Strategy

Value Creation from the ground up

Increase Rentable Square Footage   Development/Redevelopment

Market-to-Market Rental Rates      Existing & New Tenants

Quality Shift the Asset Physical & Operational Improvements

Activate “place” Investment & Strategy beyond the envelope

Satisfying Everyday Needs

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.

TARGETED INDUSTRY CATEGORIES:

Grocery, pharmacy, fast casual and quick serve restaurants, coffee, fitness, medical, health and beauty, pet stores, e-tailers, and entertainment.

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.