CenterSquare Announces $50M Co-Investment Vehicle with ESAS
CenterSquare Investment Management has announced the closing of a new $50 million co-investment vehicle formed in partnership with global investment and wealth management firm ESAS. The fund will target investments in CenterSquare’s Essential Service Industrial strategy, a niche segment within small-bay industrial real estate.
The co-investment vehicle will focus on small-bay, multi-tenant industrial properties located in densely populated infill markets. This new initiative marks the second collaboration between CenterSquare and ESAS. Their partnership began in January 2025, when ESAS made a strategic capital investment in Aligned Data Centers. That venture led to an agreement of sale in late 2025, which is anticipated to close later this year.
“We have strong conviction in essential service industrial and value the opportunity to work with like-minded investors who also see the potential in select niche sectors,” said Jeffrey Reder, Managing Director, Private Real Estate at CenterSquare.
In other industry news, Connect CRE is now accepting nominations for its ninth annual awards recognizing the top commercial real estate investment sales and leasing brokers. Submissions will be judged based on achievements over the past year.
This announcement highlights growing investor interest in small-bay industrial spaces, which are viewed as critical to supporting a range of essential services in urban areas.
