CRG, the Chicago-based real estate development and investment management firm, announced that Steve Schnur has joined the firm as COO. In this new role, Schnur will expand CRG’s executive leadership team to help guide the firm’s strategic growth and continued expansion of its real estate development and investment activities across North America. Schnur will also play an important role in enhancing the firm’s internal processes pertaining to acquisitions, development, leasing, asset management and property management.
For the last 20 years, Schnur served as the EVP and COO at Duke Realty, in which position Schnur was heavily involved in the development, leasing and property management operations of the firm’s 160 million-square-foot logistics portfolio across 19 major markets. Schnur was also responsible for identifying and pursuing new development opportunities, paving the way for over $5 billion in industrial development.
Schnur’s experience at Duke will further support CRG’s previously announced plans to expand its real estate strategy by not only developing, but also acquiring infill industrial assets in core logistics markets with proven long-term demand fundamentals and high barriers to entry. The acquisitions strategy will continue to leverage CRG’s national platform to identify investment opportunities throughout the U.S. that provide strong, risk-adjusted returns.
In addition to being recognized as an industry leader, Schnur is well-known for going beyond the status quo. Schnur serves on the board of the American Red Cross Indiana Chapter, participates in the Northwestern Athletes’ Mentoring Program and is a member of SIOR and NAIOP. Additionally, he was named to the Crain’s Chicago Business “40 Under 40” list in 2008 and the Midwest Real Estate News Commercial Real Estate “Hall of Fame” in 2016.
