DALLAS-FORT WORTH, TX, December 10, 2012—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced today that Dallas-Fort Worth-based partner Venture Commercial has completed leases for two Northern Tool + Equipment stores in Mississippi and Wisconsin. X Team International Partner Clay Mote of Venture Commercial, who is serving as master broker for Northern Tool + Equipment, made the announcement.
Northern Tool + Equipment’s new locations include a portion of the former K-Mart property in Jackson, Miss. at 5465 Highway 55 N, joining Cowboy Maloney Electronics, Big Lots and Save-A-Lot; and in Madison, Wisc., at 2118 W. Beltline Highway, where they will join Steinhafels Furniture.
Mote represented the retailer in both deals, while the landlords were self-represented.
“My strategy for finding optimal retail locations for Northern Tool continues to be identifying properties situated along highly visible corridors in super regional trade areas,” said Mote. “They are continuing to enter new markets by taking advantage of the continued success of their new 15,000-square-foot prototype stores.”
Northern Tool + Equipment, a multi-channel retailer doing business via retail, web, and catalog, supplies tools and equipment to serious DIYers and contractors. The vast majority of customers are male, ages 35-64, and are homeowners. The Northern Tool + Equipment customer is a serious, hardworking, no nonsense blue-collar man who works in a variety of situations, in his job and at home. He is independent, self-sufficient, and resourceful. Major segments that Northern Tool services include trades such as automotive, agriculture, and construction, and consumers with interests such as woodworking, hunting and 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 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. 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.