October 13, 2026 – CenterSquare is pleased to announce the acquisition of 1000 Pressley Road, a two-building, 61,252 square foot Essential Service Industrial property, located in the Tyvola Road submarket of Charlotte, NC. The property was acquired on behalf of a Midwest public fund investor.
The property offers masonry construction, suites averaging approximately 7,650 square feet, 18’ clear heights, with a mix of grade-level loading and drive-in doors. The property is in an infill submarket of Charlotte, in direct proximity to the fast-growing South End and minutes away from major thoroughfares. The business plan focuses on implementing a hands-on property and asset management approach, leasing the existing vacancies, and holding the asset long-term in a highly infill and strategic location.
This transaction is CenterSquare’s first Essential Service Industrial acquisition in the Charlotte MSA, bringing our total ESI portfolio to nearly 3 million square feet. Charlotte is one of CenterSquare’s key target markets, demonstrated by the firm’s strong current ownership presence in the metro across all three of our verticals – retail, rental housing and industrial. The investment represents the expansion of an existing Separately Managed Account relationship with a core plus risk profile focused on building an enduring, high-quality portfolio of properties in strong growth markets that generate cash flow and appreciate over time.
“As the first Essential Service Industrial acquisition in the Charlotte MSA, 1000 Pressley Road represents the expansion of our existing investment footprint in this strong demographic market,” said Frank Dalicandro of CenterSquare’s Private Real Estate Team. “For this investor’s SMA, the transaction demonstrates our continued ability to diversify their portfolio through the strength of our well-established platform.”
