VENTURE COMMERCIAL ARRANGES $39M SALE-LEASEBACK WITH TOOL RETAILER

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FORT MILL, S.C. — Dallas-based Venture Commercial Real Estate has arranged a $39 million sale-leaseback with Northern Tool + Equipment for its distribution center in Fort Mill. Northern Tool + Equipment sold its 701,595-square-foot facility, which is located at 1850 Banks Road, to One Liberty Property. Clay Mote of Venture Commercial represented Northern Tool + Equipment in the transaction. Joe Owen of Dallas-based Owen Holdings Inc. represented One Liberty Property, a publicly traded REIT. Northern Tool + Equipment signed a 15-year lease at the distribution center.

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