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Tower Investments Recent Purchases

By Press Release
June 3, 2022


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370,114 SQFT Nut Tree Retail Center in Vacaville Sells for $124.5MM

By The Registry: Bay Area Real Estate
April 21, 2022

Vacaville, Calif. – April 21, 2022 – CBRE announced the sale of Nut Tree, a 370,114- square-foot Best Buy, T.J. Maxx, Nordstrom Rack-anchored regional center located in Vacaville, Calif., to Northern Calif.-based investor Tower Investments for $124.5 million ($336 per square foot).  

Jimmy Slusher, Philip D. Voorhees and James Tyrrell of CBRE’s National Retail Partners – West represented the seller, a partnership managed by Dallas-based Dunhill Partners, in the transaction. Tower Investments has retained Dunhill Partners to manage Nut Tree moving forward. 


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Two Local Families Partner to Purchase Iconic Retail Landmark


By Press Release - DCA Partners
April 18, 2022

FOR IMMEDIATE RELEASE

Two Local Families Partner to Purchase Iconic Retail Landmark

Tower Investments and Nella Holdings acquire Nut Tree Plaza in Vacaville

Roseville, CA – Two local, family-owned companies, Nella Holdings and Tower Investments, have partnered on the purchase of Nut Tree Plaza, located in Vacaville, California.

Tower Investments is a family-owned real estate investment and development company headquartered here in the Sacramento region, with investments all across the country.

Nella Holdings is owned by the Dwelle family, previous owners of Flyers Energy in Auburn, who are in the process of building out a significant real estate investment portfolio of their own.


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Tower Investments buys 88,279 SF Khol's Bldg in Belton, MO


By Press Release
March 15, 2022

Tower Investments is pleased to announce the purchase of the Belton Town Center Khol’s Building, an 88,279 sq.ft., free-standing retail building located at 914 East North Avenue in Belton, Missouri.  As a part of the main retail destination corridor of East North Avenue and one of the anchors of the Belton Town Center, the building is 100% leased to Khol’s Corporation.  Khol’s (NYSE: KSS, Fortune #195) was founded in 1962 and currently operates 1,162 stores in 49 states, employing over 110,000 people.

Please click here for more information about the property.


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With last sale, "Stonehenge" in Natomas comes full circle


With the recent $10 million sale of Sutter Health-leased 2951 Benefit Way in Sacramento's Natomas, Tower Investments earned more than $32 million in sales after carrying out the busted office park pro
By Ben van der Meer - Sacramento Business Journal
December 16, 2021

A decade ago, the Natomas Crossing III office project was little more than tilted walls and bare pads, stopped by a combination of previous developer hubris and a building moratorium in a flood-prone area.

What a difference a decade makes. With the recent sale of a new office building in the project, the renamed Natomas Pointe Plaza is complete, and, from a leasing and sales standpoint, a success.

In the most recent sale, 2951 Benefit Way sold to Japam LLC, with a Gold River address, for $10 million. The two-story, 20,000-square-foot building is fully occupied by Sutter Health.


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Tower Investments Sells Final Natomas Point Office Plaza Bldg to Private Investor

By Press Release
November 8, 2021

Tower Investments is pleased to announce the sale of Natomas Pointe Plaza Office Park Building “F” located at 2951 Benefit Way, Sacramento, California, to a private investor. 

Tower’s development team completed the construction of the 6-building Natomas Pointe Plaza Office Park which had sat vacant for many years.  As each Class-A office building was completed by Tower’s principal contractor, SSW Construction Corp, the building was sold or leased to an end user.  The recently sold 2951 Benefit Way is a two-story, 20,000 SF building on 1.12 acres that is 100% leased to Sutter Valley Medical Center.

Prior Natomas Pointe Plaza office buildings that have been completed by Tower have been sold to California State Employees Association, The Insurance & Benefits Trust of the Peace Officers Research Association of California, the Peace Officers Research Association of California (PORAC), and Natomas Charter School. 

The sale of 2940 Advantage Way to PORAC was represented by Scott Bennett and Thomas Walcott of Colliers International.


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Tower Investments buys 200 Vernon Bldg in Roseville, CA, as Redevelopment Project


By Press Release
November 5, 2021

Tower Investments is pleased to announce the purchase of the 40,000 sq.ft. 200 Vernon Building located at 200 Vernon Street in Roseville, California. The former Roseville Telephone Headquarters building is now Roseville’s newest mixed-use redevelopment project.  Tower’s team will redevelop the building to include 3,345 sq.ft. of ground floor restaurant space, two 2,223 sq.ft. ground floor retail spaces, a 9,244 sq.ft. ground floor office space with a private lobby amenity, 20 Apartments/Condos, and an 8,840 sq.ft. rooftop deck that includes private areas for the building residents, a bar and commercial seating area.

Please click here for more information about the property.


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Tower Investments Buys 132,108 SF former Costco Bldg in Santa Maria, CA


The former Costco bldg located at 1335 S. Bradley Rd., in Santa Maria, CA
By Press Release
August 26, 2021

Tower Investments is pleased to announce the purchase of the 132,108 sq.ft. Santa Maria Commercial/Retail Building located at 1335 South Bradley Road, Santa Maria, California, in the Crossroads Center, Santa Maria’s premier freeway development.  The former Costco building has immediate access to State Highway 101, 20 minutes north of Vandenburg Air Force Base.  The property is well-positioned to serve a variety of tenant needs with potential multi-tenant space options.

Please click here for more information about the property.


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Tower Investments Buys 71,367 SF Neighborhood Shopping Center in Westminster, CO


Westminster Neighborhood Shopping Center, Westminster, CO
By Press Release
July 23, 2021

Tower Investments is pleased to announce the purchase of the Westminster Neighborhood Shopping Center located at 8601 Sheridan Boulevard in Westminster, Colorado.  The 6.295-acre property includes one 71,367 sq.ft., multi-tenant building that is 100% leased to a mix of national tenants, including Chuze Fitness, Harbor Freight Tools and Guitar Center.  With 32 locations in 4 states, Chuze Fitness, founded in 2008, is a fast-growing, low-cost gym that offers numerous amenities and services while not sacrificing quality or customer service.  Harbor Freight Tools was founded in 1977, has 1,100 locations nationwide and employs 20,000 people.  Guitar Center was founded in 1959 and has 269 locations nationwide and employs 10,000 people.

The property is located just 20 minutes from Downtown Denver and is strategically located adjacent to the Denver Boulder Turnpike (Highway 36).

Please click here for more information about the property.


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Tower Investments Buys 37,799 SF Northgate Industrial Flex Bldg

By Press Release
July 9, 2021

Tower Investments is pleased to announce the purchase of the Northgate Industrial Flex Building located at 4125-4131 Northgate Boulevard in Sacramento, California.  The 2.77-acre property includes one 37,799 sq.ft. flex building that is 100% leased to Tak Communications, Inc.  Founded in 2004, and employing over 2,000 people, Tak Communications is a leading nationwide cable, broadband and telecommunications company that serves a population of 30 million across 24 states.

The property is located within the Northgate Industrial & Business Park industrial sub-market located just minutes from downtown Sacramento to the south and the Sacramento International Airport to the north.

Please click here for more information about the property.


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