CRG, the real estate development and investment arm of Chicago-based Clayco, hired industry veteran Jeff Lanaghan as senior vice president, partner and leader for the Midwest region industrial practice.
Lanaghan joins CRG after 28 years at IDI Logistics, where he was the market leader for the Chicago region. He will lead all aspects of regional activity for CRG, including capital development, leasing and asset management with an immediate focus on the Midwest industrial market, which has continued to see a surge of activity and interest due to the spike in e-commerce-driven space needs, which has only increased as a result of the COVID-19 crisis.
The move is another addition to CRG’s nationally integrated platform, which is responsible for development of more than 8,500 acres of land and 197 million square feet of commercial, industrial, institutional and multifamily assets exceeding $12 billion in value.
Lanaghan — a nearly 30-year veteran — has worked with Fortune 500 clients throughout his career, developing and managing the design and construction of projects totaling more than 15 million square feet exceeding $1 billion in market value. His recent projects include a 558,550-square-foot build-to-suit warehouse for Handi-Foil in Antioch, Illinois, and a 750,000 square foot Amazon distribution facility in Channahon, Illinois.