March 8, 2013
Venture Commercial has assisted Northern Tool + Equipment in securing two locations in St. Peters and Arnold, Missouri, marking the retailer's debut in the St. Louis-area market.
Clay Mote of Dallas-based Venture Commercial is master broker for Northern Tool and represented the retailer in the negotiation of the two 10-year leases, working with St. Louis-based X Team partner Tom Egan of Wm. Boudoures Company.
The 15,061-square-foot St. Peters store opened February 28 at 4055 Veterans Memorial Parkway in the Cave Springs shopping center, joining Office Depot, Hobby Lobby and Sports Authority. Mike Swearingin of Pace Properties represented the landlord.
The 15,631-square-foot Arnold store will open mid-March at 233 Arnold Crossroads Center, near the intersection of Interstate 55 and Highway 141, where it will join tenants Starbucks, 24 Hour Fitness, Wendy’s McDonalds, and China King. Egan represented the landlord.
"These new St. Louis-area stores represent the ideal locations for Northern Tool, along highly visible corridors in super regional trade areas," said Mote. "We will continue to look for new opportunities across the U.S. for these 15,000-square-foot prototype stores."
Based in Burnsville, Minnesota, Northern Tool + Equipment has more than 70 locations in 14 states and 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 visit www.northerntool.com.
About Venture Commercial
Venture Commercial Real Estate is recognized as a leader in retail brokerage services throughout Texas 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, and income property sales. As the D-FW partner of X Team International, Venture is able to serve its clients on a national scale. For more information visit venturedfw.com.