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Tower Investments Sells 588,000 SF Industrial Warehouse in Jacksonville


By Alex Tostado-REBusiness Online
December 12, 2018

JACKSONVILLE, FLA. — Tower Investments has sold a 588,000-square-foot industrial warehouse in west Jacksonville for $15 million to IP Capital Partners. The warehouse is leased to Fanatics Inc. and Conlan Tire Co. The property is situated at 5245 Commonwealth Ave. on 28 acres. IP Capital Partners plans to reposition the property. Bryan Bartlett and John Richardson of Newmark Phoenix Realty Group represented the seller in the transaction.


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Pine Island annexes land for residential development

By Brian Todd - Post Bulletin
October 17, 2018

PINE ISLAND — The Pine Island City Council approved the orderly annexation of 74.2 acres of land from the western portion of the Elk Run development Tuesday night.

City Administrator David Todd said Tower Investments, the owners of Elk Run, paid $27,000 to New Haven Township for lost taxes on the parcels, and the city added the land to its borders.

“Once the development plan is submitted, it will have to go through planning and zoning,” Todd said. Tower has 24 months to submit a development plan for the land, but the company is “moving rather quickly so they can start platting.”


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Sale marks more progress at 'Stonehenge' in North Natomas


The California State Employees Association has bought the building at 2971 Benefit Way to serve as its new headquarters, in another sign of a rebirth for the unfinished office park mockingly called
By Ben van der Meer - Staff Writer, Sacramento Business Journal
October 8, 2018

North Natomas’ infamous unfinished office park won’t remain that way much longer.

After a recent sale of one completed building, the Woodland-based owners plan to finish another, even without a tenant in place.

Scott Bennett, a senior vice president with Colliers International Sacramento who’s representing those owners, said he’s confident a tenant will emerge.

“We’re just plowing ahead,” he said. “It’s easier to show a building when it’s shiny and new.”

Natomas Pointe Plaza, south of Del Paso Road and west of East Commerce Way, still has three 20,000-square-foot buildings and a single 30,000-square-foot building to complete.


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Tower Investments buys 161,408 SF office/warehouse bldg in Indianapolis, IN


6402 Corporate Drive, a premiere office/warehouse distribution building in Indianapolis, IN
By Press Release
September 14, 2018

Tower Investments is pleased to announce the purchase of a 161,408 sq.ft, two-story office/warehouse distribution building located near Interstate 465 at 6402 Corporate Drive in Indianapolis, Indiana.  Located adjacent to Corporate Center North and Park 100, the primary business park that serves the northwest submarket and much of the city. 

The building is 96% leased to EnterMarket Corp., James H. Drew Corporation and Superior Construction.  Please click here for more information about the property.


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Tower Investments Sells 2971 Benefit Way in Sacramento


2971 Benefit Way, Sacramento, as delivered to the Buyer
By Press Release
August 31, 2018

Tower Investments is pleased to announce the sale of 2971 Benefit Way in Sacramento, California.  Tower acquired the 6 partially constructed, concrete tilt-up building shells of the Natomas Pointe Plaza Office Park in January 2013.  In 2015 the building moratorium that had been implemented by the City of Sacramento in the Natomas area, pending completion of levee improvements, had been lifted. 

With the lifting of the moratorium active marketing of the property began.  Construction on 2971 Benefit Way began in February of 2018.  Construction was completed by SSW Construction Corp of Folsom, California, and the building was delivered in a cold shell configuration to the buyer on 8/31/18.


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Tower Investments buys 10,126 SF CVS Building in Brook Park, OH


CVS Pharmacy Building located at 14372 Snow Road, Brook Park, OH
By Press Release
July 27, 2018

Tower Investments is pleased to announce the purchase of the 10,126 sq.ft. CVS building located at 14372 Snow Road in Brook Park, Ohio.  Part of the Cleveland MSA the property benefits from its strategic location, access and visibility on a hard corner at the signalized intersection of Snow Road and Michael Drive and is just 1 mile east of the on-ramp to Interstate 71.  The building is 100% leased to CVS Pharmacy/CVS Health Corporation (NYSE: CVS), the largest pharmacy health care provider in the United States.  Please click here for more information about the property.


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Tower Investments Adds Point West Plaza to Portfolio


By CoStar-Mike Rustvang
January 22, 2018

Real Estate Investment and Development Company Buys Sacramento Office Bldg. for $8 Million

Tower Investments, a Woodland, CA-based real estate investment and development company, has purchased the Point West Plaza in Sacramento from the Dan Caputo Co. 

The two-story office building, located at 1900 Point West Way, sold for $8.05 million, or about $142 per square foot. 


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Tower Investments buys 56,568 SF Point West Plaza Office Bldg in Sacramanto


1900 Point west Way, Sacramento, CA, office bldg
By Press Release
December 18, 2017

Tower Investments is pleased to announce the purchase of Point West Plaza, a Class-B, 56,568 sq.ft., two-story, multi-tenant office building located at 1900 Point West Way in Sacramento, California.  Strategically located in the highly desirable Point West submarket, the building is a centralized location less than a half mile from the Capital City Freeway, which provides easy access to all area of the Greater Sacramento Region, including Midtown and Downtown Sacramento. 

The building is currently 89% leased to a variety of professional businesses and corporations.  Please click here for more information about the property.


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Tower Investments buys 19,129 SF Premier Office Bldg in La Jolla, CA


800 Silverado St., La Jolla, CA office bldg
By Press Release
November 17, 2017

Tower Investments is pleased to announce the purchase of 800 Silverado Street in La Jolla, California, a 19,129 sq.ft., premier multi-tenant office building.  Located in the upscale La Jolla submarket of San Diego, the building is located in the heart of downtown La Jolla’s restaurant and shopping district and is just minutes from the coast to the west and Interstate 5 to the east.  The building is currently 100% leased to such tenants as City National Bank, Blanchard Krasner & French and Monterrey Financial Advisors, LLC.

 Please click here for more information about the property.


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Tower Investments buys Sierra Health Foundations 33,905 SF Nonprofit Innovation Center Bldg


1331 Garden Highway, Sacramento, CA, office bldg
By Press Release
November 17, 2017

Tower Investments is pleased to announce the purchase of Sierra Health Foundation’s Nonprofit Innovation Center, a 33,905 sq.ft., three-story, multi-tenant office building located near Interstate 5 at 1331 Garden Highway, in Sacramento, California.  The building is situated on the banks of the Sacramento River and offers tenants attractive views of the Downtown Sacramento skyline. 

Located in the Natomas submarket of Sacramento, the building is just minutes from Downtown and the Sacramento International Airport.  The building is currently 73% leased to such tenants as H.T. Harvey & Associates, Coalition for Compassionate Care, Pacific Crest Trails Association, Sacramento Steps Forward and Ontrack Program Resources

Please click here for more information about the property.


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