June 1, 2017
Former Equity Office Properties and Walton Street Capital veteran Kevin Mulhall has been tapped to lead the CRE investment platform for Chicago-based Walsh Group. The 119-year-old general contractor is expanding the family office into long-term hold property investments.
The new entity is called Creek Lane Capital, and has already acquired a 302-unit multifamily asset in downtown Charlotte, NC for $70 million (pictured). It is also investing in a nearly one-million-square-foot MXU planned in Alexandria, VA.
The company plans to pursue build-to-suit office deals, as well as redevelopment projects. Creek Lane envisions investments in Chicago, as well as Boston and Los Angeles, though not New York. Secondary markets in which it is interested include Nashville, Denver and Portland.
Walsh Group was founded in 1898, and generated more than $5 billion in revenue last year. The contractor is known for infrastructure and transportation work.
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