Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Chicago & Midwest  + Downtown  + Industrial  | 
CRG's new industrial development in Country Club Hills, IL was financed with equity from its new logistics fund

CRG Launches Second Logistics Fund, Targets $1.5B of Development

CRG, the real estate investment and development arm of Chicago-based Clayco, launched U.S. Logistics Fund II, a fund that will develop a projected $1.5 billion of e-commerce and distribution facilities across key logistics markets throughout the U.S. over the next three years.

The new fund is open to high-net-worth individuals, family offices, wealth management advisers and other accredited investors. In addition, CRG is setting a target of 10% investment from diverse investors. CRG will strategically target a pool of qualified investors including women and persons of color.

“We are bullish on the growth of e-commerce logistics and excited to expand access to these types of investments through USLF II,” said CRG president Shawn Clark. “We believe this fund is first of its kind. It’s a natural step in our firm’s evolution and strengthens our position as the most vertically integrated development and building delivery firm in the country.”


Inside The Story


About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
New call-to-action