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 Essential Service Industrial as small-bay (less than 10,000 square feet), multitenant 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 Essential Service Industrial represents the second transaction between ESAS and CenterSquare. ESAS first invested with CenterSq
