2025 Power 100: Christopher Egan
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Christopher Egan, president of Carruth Capital
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The son of one of EMC Corp.’s founders, Egan formed Carruth Capital with his brother Michael in 1991. He hasn’t looked back since, assembling one of, if not the, the largest portfolios of corporate real estate in Central Massachusetts.
The firm is responsible for more than 3 million square feet of space, with more than 220 tenants occupying 40 commercial buildings. With a focus on MetroWest, it’s impossible to take even a short drive down Route 9 without passing several Carruth-owned properties.
Even in the age of work-from-home, Egan led Carruth toward delivering 350,000 square feet of office and industrial space in 2024. He then started 2025 on a big note with the sale of 165,000 square feet of first-class offices to TJX Cos. in Framingham, allowing the retail giant to expand its corporate campus in the process.
The massive size of Carruth’s holdings allows Egan to not sweat sudden bad news, like when it was discovered in March that Elon Musk’s Department of Government Efficiency had canceled a lease for an office in one of his buildings for space used by The United States Geological Survey. A longtime donor to Republican politicians, Egan took the news in stride, simply telling WBJ: “We’ve been DOGE-ed.”
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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