Tower Investments Recent Purchases

Tower Investments Buys 39,052 SF Lakefront 77 Commercial Bldg in Indianapolis, IN

The 39,052 SF, multi-tenant, Lakefront 77 Commercial Building

Tower Investments is pleased to announce the purchase of the 39,052 sq.ft. Lakefront 77 Commercial Building, a multi-tenant commercial property located at 3915 East 96^th Street in Indianapolis, Indiana.  The property fronts on the busy thoroughfare of East 96^th Street and is just minutes form the areas excellent transportation infrastructure of interstates 65, 74 and 465.

The building is currently 76% leased to a variety of local tenants, including Big Bear Biscuits, Prodigy Burger Bar, Gallagher Family Chiropractic, Pinnacle Partners, Inc., Sprig & Plate and Strandz Hair Design.

Please click here for more information about the property.

Tower Investments Buys 12,288 SF Diverzify Industrial Bldg in Indianapolis, IN

The Diverzify Industrial Building, Indianapolis, IN

Tower Investments is pleased to announce the purchase of the 12,288 sq.ft. Diverzify Industrial Building, a single-tenant industrial property located at 5150 W. 84^th Street in Indianapolis, Indiana.  The property is just minutes form the areas excellent transportation infrastructure of interstates 65, 74 and 465 and is 20 minutes from downtown Indianapolis.

The buildings are currently 100% leased to Diverzify, the largest privately-owned commercial flooring business in the United States.  Headquartered in Itasca, IL, and with over 48 stand-alone and affiliated locations around the nation, Diverzify employs approximately 1,500 people.

Please click here for more information about the property.

Tower Investments Buys 30,156 SF Great Lakes Windows Bldg in Walbridge, OH

Great Lakes Windows Bldg located at 7171 Reuthinger Rd., Walbridge, OH

Tower Investments is pleased to announce the purchase of the 30,156 sq.ft. Great Lakes Windows Building located at 7171 Reuthinger Road, Walbridge, Ohio, near Interstate 75 and 10 minutes from downtown Toledo.

The building is currently 100% leased to Great Lakes Windows a provider of vinyl replacement windows and patio doors.  The property is adjacent to a Great Lakes Windows manufacturing facility.  This property is used to warehouse and distribute product.  Toledo boasts the 5^th busiest port in the Great Lakes region and 54^th busiest in the United States and is known as manufacturing center for auto parts.

Please click here for more information about the property.

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

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. 

Tower Investments Buys 7,760 SF NAPA Auto Parts Bldg in Toledo, OH

NAPA Auto Parts bldg located at 5240 Heathersdowns Blvd., Toledo, OH

Tower Investments is pleased to announce the purchase of the 7,760 sq.ft. NAPA Auto Parts Building located at 5240 Heatherdowns Blvd., Toledo, OH, minutes north of Interstate 80, a major east-west artery of the United States, and within a dense retail corridor that includes many national retailers.

The building is 100% leased to NAPA Auto Parts.  Founded in 1925, the company provides auto replacement parts and automobile service through 6,000 stores, 16,000 NAPA AutoCare and AutoCare Collision Centers and 57 distribution centers throughout the United States.  NAPA’s parent company, Genuine Parts Company, reported 2021 sales of $18.9 billion.

Please click here for more information about the property.

Two Local Families Partner to Purchase Iconic Retail Landmark

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.

Tower Investments Buys 16,547 SF Lex Brodie Facility in Waipahu, HI

Tower Investments is pleased to announce the purchase of the 16,547 sq.ft. Lex Brodie Facility located at 94-169 Farrington Highway, Waipahu, Hawaii, on 1.034 acres, 15 minutes northwest of Pearl Harbor and 14 miles northwest of downtown Honolulu via Interstate H1.  The Lex Brodie Tire, Brake & Service location is the largest of the company’s five location in the state.

Waipahu is well-positioned along the north shore of Pearl Harbor with both Farrington Highway and Interstate H1 running east-west through the length of the city.  This connectivity provides excellent access to the rest of the Honolulu MSA, which boasts a 2020 population of 1,016,508. 

Please click here for more information about the property.

Tower Investments Buys 88,279 SF Kohl's Bldg in Belton, MO

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.

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

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.