St. Louis’ CRG names new president

Shawn Clark has been appointed president of St. Louis-based CRG, the private real estate development arm of Clayco.

Clark is the former vice president of finance at CRG, and is son of Clayco chief executive officer and chairman Bob Clark. He brings more than a decade of experience in the real estate industry.

Former president Chris McKee will take over the role of chief development officer. Bob Clark will take on the duties of chief executive officer.

CRG’s total revenue grew nearly 18 percent to $484.5 million last year, up from $412 million in 2016.

Earlier this year, CRG launched three new industrial projects in top-tier markets across the United States.

The Cubes at DuPont is master-planned as a 1.6 million-square-foot institutional quality business park on the former Intel campus in DuPont, Washington. The Cubes at Etna 70 is a 155-acre land development centrally located in Etna Township in Columbus, Ohio, and The Cubes at Inland 85 is a 324-acre site in Spartanburg County, South Carolina.