E-commerce is driving business at St. Louis-based commercial developer CRG, along with an “evolution in the technology and quality of buildings,” according to President Chris McKee.
“Everybody knows about Amazon, but almost every other large business, retail and/or supplier to retail, is looking for opportunities to take advantage of warehousing to improve their supply chains,” to keep up with Amazon or just improve their overall cost basis, he said.
CRG is the private real estate investment arm of Chicago-based Clayco that buys, develops and operates real estate assets. CRG’s total revenue grew nearly 18 percent to $484.5 million last year, up from $412 million in 2016. Clayco, one of the nation’s largest design-build companies, saw about $2.02 billion in 2017 revenue, up from more than $1.35 billion in 2016.