Venture completes two Northern Tool & Equipment leases

Oct 22, 2015

Leases total 39,298 square feet and are located in two different regions of U.S. 

X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S. and Canada, announced today that Dallas-Fort Worth-based partner Venture Commercial has completed two leases on behalf of Northern Tool + Equipment in White Bear Lake, Minnesota in the White Bear Marketplace, and in Live Oak, Texas in The Village at Forum Parkway Shopping Center. Clay Mote of Venture Commercial, who is the master broker for Northern Tool + Equipment, made the announcement.

Mote of Venture Commercial negotiated both deals on behalf of the retailer. Ted Gonsior of Welsh Companies, an X Team International partner based in Minneapolis-Saint Paul, represented the landlord in White Bear Lake, while by David Nicolson of The Weitzman Group, Inc., represented the landlord in Live Oak. 

“As master broker for Northern Tool + Equipment, I could not be more proud to provide support to the company as they successfully continue their expansion,” said Mote. “These two, geographically dispersed locations speaks to their growth strategy. With their expansive inventory of products that appeal to a such a large segment of the population, coupled with the highly trafficked locations of the White Bear Marketplace and The Village at Forum Parkway Shopping Center, I am positive that they will continue to thrive not only in these new locations, but across the 19 states where they currently operate.” 

Both located along highly trafficked Interstates, The White Bear Marketplace is located at 3201 White Bear Avenue by Interstate 694, while The Village at Forum Parkway Shopping Center is located at 14619 Interstate 35 North. They are the newest additions to Northern Tool + Equipment’s portfolio of 90 locations.

Since opening its first store in 1981, Northern Tool + Equipment has been bringing customers quality products to help tackle any job. Northern Tool offers a widespread line of products that appeal to industrial sized companies, small shops and do-it-yourselfers. Major segments that Northern Tool services include trades such as automotive, agriculture and construction, along with consumers with interests such as woodworking, hunting, fishing and home improvement.

About X Team 

X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net. 

About Venture Commercial Real Estate

Venture Commercial Real Estate, celebrating 15 years, is recognized as a leader in retail brokerage services throughout the Southeast for its dedication to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and investment sales. For more information visit www.venturedfw.com. 

About Northern Tool + Equipment

Based in Burnsville, Minn., Northern Tool + Equipment offers a wide selection of products from consumer goods to industrial and construction equipment to do-it-yourselfers, contractors and professional shops. For more information, please visit www.northerntool.com.