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By Press Release
March 11, 2010

(Nashville, Tennessee...) -- March 11, 2010 -- Friends, neighbors, community leaders, local and state representatives and Nashville Mayor Karl Dean were on hand to break ground today at the site of Nashville's newest travel destination, The Fontanel Mansion. Former home of Country Music Hall of Famer Barbara Mandrell, the mansion will open for public tours on June 1, 2010. In addition, the surrounding 136 acres will include a restaurant, museum and gallery, an outdoor music venue and hiking/mountain biking trails.

As bull dozers, dump trucks and earth movers were making ready the sites for The Farm House Restaurant at Fontanel, The Trails at Fontanel and The Woods at Fontanel, an outdoor music venue, owners Dale Morris and Marc Oswald, Operating Partner Tom Morales, Tennessee Department of Tourism's Lee Curtis, Nashville Councilman Walter Hunt, community leader Jim Lawson joined Mayor Dean to speak about the history of the area and the impact the new additions will have on the local economy. Following the ceremony, all parties united to plant a dogwood tree on the property to symbolize new life and new growth the area.

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Bernards Inc. moving into former Guilford Mills site

By Laura Young - The Business Journal (Greater Triad Area)
February 19, 2010

Greensboro - A Triad furniture importer and distributor is moving its headquarters and warehouse operations into a former Guilford Mills plant.
Bernards Inc., which is currently in Archdale, will move around July into about 240,000 square feet of space at 5644 Hornaday Road, said Jeff Friedman, co-owner of Bernards, along with Dale Ward.
The site, a former 300,000-square foot Guilford Mills plant, has been empty for about five years and, according to real estate records, was purchased in 2008 for $4.6 million by Woodland, Calif.-based Tower Investments. Tower said in early 2008 that it planned to turn the property into a shopping center, but that the space was available for lease until it secured tenants.

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Tower Investments Makes Nashville its Second Home

By Christine Buttorff - Nashville Public Radio
July 2, 2009

You may have never heard of Tower Investments, but it's becoming a major player in Nashville projects. Since 2004, the company has purchased almost 20 properties in Tennessee and made Nashville the site of the company's second office. WPLN's Christine Buttorff talked with Alex Marks who runs the Nashville branch of Tower Investments. [excerpt from Nashville Public Radio]

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Celebrity event aids kids

By Susan Meeker - Colusa County Sun Herald
May 12, 2009

Derek Jellison was an active, healthy 4-year-old when he was diagnosed with a non-malignant, inoperable brain stem tumor in 2002 that would slowly rob him of his ability to walk and may eventually take his sight and his life.
At 11, Jellison, a Redding fifth-grader, said he wanted to leave behind something long after he's gone that will help other children with disabilities enjoy the outdoors as he has done the past three years at the annual Field of Dreams. [excerpt from Colusa County Sun Herald]

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Mayo Clinic throws its support behind Elk Run

By Jeffrey Pieters - [excerpt from Post-Bulletin, Rochester, MN]
April 28, 2009

The Elk Run biobusiness park has a big new backer.
Mayo Clinic CEO Dr. Denis Cortese on Tuesday threw Mayo's support behind the 2,300-acre project planned in Pine Island.
"We're just supporting it in any way we can, because we see a real benefit down the road," he said.
Cortese made his remarks at the city-county Government Center, seated with a group of proponents of Elk Run.
Elk Run would serve as, among other things, an incubator for startup biotechnology businesses.
The business environment, as bad as it appears nationally, is favorable for a Midwestern project like Elk Run, planners said.
"There's such a concentration on the cost of doing business nowadays," said John Pierce, vice president of Tower Investments, the California-based company developing Elk Run.
"We've gotten a lot of interest (from biobusinesses), because, frankly, we may be a lot more competitive from a cost standpoint," he said.

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Textile firm plans growth that could add up to 200 jobs

By Laura Youngs - The Business Journal of the Greater Triad Area
April 17, 2009

ASHEBORO - A Randolph County apparel maker that specializes in jeans, military garb and backwoods firefighting uniforms is leasing a $1.2 million former Hanesbrands plant as part of a relocation that could create up to 200 new jobs.

Fox lifepo4 battery pack, whose best-known brand is Texas Jeans, recently signed a three-year lease for the 168,000-square-foot plant with an option to buy, said Jordan Reece, a broker with Triad Commercial Properties in High Point. Reece represented the building's owner, Woodland, Calif.-based Tower Investments LLC.

