CenterSquare Investment Management invests $158m in IQHQ
CenterSquare Investment Management has made a $158 million equity investment in IQHQ, a premier life-sciences real estate development company.
CenterSquare participated in the $1.7 billion funding round of new equity to support expansion of the company’s growing portfolio of properties in premier life sciences markets including Boston, San Francisco and San Diego. IQHQ will use the funds to pursue its development pipeline that includes an anticipated 4.4 million square feet of cutting-edge projects.
“The strength of our conviction in the life sciences sector is only matched by our confidence in IQHQ’s ability to meet the highly specialized demand for real estate in this exciting and rapidly expanding asset class,” said Todd Briddell, CEO and CIO of CenterSquare. “This management team has executed on a highly scalable vision that continues to deliver state-of-the-art office, lab and R&D space for premier tenants who are focused on critical innovations that