BREAKING NEWS

Swimming Pools Make a Splash in Home Values

Principal Asset Acquires 2 Million SF

Houston Market Gains Momentum in May

Swift Packing Plant Redo in The Heights

Transwestern Sells Office Building

Austin Tops Graduate Friendly List

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Northern Tool + Equipment Starts New Facility Near IAH Airport

by Realty News ReportMay 4, 2020July 5, 2020
Share0
Park Air 59 in Houston.

HOUSTON – (Realty News Report) – 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 northeast Houston.

Northern Tool’s 22,016-SF store will be built on a 1.7-acre, freeway-fronting pad site.  Northern Tool is the fourth retailer to land in the development, located at the crossroads of US Hwy. 59 and Will Clayton Parkway in Humble.

This store will be eighth location in the Houston area for the Minnesota-based hardware chain’.

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 i

LaGrone Services Ltd. is the general contractor. The project is slated to open in the first quarter of 2021.

“Northern Tool continues a theme of national credit retail tenants at the northern end of our property,” says Ben Allen, partner in Houston-based Archway Properties. “The hardware sector’s performance during these times is enabling us to move forward despite the market conditions created by COVID-19.”

To date, 1.2 million sf of retail, medical, industrial and service-related uses have been built in Park Air 59. Archway has 18 acres remaining in the park.

“Not many sites with this kind of frontage remain on any of the major Houston freeways,” Allen says. “With the current situation in the market, medical office is a primary focus.”

Park Air 59’s first medical user was Vital Heart & Vein, which developed a 65,000-SFnthree-story medical office building. Within three miles of the project, there are nearly 45,000 people with an average household income of $61,000 per year.

May 4, 2020 Realty News Report Copyright 2020

Share0
previous post
Houston Hotel Market, Like The Rest of the Nation, Reports Awful Occupancy Rates
next post
Houston Homes Prices to Fall 2.6 Percent: CoreLogic Forecast

Related posts

Swimming Pools Make a Splash in Home Values

Realty News ReportJune 16, 2025

Principal Asset Acquires 2 Million SF

Realty News ReportJune 12, 2025

Houston Market Gains Momentum in May

Realty News ReportJune 12, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact