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Tower Investments Buys 107,594 SF of Industrial in Indianapolis, IN

Pictured is Building 641, an 87,064-square-foot asset.
By Kristen Hiller-REBusiness Online
June 22, 2020

Colliers Arranges Sale of Two Industrial Facilities in Indianapolis

INDIANAPOLIS — Colliers International has arranged the sale of two industrial facilities within Park 100 on the northwest side of Indianapolis. The sales price was undisclosed. Building 133, located at 5251 E. 81st St., is a 20,530-square-foot warehouse fully leased to Iron Mountain Information Management. Building 641, located at 6061 Guion Road, is an 87,064-square-foot property fully leased to Mauser Packaging Solutions. Alex Cantu and Alex Davenport of Colliers represented the seller, Shear Property Group. Thomas Wiley of Reliant Partners represented the buyer, California-based Tower Investments LLC. Park 100 is a 19 million-square-foot industrial park.

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Tower Investments Buys 7,523 SF BayCare Health Systems Condo in New Port Richey, FL

By Press Release
April 1, 2020

Tower Investments is pleased to announce the purchase of the 7,523 sq.ft., BayCare Health Systems Office Condo located at 7701 Little Road, Unit 101, New Port Richey, Florida, situated 37 miles northwest of Tampa and 42 miles north of St. Petersburg via US-19

The condo is currently 100% leased to BayCare Health Systems, Inc., as their corporate office for their Home Health Department.  BayCare is the largest health care system in the Tampa Bay area and West Central Florida.  With over 600 locations that range in size from screening stations inside Publix supermarkets to 16 Urgent Care walk-in facilities to 15 full-scale hospitals, BayCare has 5,410 medical personnel and $4.2 billion in operating income.

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Tower Investments Buys 15,755 SF FedEx Freight Facility in Ocala, FL

FedEx Freight Facility located at 2350 SW 57th Ave in Ocala, Florida
By Press Release
March 26, 2020

Tower Investments is pleased to announce the purchase of the 15,755 sq.ft., FedEx Freight Facility located at 2350 SW 57th Avenue in Ocala, Florida, situated 2 miles west of Interstate 75, the primary north-south freeway traveling through central and western Florida.

The building is currently 100% leased to FedEx Freight.  Parent company FedExCorp (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.  The property is strategically located in central Florida being 38 miles south of Gainseville and 80 miles northwest of Orlando. 

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Health care provider joining 'Stonehenge' in North Natomas

With an office building planned on one of these half-finished structures, the North Natomas office park known as "Stonehenge" for its abandoned look is slowly losing that image. DENNIS MCCOY | SACRAME
By Ben van der Meer - Sacramento Business Journal
February 28, 2020

Another half-developed parcel in one of Natomas’ more infamous development sites looks to be turning the corner to a full project in the near future.

Sacramento city planners are processing an application for a two-story, 20,024-square-foot office building at 2951 Benefit Way, within Natomas Pointe Plaza.

The architect who is listed as the project applicant did not return a call for comment, while a broker with Colliers International Sacramento representing the property owner said he was unsure if he could comment on it.

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Just Sold-2920 Advantage Way

By Colliers International Press Release
February 26, 2020

Just Sold 2920 Advantage Way
On behalf of Tower Investments, Tom Walcott and Scott Bennett are proud to announce the sale of 2920 Advantage Way to Natomas Charter School.
The 30,000 SF office building is the third Natomas Point Plaza building sold of the original six that were tilted over ten years ago. The remaining three buildings are currently under negotiation.
Click here for full Press Release

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Tower Investments Buys 63,850 SF Industrial/Warehouse Bldg in Dayton, OH

The Stanley Service Center located at 2416-2524 Stanley Ave., Dayton, Ohio
By Press Release
February 21, 2020

Tower Investments is pleased to announce the purchase of the 63,850 sq.ft., Stanley Service Center building located at 2416-2524 Stanley Avenue, Dayton, Ohio near the intersection of Interstates 70 and 75 and just 8 minutes from Downtown Dayton.

The building is currently 87% leased to a varied mix of local tenants who benefit from the property’s access to national and state highway systems and the Dayton Metro Area’s economic growth.  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.

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Tower Investments and Subsidiary Buys Historic Pine Creek Ranch in Nye County, NV

By Press Release
January 1, 2020

Tower Investments, LLC, and it’s subsidiary Nevada Water Conservancy, LLC, (both owned by the Marks Family) acquired the historic Pine Creek Ranch, 60 miles northeast of Tonopah, in Nye County, Nevada.  The 7,033 deeded-acre ranch sits in Monitor Valley and is flanked by the mountain ranges of the Toiyabe National Forest to the east and west.  The Marks family has owned and operated cattle ranches in California and Nevada for over 50 years.

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Tower Investments Buys 107,218 SF Malibu Wellness Mid-America HQ in Indianapolis, IN

Malibu Wellness, Inc.'s Mid-America Headquarters complex located at 6050 E. Hanna Avenue in Indianapolis, IN
By Press Release
November 26, 2019

Tower Investments is pleased to announce the purchase of the 107,218 sq.ft., 4-building, Malibu Wellness Mid-America Headquarters Complex located at 6050 East Hanna Avenue in Indianapolis, Indiana, just minutes from Interstates 65, 69, 74 and 465.

The building is 100% leased to Malibu Wellness, Inc., a niche manufacturer and distributor of beauty and personal care products.  In addition to serving as the company’s Mid-America headquarters, Malibu Wellness executes all divisions of their fully integrated operation from this location, including executive offices, manufacturing & packaging, warehousing & distribution, social media & marketing efforts, as well as product demonstrations and private events.  The building is just 12 minutes from Downtown Indianapolis and 18 minutes from the Indianapolis International Airport.

Please click here for more information about the property.

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Tower Investments Buys 3,601 SF Orangetheory Fitness Retail Condo in San Diego, CA

Orangetheory Fitness located in the Vue on Fifth Avenue in the Bankers Hill neighborhood of San Diego, California
By Press Release
October 22, 2019

Tower Investments is pleased to announce the purchase of the 3,601 sq.ft. retail condominium on the ground floor of the Vue on Fifth Avenue building located at 2665 Fifth Avenue in the Bankers Hill neighborhood of San Diego, California.  The space is 100% leased to Orangetheory Fitness which has operated from this site since the building’s completion in 2016.  

Orangetheory Fitness uses a one-of-a-kind group personal training system to maximize a person’s exercise regime.  The privately held company was founded in 2009 and has franchise locations in 48 states and 21 countries, with 700 US location and 1,000 locations worldwide as of October 2018.

Please click here for more information about the property.

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Tower Investments Buys 13,792 SF Walgreens Bldg in Boise, ID

Walgreens building located at 4924 West Overland Road, Boise, ID
By Press Release
October 7, 2019

Tower Investments is pleased to announce the purchase of the 13,792 sq.ft. Walgreens building located at 4924 West Overland Road in Boise, Idaho.  The property benefits from its strategic location, access and visibility on a hard corner at the signalized intersection of West Overland Road and South Orchard Street and is just 1 mile north of the on/off-ramp to Interstate 84. 

The building is 100% leased to Walgreens/Walgreens Boots Alliance (NYSE: WBA), the largest retail pharmacy, health and daily living destination across the U.S. and Europe. WBA and the companies in which it has equity method investments together have a presence in more than 25 countries, employs more than 385,000 people, has more than 13,200 stores in 11 countries and one of the largest global pharmaceutical wholesale and distribution networks.  The company did $118 billion in sales/revenue in 2017.

Please click here for more information about the property.

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