CenterSquare has formed a joint venture partnership with one of the country’s largest state pension funds. The joint venture focuses on institutionalizing the niche essential service retail (ESR) sector and seeks to acquire 30 to 40 properties by late 2026.
CenterSquare’s ESR strategy invests in ecommerce-resistant, high-quality service retail properties that meet specific investment criteria at attractive pricing. Utilizing a data-driven approach, CenterSquare’s ESR team identifies and invests in neighborhood shopping centers located in high-growth markets. These centers offer essential services, including food and beverage, fitness, beauty, health and medical, and business services to the public. ESR tenants are re
