Northpond strives to deliver the right value, convenience, variety and experience with the right mix of national and local tenants to meet today’s consumer demand. We have a strong bias towards investing in properties with tenants that provide daily goods and services, typically more resilient against online competition and durability across economic cycles.
Satisfying Everyday Needs
Permanent Locations + Below Replacement Cost
Northpond targets small to mid-cap properties (under $30M gross asset value and less than 100,000 SF) in both urban and suburban markets with high barriers to entry. We seek older underperforming properties with repositioning / redevelopment potential. These properties typically have a mismatch between physical and economic occupancy. Primary markets include the metropolitan areas of Chicago, Minneapolis-St. Paul, Raleigh, Durham, Charlotte and other markets identified domestically with similar characteristics.