May 5, 2020
Archway Properties will break ground in mid-May on a build-to-suit retail building for Northern Tool + Equipment in Park Air 59, a 111-acre mixed-use development at the eastern edge of Bush Intercontinental Airport in the northeast Houston suburb of Humble.
Northern Tool’s 22,016-square-foot store will be built on a 1.7-acre, freeway-fronting pad site adjacent to the recently opened Floor & Décor. It will be the Minnesota-based hardware chain’s eighth location in Greater Houston, and represents the fourth retailer to commit to Park Air 59.
“As an essential business, Northern Tool is performing exceptionally well in the market, which proves the resiliency of the category,” says Austin Alvis, VP of NewQuest Properties in Houston. He and Preston Cunningham of Cunningham Ventures represented Archway Properties in the build-to-suit lease negotiations.
Jason Baker and Traci Holman of Baker Katz represented the tenant in the long-term lease negotiations.
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