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CenterSquare Expands into PNW and Acquires Seattle Property

CenterSquare Investment Management, a real asset manager focused on listed real estate, and private real estate equity and debt investments, has expanded its Essential Service Retail (ESR) strategy into the Pacific Northwest.

The company recently acquired The Farm at Mill Creek, a 38,112-square-foot service property located in Mill Creek, Washington, a Seattle submarket. Located within a newly constructed master-planned community with more than 500 multi-family units, The Farm at Mill Creek has the highest combination of three-mile demographics within CenterSquare’s ESR portfolio, boasting a population of 115,000 and an average income of $147,000.

All of the property’s tenants are multi-location operators, including Amazon Go, Carbon Health, Xfinity, and Pure Barre. The Property is located on the highly trafficked 132nd Street SE, which serves as a major thoroughfare, connecting Mill Creek residents to Interstate 5 and downtown Seattle. This is CenterSquare’s 34th ESR acquisition nationally and its first in the Seattle market.


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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.