Dallas-based Venture Commercial Real Estate has completed several leases and land transactions on behalf of Northern Tool + Equipment to secure five new store locations in Katy, TX; Glen Allen, VA; Little Rock, AR; Mobile, AL; and Fort Myers, FL.
Clay Mote with Venture Commercial is master broker for Northern Tool in all markets across the U.S. and is assisting the retailer with its aggressive growth strategy.
The following leases and transactions have been completed in recent months, totaling 90,000 square feet of retail space:
Northern Tool leased an 18,000 square-foot space in the Katy Ranch Crossing shopping center, located at the southeast corner of Interstate 10 West and Katy Fort Bend Road in Katy, Texas. The store opened in November. Mote represented Northern Tool, along with Jason Baker of Baker Katz, LLC, a Houston X Team partner. Lily Golden with Evergreen Commercial Realty represented the landlord, EHAJ, Ltd.
Northern Tool has signed a build-to-suit lease to open an 18,000 square-foot store at 9901 West Broad Street in Glen Allen, Virginia. The store is under construction and is expected to open in April. Mote represented Northern Tool along with Nathan A. Shor of S.L. Nusbaum Realty Co., a Virginia X Team partner. The developer, Hutton Team, LLC was self-represented.
Northern Tool has acquired a 2.9-acre land tract from a developer that will build an 18,000 square-foot store at 10010 Interstate 30 in Little Rock, Arkansas. Mote, along with Charlotte Cooper of Venture, represented Northern Tool in the transaction. Mark Bingman with Rector Phillips Morse, Inc. represented the seller, a group of private investors.
Northern Tool acquired 2.7 acres from a developer that will build an 18,000 square-foot store at the northwest quadrant of Interstate 65 and Government Boulevard in Mobile, Alabama. Mote represented Northern Tool in the transaction, while Tim Herrington with Herrington Realty, Inc. represented the seller, 3400 Government, LLP.
Northern Tool acquired 2.7 acres from a developer that will build an 18,000 square-foot store at the northeast quadrant of Interstate 75 and Alico Road in Fort Myers, Florida. Mote represented Northern Tool, while William Rollins with Land Solutions, Inc., represented the seller, SLF IV – FL Bonita Alico, LLC.
Northern Tool + Equipment is a leading supplier of high-quality tools and equipment owned and operated for over 30 years by the Kotula family. Northern Tool + Equipment sells products online, through its catalog, and at more than 100 retail locations in 20 states. For more information, visit NorthernTool.com.
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, investment sales and development services. 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.