Clay Mote and Charlotte W. Cooper with Dallas-based Venture Commercial Real Estate represented Northern Tool + Equipment in two separate transactions involving the sale of retail buildings in Tennessee and Minnesota.
Northern Tool + Equipment is the tenant in both buildings and will continue to operate stores at these locations. Mote is master broker for Northern Tool in all U.S. markets.
The Tennessee transaction is the sale of a 24,000-square-foot, free-standing retail building located on four acres at 422 Marketplace Boulevard in Johnson City.
The Minnesota transaction is the sale of a 23,184-square-foot, free-standing retail building located on 1.7 acres at 20850 Rogers Drive in Rogers.
In both transactions, the buyer, Realty Income Corporation, was self-represented. Financial terms were not disclosed.
About Venture Commercial
Venture Commercial Real Estate is a leader in retail brokerage services throughout the Southwest and is dedicated 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. Venture also provides strategic market planning and site selection for restaurant and entertainment clients through its Venturetainment team. Venture is the D-FW partner of X Team International, a network of retail real estate advisors with expertise across the U.S., Canada and Europe. For more information, visit venturedfw.com.