News Room
Jackson property sold to California company
By Memphis Business Journal
September 25, 2006
Tennessee Real Estate Holding Co. has sold a 630,000-square-foot building on 60 acres in Jackson, Tenn.
The company is an LLC formed by Tomkins/Gates, a manufacturing holding company.
The property is located at North Parkway and American Drive in Jackson and has frontage along the L&N rail line.
Philadelphia-based Binswanger represented the seller in the transaction.
Tower Investments of Woodlands, Calif., purchased the building and plans to retrofit it and subdivide the space for smaller tenants.
Tower Investments is a real estate investment and development company specializing in development, planning and design, construction management, equity investment, financing, leasing, property management and maintenance.
The one-story building features 25,000 square feet of office space, 26-foot clear ceiling height, 33 dock-high doors and two drive-in doors.
Details on the purchase price of the property were not immediately available.
Binswanger is an international full-service real estate company with offices in the U.S., Canada, Mexico, South America, Europe, the Middle East and Asia.