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Two Local Families Partner to Purchase Iconic Retail Landmark

By Press Release - DCA Partners
April 18, 2022


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.

“We are excited to align with the highly esteemed Dwelle family on the purchase of Nut Tree Plaza,” said Stephen Marks, Sr., President and CEO of Tower Investments. “It is an honor to be the next custodian of the historical Nut Tree legacy, and to do so in partnership with another local family.”

Walt Dwelle, Managing Member of Nella Holdings, expressed similar sentiments. “Nella Holdings has made several investments this year, but Nut Tree is personally special to us,” Dwelle commented. “Its fun, family-oriented outdoor design makes it a unique landmark in the region, that my family and countless other families have enjoyed—and will continue to enjoy—for generations. We are grateful to the Marks family for allowing us to partner with them on this project.”

Nut Tree is an iconic regional commercial development. Fondly referred to as “California’s Legendary Road Stop,” due to its location at the junction of  Interstates 80 and 505, the property is situated between San Francisco, Sacramento, and Lake Tahoe. The Nut Tree Plaza has 68 retail stores, 17 restaurants, and outdoor attractions such as a kiddie train. At 371,000 square feet of commercial space, it boasts retail tenants such as Nordstrom Rack, Ulta, Buffalo Wildwings, Old Navy, Michaels, Best Buy, Home Goods, Bevmo, Panera Bread, Peets Coffee, See’s Candy, Jelly Belly Candy Store, Jamba Juice, and dozens more.

DCA Partners, a diversified financial services firm which manages Nella Holdings’ real estate investment portfolio, helped to facilitate the relationship between the Dwelle and Marks families and close this investment. The Nut Tree is another important step in DCA Partners’ effort to acquire over $2.0 billion of income-producing assets during 2022, on behalf of Nella Holdings.

The transaction, which closed on April 12, 2022, was financed by Citibank and Wells Fargo.


About DCA Partners

DCA Partners is the region’s leading Merger and Acquisition (M&A) advisory firm. DCA also operates a series of Private Equity funds which provide growth and buyout capital to promising, growth-oriented businesses throughout the Western U.S. In addition, DCA has recently launched a Family Office investment platform which provides institutional-quality capital to talented real estate and other GP Sponsors delivered through a friendly, flexible, and collaborative Family Office platform. Typical equity checks range from $20 million to $100 million. There is no defined hold period for investments, providing immense flexibility and optimal outcomes for all parties. Operating Partners and Deal Sponsors looking for a smart, patient, and flexible capital partner are encouraged to contact Tom Bratkovich at the number below.

About Nella Holdings

Nella Holdings is a third- and fourth-generation family business with diversified holdings across a broad spectrum of industries and asset classes. At our core, we are pragmatic, forward-looking business people who strike to form long-term, mutually rewarding relationships with like-minded Operating Partners.

About Tower Investments

Formed in 1989, Tower Investments, LLC is a family owned real estate investment and development company. Headquartered in Northern California, Tower invests its own capital and self-manages a diverse portfolio of real estate and debt instruments secured by real estate throughout the United States.

Tower Investments Contact

Elizabeth Marks
Senior Vice President
Tower Investments

Nella Holdings Contact

Tom Bratkovich
Senior Vice President, Investments
DCA Partners
(916) 747-1764

Media Contact

Amanda Schroeder
Director of Marketing
DCA Partners

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