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History

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 marketplace.

The Word On The Street

"Developing a new site traditionally involves site selection, contract negotiation, due diligence, engineering and permitting, construction and an operational transition period. Along the way, operators are forced to deal with real estate brokers, lawyers, consultants, engineers, and contractors. NovaSource cuts through all that, allowing operators to select a site and then concentrate on existing operations while NovaSource employees execute the new facility transaction from start to finish."

—NOLNews

 


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