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.

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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.

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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. 

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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.

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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.

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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.

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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).

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