In 1999, a group of corporate executives saw an
opportunity in the market place. During the previous decades, these
executives were instrumental in the national expansion of successful
retail concepts, facilitating the development of hundreds of new sites
in North America. They experienced first-hand the challenges of retail
real estate development in a variety of markets and on a variety of scales.
This team founded NovaSource to satisfy two critical
needs in the market place. First, many retail concepts have a desire
to spread and deepen their market penetration, but lack the wherewithal
to bring those development capabilities in-house. Second,
scarcity of land makes it increasing difficult to find the right
pad or parcel in the right location at an affordable price.
NovaSource is structured to deliver all the capabilities
of an expert in-house team. Its founders sought out and attracted
some of the best and brightest development talent from a variety of
retail concepts, and established regional teams that are small in number,
possess complimentary skills, and subscribe to a common working approach.
This allowed NovaSource to provide expert development capabilities
to retail concepts on an outsourced basis.
NovaSource possesses the financial strength, the
relationships, and the know-how to manufacture retail opportunities
and pad sites in good retail corridors. While working with multiple
concepts in our core markets, we seek out larger parcels of
land in great retail corridors that will work for multiple clients. This
approach and our expertise allows us to assemble larger developments and create
pad sites that wouldn't otherwise be available. We use this approach to
generate cost-savings that we can pass along to our clients and tenants.
Today, NovaSource works with promising retail concepts,
top-notch retail brokers, and first-class investors, consultants, and
contractors. We deliver innovative solutions to the retail real estate