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.

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.

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.

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.

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.

North Natomas’ infamous unfinished office park won’t remain that way much longer.

After a recent sale of one completed building, the Woodland-based owners plan to finish another, even without a tenant in place.

Scott Bennett, a senior vice president with Colliers International Sacramento who’s representing those owners, said he’s confident a tenant will emerge.

“We’re just plowing ahead,” he said. “It’s easier to show a building when it’s shiny and new.”

Natomas Pointe Plaza, south of Del Paso Road and west of East Commerce Way, still has three 20,000-square-foot buildings and a single 30,000-square-foot building to complete.

Tower Investments is pleased to announce the purchase of a 161,408 sq.ft, two-story office/warehouse distribution building located near Interstate 465 at 6402 Corporate Drive in Indianapolis, Indiana.  Located adjacent to Corporate Center North and Park 100, the primary business park that serves the northwest submarket and much of the city. 

The building is 96% leased to EnterMarket Corp., James H. Drew Corporation and Superior Construction.

Tower Investments is pleased to announce the sale of 2971 Benefit Way in Sacramento, California.  Tower acquired the 6 partially constructed, concrete tilt-up building shells of the Natomas Pointe Plaza Office Park in January 2013.  In 2015 the building moratorium that had been implemented by the City of Sacramento in the Natomas area, pending completion of levee improvements, had been lifted. 

With the lifting of the moratorium active marketing of the property began.  Construction on 2971 Benefit Way began in February of 2018.  Construction was completed by SSW Construction Corp of Folsom, California, and the building was delivered in a cold shell configuration to the buyer on 8/31/18.