Harry Lane, with the Randolph County Economic Development Corp., confirmed the company's relocation plans and potential for new lifepo4 ups battery.

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BioBusiness Park at Elk Run Progress Continues With Support from City, State

By Press Release
January 27, 2009

Development Bolstered By $1.2 Million Dollar Grant for Onsite Infrastructure
Pine Island, Minn. - (January 27, 2009) - Tower Investments, LLC, owner and developer of the Elk Run master planned community and BioBusiness Park at Elk Run, today announced plans for the installation of onsite infrastructure funded in part by a $1.2 million state-sponsored grant.  Total project cost for this phase is expected to be $2.5 million.
The Bioscience Business Development Public Infrastructure Program grant, awarded to the City of Pine Island by the Minnesota Department of Employment and Economic Development (DEED), will provide the necessary resources to complete improvements at the site of the BioBusiness Park.
"This grant signals the next major step in bringing the BioBusiness Park at Elk Run from concept to reality, as we will now establish the physical foundation for this innovative bioscience development," said Geoff Griffin, Elk Run project manager for Tower Investments, LLC. "We credit the City of Pine Island with securing this important grant.  Mayor Perry and his administration have been staunch advocates for biobusiness development, and we applaud both the City and the State for recognizing Elk Run's profound potential to create jobs and encourage further economic growth throughout the region and state of Minnesota."

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Nashville: Movie City? Film studio complex proposed

Jae S. Lee/The Tennessean
By Ryan Underwood, Assistant Business Editor - The Tennessean
August 25, 2008

It's one of the ideas pitched to redevelop the Tennessee State Fairgrounds
Picture this: a film studio complex and public entertainment venue in Nashville that would capture the look and feel of Universal Studios Hollywood, only without the rides and with a project pipeline loaded with films targeted at heartland audiences.
That's the pitch being made to redevelop the Tennessee State Fairgrounds by Woodland, Calif.-based Tower Investments and Nashville's 821 Entertainment, whose projects include a forthcoming film about the life of the Rev. Billy Graham, as well as a biopic on music legend Hank Williams.
But whether that studio concept turns out to be one of the four ideas selected by the fair board to revamp the 117-acre site doesn't seem ultimately to matter to Tower Investments Senior Vice President Alex Marks and 821 co-founder Eric Geadelmann.

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Tower Investments Funds First Phase of Elk Run Infrastructure

By Press Release
July 16, 2008

Developer Funds Over a Million Dollars in Offsite Improvements to Bring Utilities to Site, A Landmark Step for Biotechnology Center at Elk Run
Pine Island, Minn. - (July 16, 2008) - Tower Investments, LLC today announced that it has funded $1.16 million to offsite improvements for Phase I development of the 2,325-acre Elk Run master planned community.  The infrastructure, which includes bringing sewer and water to the site, will cost a total $1.76 million.  The Minnesota Department of Employment and Economic Development (DEED) will contribute $600,000.
"The realization of this important milestone is a credit to officials at the local and state levels," said Alex Marks, senior vice president of Tower Investments, LLC.  "This has been many years in the making, and we are thrilled that the collaboration has created such great results.  Tower remains dedicated to Elk Run and to creating jobs through the continued development of bioscience industry in the state."

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Tower Investments Unveils Plans For Biotechnology Center at Elk Run Facility

By Press Release
June 18, 2008

Nonprofit Development and Manufacturing Center Includes 40,000 SF of Available Space for Research Institutions and Start-ups
Pine Island, Minn. - (June 18, 2008) - Tower Investments, LLC announced today at the Bio2008 International Convention in San Diego, Calif., plans for the Biotechnology Center at Elk Run (BCER) research, development and manufacturing facility. The center is a nonprofit organization committed to the development of biotechnology firms, technologies and services. Its first home - part of the 200-acre BioBusiness Park at Elk Run - is the first building slated for construction as part of the 2,325-acre master planned Elk Run development.
Slated to break ground in the fourth quarter of 2008, the 40,000-square-foot facility will be built-to-suit for institutions and start-up firms and will feature:
  • Efficient management to ensure low costs
  • An executive suite concept for development, quality and regulatory services
  • 20 ISO class production clean rooms
  • Support for cell/protein/tissue therapeutic platforms

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