Harrison Street Social Infrastructure Fund, an open-end fund focused on highly structured investments that primarily serve universities, health systems and government users, has acquired ISQ CoolCo (CoolCo), the exclusive provider of chilled water to the central business district (CBD) of downtown Cincinnati from I Squared Capital.
Launched in 1997, CoolCo provides more than 10,000 tons of chilled water for air conditioning and cooling needs to a wide range of commercial office buildings, retail, hotel, institutional facilities and government buildings in the Cincinnati CBD, including Paul Brown Stadium — the home of the NFL’s Cincinnati Bengals — as well as Duke Energy Convention Center. CoolCo, which has a franchise agreement with Cincinnati, operates two state-of-the-art facilities, including seven chillers with a 99.999 percent reliability rate, with a total cooling potential of 18,600 tons.
District energy services, such as CoolCo, allow for lower constructi
