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Tower Investments buys 19,938 SF office plaza bldg in South Jordan, Utah


By Press Release
May 17, 2019

Tower Investments is pleased to announce the purchase of a two-story 19,938 sq.ft., multi-tenant office building located just off South Jordan Parkway at 912 West Baxter Drive in South Jordan, Utah.  The building is within minutes from Interstate 15, the main north-south artery for the state of Utah and is just 19 miles from Downtown Salt Lake City and 20 miles from Salt Lake City International Airport. 

The building is currently 100% leased.  Tenants include Wasatch RX, LLC, Security Alarms Financing Enterprises (SAFE), CBC Mortgage Agency, Five Star North America, LLC and Jenkins Law Office.  Please click here for more information about the property.


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Tower Investments Purchase of 5 Event Centers in 3 States


The former Falls Event Center located in Fresno, California, is now leased to Elite Event Venue
By Press Release
May 1, 2019

Tower Investments is pleased to announce the purchase of the former Falls Event Center located at 4105 and 4125 West Figarden Drive in Fresno, California.  The two-building campus, totaling 14,478 sq.ft., has been leased to Elite Event Venue and is Fresno and the surrounding Central Valley’s premiere, multi-purpose event space.

Earlier in 2019 Tower Investments also purchased the following four former Falls Event Centers:

Gilbert, Arizona: the event center campus features two buildings each totaling 13,574 sq.ft. located at 4635 East Baseline Road on 6.59 acres.  Building 1 is currently 100% leased to Wedgewood Weddings.

Elk Grove, California: the event center campus features two buildings that total 26,774 sq.ft. and is located at 8280 and 8290 Elk Grove Boulevard on 4.55 acres.  The building located at 8290 Elk Grove Blvd. is currently 100% leased to Wedgewood Weddings.

Roseville, California: the 15,224 sq.ft., single-building event center located at 240 Conference Center Drive sits on 3 acres and is 100% leased to Wedgewood Weddings.

Littleton, Colorado: the 12,024 sq.ft, single-building event center located at 8199 Southpark Court sits on 2.78 acres and is 100 leased to Wedgewood Weddings.

 


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Tower Investments buys 6,400 SF, 4.74-AC BigTex Trailer Property in Clarksville, IN


BigTex Trailer World property, Clarksville, IN
By Press Release
March 29, 2019

Tower Investments is pleased to announce the purchase of the 6,400 sq.ft., 4.74-acre BigTex Trailer World property located at 4023 US Highway 31 in Clarksville, IN.  Part of the Louisville (Kentucky) MSA the property benefits from its strategic location, access and visibility from Interstate 65 which provides direct access to downtown Louisville 5 miles away.  The property is 100% leased to BigTex Trailer World which has established itself as the #1 professional grade trailer manufacturer in the country.

Please click here for more information about the property.


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Tower Investments buys 42,884 SF Harbor Club Retail Condominium In San Diego


Harbor Club Tower, home to the Harbor Club Retail Condominium which takes up the base of the iconic downtown San Diego building
By Press Release
March 21, 2019

Tower Investments is pleased to announce the purchase of the Harbor Club Retail Condominium, a  42,884 leasable sq.ft., three-story, multi-tenant retail condominium located at 285 J Street, 330 Third Avenue and 200 Harbor Drive in San Diego, California.  Strategically located at the base of the iconic Harbor Club Tower, San Diego’s first luxury high-rise, directly across from the San Diego Convention Center, one block from the Gaslamp Quarter and in the heart of the vibrant Marina Neighborhood.  Current tenants include Striders, ARCS (A Robert Cromeans Salon), San Diego Wine & Culinary Center, Morton’s Steakhouse and Luxe Lounge.

Please click here for more information about the property.


