What Clarius Partners does

Clarius Partners is a privately held, full-service commercial real estate investment and development firm founded in 2009 by Steve Duncan and Kevin Matzke. The firm acquires, develops, and manages industrial, office, medical, and land projects across eight U.S. states — Arizona, California, Illinois, North Carolina, Pennsylvania, South Carolina, Texas, and Utah — operating from a Chicago headquarters and a Scottsdale regional office. Cumulative development budgets under management exceed $1.8 billion, with a portfolio that includes master-planned logistics parks (Clarius Park Hardeeville near the Port of Savannah, Airpark 130 in Austin, 303 Crossroads in Glendale), build-to-suit industrial facilities, medical office projects, and a 620-acre site at Clarius Park Morris that has been re-designated for data center use.

The firm serves corporate occupier tenants across logistics, consumer products, technology distribution, and healthcare, including Whirlpool, Lion Electric, NFI Logistics, Puma, Scotts Miracle-Gro, Kohler, Insight Enterprises, Cigna Medical Group, and OASIS Hospital. Revenue is generated through three primary streams: investment management fees on capital under management, development and construction management fees on project budgets, and co-investment participation alongside institutional capital partners such as J.P. Morgan and Walton Street. The firm has formalized this capital strategy through repeated joint ventures with Hillwood, Peakline Partners, and Stonemont Financial Group.

Clarius Partners' competitive position rests on a senior team drawn from Higgins Development Partners, ProLogis, Catellus, and Hines Interests, and on long-standing lending relationships with more than ten institutional banks. The platform is principally a sponsor and developer — there is no proprietary technology product or AI component — and growth has been achieved through disciplined geographic expansion and capital partner diversification rather than balance-sheet leverage.

Name

Clarius Partners

Legal name

Clarius Partners, LLC

Website

https://clariuspartners.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Clarius Partners is a privately held commercial real estate investment and development firm, founded in 2009 and operating across eight U.S. states from Chicago and Scottsdale. The firm develops industrial, office, medical, and land projects for corporate occupiers and institutional capital partners, with cumulative development budgets exceeding $1.8 billion.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Nonresidential Building Construction (2362), Land Subdivision (2372)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Investors, Nec (6799)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Commercial Real Estate Asset Management (BPAJAMAB), Construction Program Management (Multi-site/Portfolio) (IMAFAAAF)

Keywords

• Commercial real estate development
• Industrial property development
• Real estate investment management
• Build-to-suit construction
• Commercial property management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Real Estate Investment Management: Managing real estate investments on behalf of principals, third-party investors, and owners. The company earns fees for investment management, asset oversight, and co-investment participation.
2. Development and Construction Management: Full-service development capabilities including land acquisition, entitlement, design oversight, construction management, and property delivery for build-to-suit and speculative projects.
3. Co-investment and Performance Participation: The firm charges lower fees for higher service levels in exchange for participating in the success of clients and partners, aligning interests with performance.

Distribution channels1 record

Marketing channels2 records

Core offering

Clarius Partners is a full-service real estate investment and development firm that manages office, medical, industrial, and land development projects on behalf of principals, third-party investors, and owners. Its capabilities span the entire real estate lifecycle, including investment management, fund and joint venture structuring, acquisition and disposition, due diligence, entitlements, incentives negotiation, vertical and infrastructure construction management, leasing, and property and asset management. Total managed development budgets exceed $1.8 billion across projects in Arizona, Illinois, South Carolina, North Carolina, Pennsylvania, Texas, Utah, and California.

