Business Specialties Development
N3 Launches Big Box Initiative
May 7, 2008
By: Thomas Peretti, Contributing Correspondent

N3 Real Estate has announced its entry into the big box development field.

On the heels of its announcement of a $1 billion development fund, N3 is poised to expand upon its current small pad retail development services. The firm has named Jim Shindler, formerly of Hunt Properties, development partner for big box development. Shindler has previously worked with companies such as Target, Home Depot and Safeway on earlier retail development projects.

“Jim Shindler is highly regarded by many of the big box tenants,” N3 CEO William McGuire told CPN. “Jim brings long-standing relationships in the big box tenant arena.”

N3 also has announced additions to its corporate leadership structure. Brenna Wadleigh will be assuming the role of president, having previously served as vice president of strategic planning at Crescent Real Estate Equities Co. She will be oversee management of both N3 and the newly established fund, which will acquire and develop leases for retailers in the Sunbelt region for the next nine years.

Jason Keen, founder and managing partner of N3, indicated in a release that having the capital from the fund in place will allow the firm to expand on their current business and to develop new relationships with larger clients. McGuire added, “N3 will stay true to its roots of pad and small shop retail.”

Fort Worth, Texas-based N3 provides strategic development and construction for its client base. The company currently works extensively with retailers like Starbucks Coffee and Chase Bank. The firm recently entered into a $1 billion fund with Dutch companies United Investment Co. and SNS Property Finance International.

 
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