Value Add Strategy

Northpond employs a bottom-up approach to identify and acquire unique, well-located properties that are both undermanaged and underutilized. We identify multiple value creation levers to drive NOI and create institutional quality assets.

Value Add Strategy

Investment Locations

Value Add Strategy

Investment Locations

Our portfolio of value add strategy investments spans across the country, with a primary focus on MSAs in the Midwest and Southeast.

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Strategy in Action

Representative Investments

1400 Market Street | Chattanooga, TN

Chattanooga Choo Choo

This historic mixed-use asset is located in the growing Southside neighborhood of Chattanooga. The Choo Choo is part of a campus composed of Glen Miller Gardens, Dome Building, and Hotel & Convention Center.

Status: Active

Total SF: 42,000

Acquisition Date: July 2021

Neighborhood: Southside

Notable Tenants: STIR, Wanderlinger, Comedy Catch, Nic & Norman’s

1 Page Ave | Asheville, NC

Grove Arcade

Grove Arcade is an iconic mixed use building that occupies an entire city block in the heart of downtown Asheville. Originally developed in the 1920s and redeveloped in 2003, the approximately 250,000 square foot historically landmarked building consists of retail, restaurants, office and high end residential.

Status: Active

Total SF: 250,000

Acquisition Date: July 2018

Neighborhood: Downtown Asheville

Notable Tenants: Battery Park Book Exchange & Champagne Bar, Modesto, Carmel’s Kitchen & Bar, Wedge Brewery, Huli Sue’s BBQ and Grill, Spicewalla

2800 Walnut Street | Denver, CO

2800 Walnut

Adaptive mixed-use project in Denver, Colorado’s popular and quickly growing RiNo neighborhood. The property is 73% occupied and includes both retail and office tenancy.

Status: Active

Total SF: 47,000

Acquisition Date: October 2024

Neighborhood: RiNo

Notable Tenants: REV’IT!, Parsyl, Artisan Rug Gallery

2411 Crabtree Blvd | Raleigh, NC

Gateway Plaza

Gateway Plaza is a redeveloped retail and creative office project that encompasses over 75,000 square feet on the edge of downtown Raleigh. The former Winn-Dixie anchored shopping center has been heavily redeveloped into a destination for the immediately surrounding residential neighborhoods and beyond.

Status: Active

Total SF: 75,000

Acquisition Date: April 2020

Neighborhood: Woodcrest

Notable Tenants: Union Special, Raleigh Founded, Mala Pata & Fiction Kitchen, Escazu Chocolates, Dogwood Country Club, Natural Science Bar

8-152 W. Gartner Road | Naperville, IL

Naperville Plaza

Naperville Plaza is located one mile south of downtown Naperville, densely populated and affluent suburb in western Chicago. The property is anchored by two grocery concepts – Trader Joe’s and Casey’s Foods – and junior anchor Oswald’s Pharmacy, with the rest of the tenancy made up of national, local and regional operators.

Status: Realized

Total SF: 115,000

Acquisition Date: December 2020

Neighborhood: Naperville

Notable Tenants: Trader Joe’s, Casey’s Foods, Oswald’s Pharmacy, Kriser’s Natural Pet, Great Harvest Bread Co., Orange Theory Fitness

68 N Marietta Pkwy NW | Marietta, GA

Marietta Station

Nestled in Marietta’s Central Business District, steps away from iconic Marietta Square, Marietta Station is an assemblage of historic, mixed-use buildings totaling 96,544 SF – and includes four office buildings, fully occupied street-front retail, a food hall, several parking lots, and further densification opportunity.

Status: Active

Total SF: 97,000

Acquisition Date: January 2022

Neighborhood: Downtown Marietta

Notable Tenants: Jeni’s Splendid Ice Cream, Gianni & Mac’s Ristorante, Woody’s CheeseSteaks, Contrast Artisan Ales, Spring Restaurant

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Interested in learning more about our Value Add Strategy? For more information, please contact us via the form on our Contact page.