
CenterSquare Investment Management announced the close of a new $50 million co-investment vehicle with global investment and wealth management firm ESAS that will focus on investments in CenterSquare’s Essential Service Industrial strategy, a niche within small-bay industrial.
CenterSquare’s co-investment vehicle will focus on small-bay, multi-tenant industrial product in densely populated infill areas. The move represents the second transaction between ESAS and CenterSquare. ESAS first invested with CenterSquare in January 2025 through a Strategic Capital investment in Aligned Data Centers, which announced an agreement of sale in late 2025 that is expected to be realized later this year.
“We have strong conviction in essential service industrial and value the opportunity to work with like-minded investors who also see the potential in select niche sector,” said Jeffrey Reder, Managing Director, Private Real Estate, said Jeffrey Reder, Managing Director, Private Real Estate.
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