeport, a 1 million-square-foot speculative warehouse in the South I-85 Atlanta market; The Cubes at DuPont, a 1.6-million- square-foot industrial park with 340,000 square feet of existing space and 1.25 million square feet of new development in the Seattle market; and The Cubes at Troutdale, a 350,000-square-foot speculative warehouse in the Portland market.

For more information about CRG industrial portfolio and business development group, visit realcrg.com.

About CRG
CRG is Clayco's private real estate development firm that acquires, develops, and operates real estate assets. Headquartered in St. Louis, Missouri with offices in Southern California, Seattle, Chicago, Atlanta, Pittsburgh, Philadelphia and northern New Jersey, the CRG team has developed more than 5,000 acres of land and delivered over 160 million square feet of commercial, industrial, and multi-family assets exceeding $9 billion in value. For more information visit www.realcrg.com.

About The Cubes
The Cubes industrial brand is owned and developed by CRG. The Cubes represents CRG's philosophy of developing for the demands of next generation industrial users. The Cubes are designed with an emphasis on sustainability and state-of-the-art building specifications with consumer centric logistics strategies. With the end user always in mind, The Cubes offer superior access to logistics networks and strong, qualified labor supplies.

Background
Bud Pharris ? Senior Vice President, Partner ? West Region
In Bud Pharris' previous role as Managing Director, West Region for DCT Industrial, he was responsible for development, capital deployment, portfolio management and operations.  Pharris' oversight duties included all company operations in the Denver, Northern California, Phoenix, Seattle and Southern California regional markets. Prior to joining DCT, he was a Senior Development Manager with Panattoni Development Company in the Southern California office. Pharris has over 25 years of commercial real estate experience. He holds a Bachelor of Science degree in Marketing from California State University, Sacramento and is an active member of SIOR, NAIOP and NAIOP Forums.  

Joe Williams ? Director of Development - West Region
In Joe Williams' previous role as Vice President, Market Representative for DCT Industrial, he was responsible for all leasing, acquisitions and development efforts in Southern California. Williams has nearly a decade of experience in industrial real estate and previously worked as a broker for CBRE and Colliers International. He holds a Master's Degree in Real Estate Development and a Bachelor of Science in Business Administration from the University of Southern California.  Williams is an active member of SIOR and NAIOP.

MEDIA CONTACT
Brittany Burke, CRG
burkebr@realcrg.com
314-239-5779

 

SOURCE CRG


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