CRG launches second U.S. logistics fund

CRG, the real estate investment and development arm of Chicago-based Clayco, has opened its U.S. Logistics Fund II (USLF II) to high-net-worth individuals, family offices, wealth management advisers and other accredited investors.

USLF II is expected to develop $1.5 billion of new state-of-the-art ecommerce and distribution facilities across key logistics markets throughout the United States over the next three years.

“We are bullish on the growth of ecommerce logistics and excited to expand access to these types of investments through USLF II,” said Shawn Clark, president of CRG. “We believe this fund is the 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.”

CRG is targeting a 10 percent investment from diverse investors. The firm will strategically target a pool of qualified investors that includes women and persons of