Venture and SRSA complete 20,023 SF lease on behalf of Northern Tool + Equipment
Feb 5, 2016
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 that partners Venture Commercial Real Estate and SRSA Commercial Real Estate completed a 20,023-square-foot lease for Northern Tool + Equipment in Houma, La., at the Houma Power Center. Clay Mote, the master broker for Northern Tool + Equipment and partner of Venture Commercial Real Estate, made the announcement.
Mote and Kirsten Early of SRSA Commercial represented Northern Tool + Equipment. Austin Lavin of Corporate Realty represented the landlord, Andrew Associates, LLC.
“Having more than 90 locations, Northern Tool continues their substantial market growth and I am proud to represent their expansion with the addition of a second location in Louisiana,” said Mote. “Working with SRSA Commercial, X Team’s Louisiana partner, was beneficial to gain market insight to strategically place Northern Tool at an ideal location.”
This location will be Northern Tool + Equipment’s second in Louisiana, and will join a strong tenant mix including, Old Navy, Burkes Outlet, Shoe Carnival and Pier 1 Imports at the Houma Power Center located between Martin Luther King Boulevard and W Main Street.
“The Houma Power Center is home to a strong tenant mix and located at a highly visible intersection,” said Early. “We are confident Northern Tool is a great addition to the mix and will thrive at this location.”
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 SRSA Commercial Real Estate
Founded in 1991, SRSA Commercial Real Estate has 25 years as a leading commercial real estate company serving the Gulf South in sales, leasing, development and consulting. The company is dedicated to create value for each client. For more information visit www.srsa-realestate.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.