DALLAS-The Retail Connection LP and N3 Development Ltd. haveformed an exclusive alliance to build a portfolio of pad-siteprojects for clients planning multi-channel rollouts. Ifprojections are on target, at least one dozen projects will beunder way within the first year.

Fort Worth-based N3 Development, a subsidiary of UnitedDevelopment Co. in the Netherlands, is better known in the area asthe Starbucks guys. And, the development group is no stranger toDallas-based Retail Connection, which has previously wed tenants toan N3 project in the states. “We're hoping our joint tenants willlook to our venture as a preferred developer,” William W. McGuire,CEO of N3 Development, tells GlobeSt.com. United Development boughtN3 in July as its inroad into the US.

Aside from Starbucks, N3 has developed some Chase Banks due toits long-standing relationship with the Retail Connection. “We wantto develop similar relationships with other tenants and that's whatwe're looking for in this JV,” McGuire says.