Product overview

Clarius Partners is a full-service real estate investment and development company managing office, medical, industrial, and land development projects. The company operates a portfolio of named industrial parks and commercial developments across key U.S. markets, including Clarius Park Hardeeville (Port of Savannah), Clarius Park Inland Port Greer, 303 Crossroads, Lakin Park, Clarius Park Joliet, and Clarius Park Morris. Their service offerings span the entire real estate development lifecycle including investment management, development, construction management, property management, and asset management. Projects range from large-scale master-planned industrial campuses (often exceeding 500,000+ SF) to specialized medical facilities and creative office conversions. The company manages development budgets exceeding $1.8 billion across projects in Arizona, Illinois, South Carolina, North Carolina, Pennsylvania, Texas, Utah, and California.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Management Services Comprehensive consulting, repositioning, investment management, and fund and joint venture structuring for office, medical, industrial, and land development projects, provided on behalf of principals, third-party investors, and owners.
• Development and Construction Management Full-service development including land acquisition, due diligence, entitlement, design oversight, vertical and infrastructure construction management, marketing, and leasing management for build-to-suit and speculative projects.
• Property and Asset Management Property management oversight, asset management, loan structuring, restructuring and administration, property accounting, and LEED certified professional services for owned and third-party assets.
• Clarius Park Hardeeville (Port of Savannah) 220-acre master-planned industrial campus in Hardeeville, SC developed with Peakline Partners, with capacity for up to 2.7M SF across 6 buildings featuring rear-load and cross-dock configurations with direct access to the Port of Savannah.
• 303 Crossroads 2-building, 98.6-acre master-planned industrial park with over 1.75 Million SF capacity in Glendale, AZ. Building A (1,023,610 SF) leased to Puma North America; Building B (734,800 SF) leased to Scotts Miracle-Gro. Site construction commenced in 2021.
• Lakin Park 7-building, 353-acre master-planned industrial park in Goodyear, AZ with up to 4.5 Million SF capacity, including Building 1A (730,339 SF) leased to Cornerstone/QVC and Building 1B (530,307 SF) leased to GTI Energy.
• Clarius Park Joliet Major industrial development in Joliet, IL featuring multiple buildings including the Lion Electric facility (906,517 SF with over 100,000 SF of office improvements) and Highway Transport truck maintenance facility (17,765 SF). Includes a 1,001,184 SF build-to-suit facility leased to Whirlpool.
• Clarius Park Morris Over 620 acres available for development in Morris, IL, designated for high-impact industrial/data center use with CSX rail available and heavy power (Gigawatt capable, 345kV).
• Clarius Park Inland Port Greer 3-building master-planned campus near Greenville, SC with 1,537,130 SF total capacity, located less than 2 miles from Inland Port Greer with direct rail and interstate access. Tenants include Ulta and Bonded Logistics (Building B3, 607,160 SF, completed 2023).
• The Hub at Chandler 76-acre creative office campus conversion in Chandler, AZ featuring 295,000 SF of office space with 20′ clear height, 1.5 MW power, and 2 MW diesel generator. Sold to Insight Enterprises as worldwide headquarters in 2019.
• University Park Logistics Center 970,123 SF joint venture development with Hillwood in University Park, IL featuring 40′ clear height, cross-dock configuration, and 162 dock positions.
• Airpark 130 103-acre master-planned industrial park in Austin, TX with 6 buildings totaling 982,700 SF. Phase I delivers Q3-2025 with buildings ranging from 124,920 SF to 172,360 SF.
• Clarius Trumpet Park 670,939 SF industrial park in Zion, IL with 3 buildings featuring cross-dock and rear-load configurations and TIF + EDGE + Enterprise Zone incentives.
• Cigna Medical Group 90,300 SF build-to-suit state-of-the-art medical office building occupied by Cigna Medical Group in Phoenix, AZ, completed in 2012.
• OASIS Hospital 93,641 SF build-to-suit hospital facility occupied by OASIS Hospital in Phoenix, AZ, completed January 2011.

Named customers17 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Peakline PartnerscoreStrategic or Co-development PartnerDevelopment partner for the 220-acre Clarius Park Hardeeville master planned industrial campus near the Port of Savannah.
• Stonemont Financial GroupcoreStrategic or Co-development PartnerCo-development partner for the Omni Industrial Campus project in South Carolina, including Lot 1 development.
• HillwoodcoreStrategic or Co-development PartnerJoint venture development partner for the University Park Logistics Center (970,123 SF) in Illinois.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Panattoni Development Company: Largest privately held industrial real estate developer in the U.S., executing speculative and build-to-suit logistics, warehouse, and manufacturing projects across the same Sun Belt and Midwest markets where Clarius operates. Closest comparable on business model—fee + co-investment, project-by-project capital partner deployment, and build-to-suit tenant relationships.
• Hillwood: Perot-family-owned real estate developer with deep industrial/logistics expertise and existing JV relationship with Clarius at University Park. Compares directly on industrial park master-planning, alliance-driven capital structure, and multi-state portfolio approach.
• Trammell Crow Company: Major commercial real estate developer (now part of CBRE) executing build-to-suit office, industrial, and healthcare projects for institutional investors and corporate users nationally. Closely aligned with Clarius on full-service development capabilities, tenant relationships, and institutional capital partner model.
• Rockefeller Group: Privately held real estate development and investment firm developing office, industrial, residential, and mixed-use projects. Comparable as a developer/investor targeting institutional capital partners, with similar vertical integration from acquisition through asset management.
• Ryan Companies: National real estate developer and builder delivering industrial, office, healthcare, and mixed-use projects for institutional clients. Closely parallels Clarius's integrated development + construction management model and tenant base across logistics and healthcare.
• McShane Construction Company: National construction and real estate development firm with strong industrial, office, and healthcare build-to-suit practice. Comparable on full-service development + construction management delivery for enterprise tenants across similar geographies.
• Catellus Development Corporation: Now part of Prologis but historically an independent land/industrial developer where Clarius co-founder Kevin Matzke was SVP. Direct historical lineage to Clarius's industrial development operating model and tenant relationships.

Broad incumbents

• Prologis: Largest global industrial REIT with permanent capital, owning and developing logistics facilities globally. Comparable category (industrial development for enterprise tenants), but vastly larger scale, balance-sheet-funded, and competes directly for the same logistics build-to-suit mandates Clarius pursues.
• Duke Realty (now Prologis): Pre-merger Duke was a major U.S. industrial REIT and developer of bulk logistics facilities. Comparable product (industrial build-to-suit and speculative), though operates with permanent capital and public-market scale well beyond Clarius's project-funded model.
• Terreno Realty: Industrial REIT focused on infill warehouse/distribution in major U.S. coastal markets. Overlaps with Clarius's tenant-driven logistics focus but competes via acquisition and development with a permanent balance sheet rather than third-party capital partner model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/clariuspartners
• LinkedInlinkedin.com/company/clarius-partners-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clarius Partners