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Tower Investments buys 41,575 SF Ashley Furniture HomeStore Bldg in Knoxville, TN


Ashley Furniture HomeStore building in The Shops at Turkey Creek, Knoxville, TN
By Press Release
March 21, 2019

Tower Investments is pleased to announce the purchase of the Ashely Furniture HomeStore building located at 11051 Turkey Drive in Knoxville, Tennessee.  Built in 2006 the building is located in The Shops at Turkey Creek, a dynamic development that functions as a “town center” for the region.  The building is 100% leased to Knoville Wholesale Furniture Company, Inc.  The building is easily accessible from I-40/I-75 and State Route 11 which runs parallel to the interstate via Parkside Drive.  The building enjoys excellent visibility from the interstate with 106,252 to 121,655 vehicles passing the building daily.

Please click here for more information about the property.


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Tower Investments buys 26,774 SF Events Center Complex in Elk Grove, CA


Elk Grove Events Center located at 8280 & 8290 Elk Grove Blvd., Elk Grove, CA
By Press Release
February 27, 2019

Tower Investments is pleased to announce the purchase of The Elk Grove Events Center, a 4.55-acre campus style complex featuring twin 13,387 sq.ft. even center buildings.  Surrounded by beautiful landscaping with numerous outdoor courtyards with water features the property is located at 8280 & 8290 Elk Grove Boulevard in Elk Grove, California.  The property is just minutes from State Hwy 99 to the east and 4.75 miles east of Interstate 5, both main north-south arteries for California.  Please click here for more information about the property.


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Wyndham Hotels becomes new tenant in Tower Investment's 111 Broadway building in Nashville

By Nashville Post-Staff Reports
January 25, 2019

The effort to bring timeshare units to the future Margaritaville Nashville Hotel under construction in SoBro has taken a step forward.

Specifically, space will be prepped in a Lower Broadway building for a Margaritaville Vacation Club by Wyndham sales center. Located at 111 Broadway, the building is home to Rock Bottom Restaurant and Brewery.


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Tower Investments sells the historic Merchants Restaurant on Broadway in Nashville-for $12.6 million


A New York real estate investor paid $12.6 million for the building at 401 Broadway, home to Merchants restaurant.
By Adam Sichko-Nashville Business Journal
January 18, 2019

“Tower Investments sells the historic Merchants Restaurant on Broadway in Nashville - for $12.6 million”

 New Yorker buys building home to Goldberg restaurant

A real estate investor from New York now owns an historic building in downtown's Lower Broadway tourist district, home to a restaurant owned by influential brothers Benjamin and Max Goldberg.

An entity linked to Morris Weintraub Associates paid more than $12.6 million for the building at 401 Broadway, according to newly filed public records. The roughly 120-year-old building is home to Merchants, a restaurant from the Goldbergs and their Strategic Hospitality company that also is responsible for Pinewood Social, The Catbird Seat and other trendy establishments. The Goldbergs recently extended their lease through 2028, according to multiple real estate listings.


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Tower Investments Sells 588,000 SF Industrial Warehouse in Jacksonville


By Alex Tostado-REBusiness Online
December 12, 2018

JACKSONVILLE, FLA. — Tower Investments has sold a 588,000-square-foot industrial warehouse in west Jacksonville for $15 million to IP Capital Partners. The warehouse is leased to Fanatics Inc. and Conlan Tire Co. The property is situated at 5245 Commonwealth Ave. on 28 acres. IP Capital Partners plans to reposition the property. Bryan Bartlett and John Richardson of Newmark Phoenix Realty Group represented the seller in the transaction.


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Pine Island annexes land for residential development

By Brian Todd - Post Bulletin
October 17, 2018

PINE ISLAND — The Pine Island City Council approved the orderly annexation of 74.2 acres of land from the western portion of the Elk Run development Tuesday night.

City Administrator David Todd said Tower Investments, the owners of Elk Run, paid $27,000 to New Haven Township for lost taxes on the parcels, and the city added the land to its borders.

“Once the development plan is submitted, it will have to go through planning and zoning,” Todd said. Tower has 24 months to submit a development plan for the land, but the company is “moving rather quickly so they can start platting.”


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