38 transactions, both acquisitions and dispositions, totaling $200 million. Thesetransactions included both small box buildings in the 25,000-square-foot range,to mid-size properties of 350,000 square feet. In that time, it has also maintained90% occupancy throughout its portfolio, signing 2. 5 million square feet in leasedeals despite taking on new value-add projects.
To help others navigate the industrial market, Clear Height Propertieslaunched a project and development services group, including spec suites, tenantbuild-out projects and renovation and repositioning programs. The group workson both Clear Height Properties projects and projects for third-party clients,which has become an additional revenue stream for the company.
The company’s leadership has strong ties in the local community. DominicSergi, Clear Height Properties president and CEO, sits on the board of CrescoLabs, Conversion Energy Systems and BizAssure, while Joe M. Sergi, COO andpartner, is a founding member City of Hope Future Leaders Board; former board member of the Leukemia and Lymphoma Society,a board member and director of the USO of Illinois and a board member of BOMA Chicago.
As a vertically integrated real estate development company, CRG develops, owns and operates real estate assetsand markets across the US. In its three-decade run, CRG has developed more than 8,500 acres and 197 millionsquare feet, totaling $12 billion in value. The firm has a separate industrial division called the Cubes, focusedon logistics facilities with access to major transportation and qualified labor. As a standard, the company’sfacilities have cutting-edge sustainability practices, zero-tolerance safety programs and modern truck courts,parking and trailer storage to deliver the highest-quality properties to the market.
CRG’s industrial practice group offers a full spectrum of services, for development consultation throughconstruction, leasing and, ultimately, asset management. In the last three years, the company has tripled insize, and launched the industry’s first build-to-core industrial fund. The fund will hold assets long-term withthe target of delivering core-plus returns for institutional investors.
The firm is also expanding into new markets across the country and actively recruiting seasoned professionals. CRG is committed to providing the best for its team, which includes launching diversity and inclusion initiatives and partnering with Clayco to launch ClaycoNow, a women’s network dedicated to increasing femaleleadership.
Outside of the office, CRG has the same commitment to community. It has supported local food banks, routinely raising funds andvolunteering for the Greater Chicago Food Depository. In partnership with the Clayco Foundation, the firm has also raised $6.5 millionto fight RVCL, a rare genetic disease.
CROW HOLDINGS INDUSTRIAL
A subsidiary of Dallas-based Crow Holdings, Crow Holdings Industrial launched in 2013 to develop high-quality, environmentally sustainable industrial facilities for such companies as Amazon, Whole Foods, LG, Williams-Sonoma, Uline and Wayfair. In just seven years,Crow Holdings Industrial has built 23 million square feet of industrial space, a total of 60 properties, including distribution centers,fulfillment centers and last-mile logistics properties. The firm’s market impact has increased 300% in the last three years, and thefourth quarter 2019 was its most active with 8 million square feet under construction, record leasing activity across the portfolio and
$275 million in property sales.
As Crow Holdings’ portfolio and market share has grown, so has its team and geographic footprint. The developer started itsoperations in California and has expanded into the Northeast and Midwest markets with six offices. Under CEO, Ken Valach’s
Dominic Sergi Joe Sergi
John Bateman Cory Driskill Ken Valach Mark Kurucz Phil Prassas