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.

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

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.

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

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.

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

Westminster Neighborhood Shopping Center, Westminster, CO

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.

Tower Investments Buys 37,799 SF Northgate Industrial Flex Bldg

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.

Tower Investments Buys 43,800 SF High Tech Flex Bldg in Dayton, OH

Tower Investments is pleased to announce the purchase of the 43,800 sq.ft., High Tech Flex Building located at 3500-3560 Park Center Drive, Dayton, Ohio near the intersection of Interstates 70 and 75 and just 13 minutes from Downtown Dayton.

The building is currently 100% leased to a mix of national and regional tenants who benefit from the property’s access to national and state highway systems and the Dayton Metro Area’s economic growth.  Tenants include Laird Plastics, Perry proTECH and Vinebrook Homes.  The City has worked to strategically reposition its economy to compete globally in the future with a diversified, knowledge-based economy.  The aerospace and aviation industries, healthcare and higher education have helped position Dayton to support the attraction and growth of high-tech business.  Aerospace and healthcare have an $11.1 billion annual economic impact on the Dayton area with growth in the Leisure/Hospitality and Education/Health Services area within the past year.

Please click here for more information about the property.

Tower Investments Buys 29,918 SF Cordelia Commercial Condos in Fairfield, CA

Tower Investments is pleased to announce the purchase of the Cordelia Commercial Condominiums, a 29,918 sq.ft. commercial condominium complex comprised of 3 condo units located at 4731-4747 Central Way in Fairfield, California.  The property is well positioned with freeway visibility and frontage along the busy interchange of Interstates 80 and 680.  The property is 100% leased to a variety of local tenants serving Fairfield, Solano County and the San Francisco Bay Area.

Please click here for more information about the property.

Baltimore firm pays $36 million for Lower Broadway building

The building at 111 Broadway, which houses Rock Bottom Brewery, sold for $36 million.

A Baltimore firm just cashed in on a Lower Broadway property, and its executives are hungry for more.

Continental Realty Corp. paid $36 million for the mixed-use building at 111 Broadway, which houses Rock Bottom Brewery and three office tenants, according to a statement. Since the building holds 50,303 square feet, that sale price is equal to around $715 per square foot.

Continental Realty previously bought a 320-unit apartment complex in Murfreesboro, but 111 Broadway marks its first investment in Nashville’s urban core. Lower Broadway assets rarely go on the market — 111 Broadway last sold in 2006 to California-based Tower Investments Inc. for $4.25 million. And Josh Dinstein, a senior vice president at Continental, is one of many investors who want to grow roots in the city's booming real estate market. He says his firm is actively looking for more properties here, pointing to its entertainment brand, along with recent company expansions, population growth and no state income tax, as major incentives.

Tower Investments Buys 5,733 SF Commercial Condo Unit in Fairfield, CA

The commercial condo unit located at 469 Lopes Road, Unit A, Fairfield, CA

Tower investments is pleased to announce the purchase of the Lopes Road Commercial Condominium Unit A, a 5,733 sq.ft. commercial condo unit located at 469 Lopes Road, Unit A, in Fairfield, California.  The unit is the endcap and largest unit in the 7-unit commercial condo building.  The unit is 100% leased to Interchange Athletics, Solano County’s premier fitness studio. The property is well positioned with freeway visibility and frontage along Interstate 680 and is just south of the busy interchange of Interstates 80 and 680. 

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Tower Investments Buys Fairfield Crossing Retail Center in Pensacola, FL

Tower Investments is pleased to announce the purchase of Fairfield Crossing, a 49,768 sq.ft. commercial center located at 4345 West Fairfield Ave., in Pensacola, Florida.  The property is well positioned at the southeast corner of Highway 90 (the legacy east-west corridor through Pensacola) and West Fairfield Ave within one of the densest trade areas in the Pensacola Market.  The property is located north of the Pensacola Naval Air Station.  Known as the Cradle of Naval Aviation, the Pensacola NAS has trained every naval aviator since the dawn of naval aviation.  The property is 100% leased to Office Depot, Ross Dress for Less and T-Mobile.

Please click here for more information about the property.