Binswanger Negotiates Major Sale to Tower Investments; Relists Dyersburg, Tennessee Property

By Atlanta - Business Wire
January 31, 2008

Representing both the seller, Bekaert Corporation, and the buyer, Tower Investments, Binswanger is pleased to announce the sale of a 639,000 sq. ft., one-story building on 63 acres located at One Bekaert Road in Dyersburg, Tennessee.

Tower Investments of Woodland, California is a real estate investment and development company specializing in adaptive reuse development, planning and design, construction management, leasing and property management.

After purchasing the property, Tower Investments relisted the facility with Binswanger for sale.

"From an adaptive reuse perspective, this property is a gem due to its prime location and solid infrastructure," said David Marks, Senior Vice President of Tower Investments, who negotiated the deal on Tower's behalf. "The more we researched the facility and the area, the clearer the decision became."

The property features insulated steel panel walls; 6" reinforced concrete floors; ceiling height to 25'4" clear; steel columns spaced 29' x 63' and 29' x 50', high-pressure sodium and metal halide lighting; all utilities; 21,000 sq. ft. of fully air-conditioned, modern office space; two 150 HP compressors, two 100 HP compressors and one 50 HP compressor; five 10' x 12' dock-height doors with levelers; five 5-ton cranes and three 2-ton cranes; and is rail served by CSX.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia.