Northern Tool & Equipment Opens New Distribution Center Near IAH Airport
Park Air 59 in Houston.
HOUSTON – Archway Properties will begin construction in mid-May on a build-to-suit retail store for Northern Tool + Equipment at Park Air 59, a 111-acre mixed-use development located on the eastern edge of Bush Intercontinental Airport in northeast Houston.
The Minnesota-based hardware chain will occupy a 22,016-square-foot store built on a 1.7-acre, freeway-facing pad site. Northern Tool is the fourth retailer to commit to the development, which sits at the intersection of US Highway 59 and Will Clayton Parkway in Humble.
This will be Northern Tool’s eighth location in the greater Houston area.
Preston Cunningham of Cunningham Ventures and Austin Alvis of NewQuest Properties represented Archway Properties in the build-to-suit lease negotiations. Jason Baker and Traci Holman of Baker Katz represented the tenant.
LaGrone Services Ltd. has been selected as the general contractor. The project is scheduled to open in the first quarter of 2021.
“Northern Tool continues a theme of national, credit-quality retail tenants at the northern end of our property,” said Ben Allen, a partner with Houston-based Archway Properties. “The strong performance of the hardware sector during this period has enabled us to move forward despite the market conditions created by COVID-19.”
To date, Park Air 59 has seen 1.2 million square feet developed for retail, medical, industrial and service-related uses. Archway Properties retains 18 acres still available within the park.
“There are few sites with this level of freeway frontage remaining along Houston’s major corridors,” Allen added. “Given current market dynamics, medical office space is a primary focus for us.”
Park Air 59’s first medical tenant was Vital Heart & Vein, which constructed a three-story, 65,000-square-foot medical office building. Within a three-mile radius of the development, the population approaches 45,000 people with an average household income of about $61,000 per year.
