CenterSquare Investment Management, a global investment manager focused on actively managed real asset strategies, has 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 (ESI) strategy, a niche within small-bay industrial.
CenterSquare defines ESI as small-bay (less than 10,000 square feet), multi-tenant industrial product in densely populated infill areas. Tenants are typically local businesses, such as HVAC technicians, plumbers, contractors and others who require this space to provide essential services to their communities. The co-investment vehicle will be a 50/50 investment alongside the latest vintage of CenterSquare’s value-added strategy.
This co-investment vehicle for ESI represents the second transaction between ESAS and CenterSquare. ESAS first invested with CenterSquare in January 2025 through a strategic capi
