N3 shops St. Ives’ portfolio in Texas

TEXAS – N3 Real Estate has paid Dallas-based St. Ives Realty $25 million for its Texas retail portfolio, consisting of eight properties totaling 172,329 sf.

All properties are located next to Walmart Supercenters in Alamo, Dumas, Hereford, Weatherford, Red Oak and Sweetwater. Tenants include Verizon, GameStop, Dollar Tree, Rent-a-Center and Beall’s.

N3 used its $250 million Retail Development Investment Fund to finance the transaction.