NEWS
Tower Investments Sells Natomas Pointe Plaza Office Bldg to PORAC
Tower Investments is pleased to announce the sale of Natomas Pointe Plaza Office Park Building “D” located at 2940 Advantage Way, Sacramento, California, to the Peace Officers Research Association of California (PORAC). PORAC was incorporated in 1953 as a professional federation of local, state and federal law enforcement agencies. PORAC represents over 77,000 public safety members and over 930 associations, making it the largest law enforcement organization in California and the largest statewide association.
Tower’s development team completed the construction of the 6-building Natomas Pointe Plaza Office Park. 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 2940 Advantage Way is a two-story, 20,000 SF building on 1.09 acres.
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 and Natomas Charter School. Natomas Pointe Plaza Bldg “F” is currently leased to Sutter Valley Medical Center.
The sale of 2940 Advantage Way to PORAC was represented by Scott Bennett and Thomas Walcott of Colliers International.
Tower Investments Buys 46,757 SF Industrial Multi-Flex Property in Indianapolis, IN
Tower Investments is pleased to announce the purchase of the 46,757 sq.ft. Arlington Business Park, a 2-building, multi-tenant industrial flex property located at 3220 South Arlington Avenue in Indianapolis, Indiana. The property is just minutes form the areas excellent transportation infrastructure of interstates 65, 74 and 465 and is 12 minutes from downtown Indianapolis.
The buildings are currently 100% leased to a variety of local tenants including The Carrsun Company, a furniture and houseware rental company; Cutting Edge Concepts, a custom countertop fabricator; Dance Connection Group, a dance school and studio; JL2, Inc., a metal fabrication company; and Vivant Smart Home, a home security installation and monitoring company.
Tower Investments Buys 107,594 SF of Industrial in Indianapolis, IN
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.
Tower Investments Buys 7,523 SF BayCare Health Systems Condo in New Port Richey, FL
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.
Tower Investments Buys 15,755 SF FedEx Freight Facility in Ocala, FL
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.
Health care provider joining 'Stonehenge' in North Natomas
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.
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.
Tower Investments Buys 63,850 SF Industrial/Warehouse Bldg in Dayton, OH
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.
Tower Investments and Subsidiary Buys Historic Pine Creek Ranch in Nye County, NV
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.
Tower Investments Buys 107,218 SF Malibu Wellness Mid-America HQ in Indianapolis, IN
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.