CenterSquare Investment Management invests $80m in Lineage Logistics
CenterSquare Investment Management has made an $80 million equity investment in Lineage Logistics, a temperature-controlled industrial REIT and logistics-solutions provider.
CenterSquare participated in a funding round totaling $1.6 billion in new equity to drive growth and support further investment in technology and automation. The company intends to use the funds to pursue acquisitions and organic expansions to deliver additional value to its food supply-chain customers around the globe.
“Our investment in Lineage represents a rare opportunity to support not only a market leader poised for significant growth, but also a management team with an impressive track record of innovation,” said Todd Briddell, CEO and CIO of CenterSquare. “The temperature-controlled logistics sector is experiencing substantial tailwinds and Lineage has effectively harnessed these secular dynamics and delivered on a business model that is aptly focused on accretive expansion, relentles