Tower Investments wraps up SoBro property buy

By Nashville Business Journal
January 18, 2007

A family-owned real estate firm from California has finalized the purchase of a prime parcel in SoBro.

Tower Investments paid nearly $14.8 million for the 5.67-acre site that is just south of the Gaylord Entertainment Center. The land is currently home to a surface parking lot, but supporters of a new convention center have zeroed in on the area as a prime spot for the proposed convention center.

The majority owner of Woodland, Calif.-based Tower is Stephen Marks, and five of his children also work for the company, which owns property in 13 states and Canada.

In addition to the parking lot south of the Gaylord, Tower has snapped up some prominent properties on Broadway, including the Merchant's restaurant building and the building that houses Big River Grille & Brewing Works.