News - Northpond Partners

Northpond Partners launches $200 million core-plus investment partnership targeting unanchored neighborhood retail centers

Northpond Partners (“Northpond”), a Chicago-based real estate investor and operator, has partnered with a prominent southeast U.S. pension fund, forming Northpond Retail Partners, a $200 million evergreen investment vehicle.

Northpond buys historic Charlotte mill in Optimist Park

Chicago-based Northpond Partners has made its third investment in Charlotte with the purchase of Chadbourn Mill.

Raleigh vegan restaurant joining new food concepts at reshaped plaza

Three food concepts are coming to a Raleigh retail center as a group of industry veterans team up.

Raleigh clears new downtown towers up to 20, 40 stories with living, retail and office space

Downtown Raleigh is going to keep growing with the recent approval of new projects up to 20 and 40 stories in height.

More towers planned for Hillsborough Street

More energy is coming to Hillsborough Street with rezoning requests for taller buildings being approved, one for 20 stories and another for 40 stories as the main artery into downtown Raleigh continues to be transformed.

Raleigh retail center trades for $31M as Chicago investor stays active

Northpond Partners of Chicago has bought more property in the city, this time five lots at Falls River Town Center for a combined $31.5 million.

Naperville shopping center fetches $52 million

Chicago investment firm on track to add even more life to historic rail station on the Southside

Bridger Properties and Northpond Partners Acquire Marietta Station

Marietta mixed-use positioned for ‘activation’ under new ownership.

Firms buy site of downtown Raleigh school near upcoming towers

Loden Properties and Northpond Partners have once again teamed up to buy a prime Triangle property, this time in the heart of downtown Raleigh.

Cary’s oldest mall sold; investors eye redevelopment

Chicago firm Northpond Partners and Raleigh-based Loden Properties teamed up to pay $38.4 million for the South Hills Mall and Plaza in Cary. It’s the pair’s latest in a string of recent investments in the area.

Chattanooga Choo Choo terminal building sold

Northpond Partners, an investment firm that specializes in commercial real estate projects in historic and redeveloping parts of U.S. cities, has purchased the Terminal Station that was built by the Southern Railway in 1909 and served as an entryway to Chattanooga for rail passengers for nearly a century.

Northpond acquires Packard Place

Northpond Partners recently announced it has acquired Packard Place in Charlotte, North Carolina. The mixed-use building totals 95,128 square feet and is centrally located at 222 South Church Street in downtown Charlotte, which is home to retail and office tenants including Ink N Ivy, Not Just Coffee, Arts & Science Council, and Insight Enterprises.

Downtown Chapel Hill hotel project likely nixed after Raleigh ﬁrm buys site

Plans for a new hotel in downtown Chapel Hill appear to have fallen through as a new ownership group has acquired the property with future plans for the site yet to be determined.

Developers team up for 3-story project in Glenwood South after $5M buy

A pair of developers are teaming up yet again on a project in the Triangle, this time with plans to convert a century-old building in Raleigh’s Glenwood South into a mixed-use development.

New vision calls for Raleigh retail center to become a mixed-use destination

The Gateway Plaza project will be Northpond’s 12th investment in the Triangle. Most recently, the company repositioned and sold the historic Creamery property in downtown Raleigh. New York-based Turnbridge Equities paid $34.7 million for the property in late March.

Sold: Historic building on Glenwood in downtown Raleigh part of $34 million deal

New York City-based Turnbridge Equities paid $34.7 million for the nearly-century-old Creamery building and two adjacent parcels in downtown Raleigh’s Glenwood South neighborhood earlier this week. The seller was Chicago-based Northpond Partners.

Historic Latta Arcade property in uptown bought by Chicago real estate firm

Chicago-based Northpond Partners last week acquired the two-story building, which serves as a home to several retailers, for $7.5 million

Calhoun Square may get cut in half by new owner

Northpond Partners, the Chicago real estate firm that bought Uptown’s Calhoun Square last fall, is considering a significant renovation that would slice the high-profile property in half and create an open-air pedestrian walkway through its midsection.

Chicago investment firm buys Calhoun Square for $34.5 million and plans to make changes

“We are super cognizant and understand that Calhoun Square has not been working,” Ankin said, in an interview Thursday morning. “We really believe that’s not because of the location or the neighborhood. That’s because of the mix of the building and the wrong tenants.”

WakeMed set to take over Post Office building in Cameron Village

WakeMed announced Tuesday that it would be redeveloping the mid-century building at 505 Oberlin Road into a medical office building.

Paster Properties, Northpond Partners acquire pair of buildings in Minneapolis

St. Louis Park, Minnesota-based Paster Properties has partnered with Chicago-based Northpond Partners to acquire The Broadway in Northeast Minneapolis and Icehouse Plaza in South Minneapolis. The purchase closed Dec. 19.

Northpond’s Founder & Managing Principal Sam Ankin has been named “4 Under 40” by the International Council of Shopping Centers

In every generation there are those who strive to make a difference. And surely, the retail real estate industry teems with opportunities for talented people. The recipients of ICSC’s third annual 4 Under 40 Awards can be said to have embraced the possibilities with gusto. This year’s honorees are Sam Ankin, co-founder and a managing principal of Northpond Partners . . .

Day Care Building On Damen Sells For $5.1M; Retail Or Restaurant Planned

“The highly competitive sale had more than 20 offers and the seller chose Northpond Partners since its proposed redevelopment will utilize the existing structure. The new owner plans an adaptive re-use of the distinctive property which was built in 1904,”