JLL Capital Markets brokered the sale of the N3 DFW Strip, a five-property retail portfolio across key Dallas-Fort Worth markets.
JLL represented the seller, N3 Real Estate. The buyer was Curbline Properties.
The portfolio comprises five retail strip centers strategically positioned in Flower Mound, Hudson Oaks, Southlake, Red Oak and Waco. The properties benefit from placement within rapidly growing suburban markets that offer strong connectivity advantages and favorable demographic growth trajectories crucial for retail success.
The Dallas-Fort Worth metroplex continues to demonstrate robust economic growth, with expanding populations and strong consumer spending supporting retail fundamentals. The region’s diversified economy, major transportation infrastructure and favorable business climate make it one of the country’s most sought-after markets for retail investment.
The portfolio provides investors with stable cash flow supported by a diversified tenant mix, substantial upside potential through lease-up and mark-to-market opportunities, and strategic positioning in high-growth Texas markets.
With limited portfolio opportunities available in the unanchored strip center space, the transaction process reflects intense competitive bidding from institutional capital seeking acquisition opportunities at scale.
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director Adam Howells and Director Erin Lazarus.
