Chicago-based real estate investor and operator, Northpond Partners, has joined forces with a southeast U.S. pension fund to create Northpond Retail Partners – a $200 million evergreen investment vehicle. The partnership will focus on acquiring unanchored neighborhood retail centers in the Southeast and select Sunbelt markets.
With an emphasis on convenience, necessity, and service-oriented tenants such as F&B establishments, medical facilities, fitness centers, and health & beauty businesses; the partnership plans to use all-cash transactions for their acquisitions. Target properties will consist of multi-tenant spaces ranging from 1
