News Summary
Clayco, the Midwest’s largest contractor, has named Anthony Johnson as its new CEO, succeeding Russ Burns. Johnson aims to continue the company’s growth in advanced technology and innovative construction projects. Under his leadership, Clayco plans to expand its presence in niche markets and drive strategic initiatives, including a new unit focused on data centers and quantum computing, positioning itself for significant growth in the years ahead.
Anthony Johnson Takes the Helm as New CEO of Clayco
Clayco, the **Midwest’s largest contractor**, has announced a significant leadership transition with **Anthony Johnson** being named the new **head** of the company, succeeding **Russ Burns**, who retired at the end of last year after a commendable tenure of over 17 years. Under Burns’ prosperous leadership, Clayco elevated its status as a top builder of **technical and mission-critical projects** across the United States. He will take on a pivotal role as the **chairman of the board of advisors**.
Johnson previously excelled as the **executive vice president and head** of Clayco’s industrial business unit. His strategic vision and experience are expected to drive the company forward as they continue to expand their portfolio, especially in niche markets like **advanced technology centers**. Following his appointment, Johnson is stepping into a leadership role at a company that recorded a remarkable **$5.3 billion in revenue** in 2023.
Clayco’s Growing Presence in Advanced Technology
With the launch of **Clayco Compute**, a new business unit concentrated on specialized construction for cutting-edge technology facilities, the company is perfectly positioned to leverage the increasing demand for **data centers** and **quantum computing** projects. In 2024 alone, Clayco pulled in **$3.6 billion** from data center projects, which accounted for a staggering **half** of its total revenue. Notably, the newly established unit is projected to surpass **$4.5 billion by 2026**.
Adding to its impressive resume, Clayco is also engaged in **advanced technology projects** totaling over **$12.7 billion**—making it a formidable force in the construction landscape.
Leadership Changes and Strategic Acquisitions
As part of this leadership transition, multiple other changes were announced, all aiming to strengthen the company’s structural framework for the future. In a strategic move, Clayco, in collaboration with **The Prime Group**, acquired the **40-story Jewelers Building** located at **35 E. Wacker Drive** in Chicago. This acquisition was facilitated through a joint venture with CRG, Clayco’s development and investment management division.
This historical gem boasts an impressive **556,200 rentable square feet** and currently has an occupancy rate of 70%. The acquisition aims to maintain the building’s historical value, while enhancing its relevance in modern times. As part of future plans, considerations may include converting the space into **residential or hotel use** and developing public amenities such as restaurants.
Expanding Horizons: The Ray Phoenix Project
In an exciting development, Clayco recently broke ground on **Ray Phoenix**, a $180 million luxury multifamily tower located in Phoenix, Arizona. The **26-story** masterpiece will feature **401 upscale apartments** and is slated for completion by early 2026. Clayco has recognized Phoenix as a prime growth market for construction, especially in manufacturing.
With major projects underway in the state, such as **Intel’s $20 billion chip plant** and a **$1 billion Meta data center**, the Ray Phoenix project signifies Clayco’s commitment to innovation and community integration. The tower is set to feature an array of amenities alongside **public art spaces**, including a street-level art gallery, marking a fusion of culture and residency.
Future Prospects for Clayco
As Clayco embarks on this new chapter under Anthony Johnson’s leadership, the company is poised for continued growth and success in the construction industry, particularly with its **aggressive expansion in advanced technology** sectors. With Johnson at the helm, the company aims to not just build structures, but also reshape communities through strategic initiatives and memorable projects in the coming years.
With a workforce of over **3,500 full-time employees**, the organizational strength lies in its commitment to quality and innovation, ensuring Clayco’s stronghold in the competitive landscape remains unchallenged as it charts a path toward the future.
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Additional Resources
- Bloomberg: Chicago Construction Billionaire Deepens Bet on Data Centers
- Wikipedia: Data center
- RE Journals: The Prime Group, CRG Acquire Landmark Jewelers Building in Chicago
- Google Search: Landmark Jewelers Building Chicago
- The Real Deal: Bob Clark, Michael Reschke to Buy Distressed Jewelers Building
- Google Scholar: Distressed properties Chicago
- Construction Dive: Clayco Breaks Ground on Phoenix Luxury Tower
- Encyclopedia Britannica: Construction industry
