Tower Investments is pleased to announce the purchase of the 3,601 sq.ft. retail condominium on the ground floor of the Vue on Fifth Avenue building located at 2665 Fifth Avenue in the Bankers Hill neighborhood of San Diego, California.  The space is 100% leased to Orangetheory Fitness which has operated from this site since the building’s completion in 2016.  

Orangetheory Fitness uses a one-of-a-kind group personal training system to maximize a person’s exercise regime.  The privately held company was founded in 2009 and has franchise locations in 48 states and 21 countries, with 700 US location and 1,000 locations worldwide as of October 2018.

Tower Investments is pleased to announce the purchase of the 13,792 sq.ft. Walgreens building located at 4924 West Overland Road in Boise, Idaho.  The property benefits from its strategic location, access and visibility on a hard corner at the signalized intersection of West Overland Road and South Orchard Street and is just 1 mile north of the on/off-ramp to Interstate 84. 

The building is 100% leased to Walgreens/Walgreens Boots Alliance (NYSE: WBA), the largest retail pharmacy, health and daily living destination across the U.S. and Europe. WBA and the companies in which it has equity method investments together have a presence in more than 25 countries, employs more than 385,000 people, has more than 13,200 stores in 11 countries and one of the largest global pharmaceutical wholesale and distribution networks.  The company did $118 billion in sales/revenue in 2017.

Tower Investments is pleased to announce the purchase of the Heartland Steel Manufacturing Facility, a 120,255 sq.ft. industrial/manufacturing facility on 10.04 acres located at 213, 214 & 224 South Kelly St and 77 South Cluff Avenue in Lodi, California.  Located just minutes east of State Highway 99, a main north-south artery of the state, the property’s unique location gives it access to major north-south and east-west transportation routes. 

The property is currently 100% leased to Heartland Steel Products Group which designs, engineers, and manufactures an array of steel pallet racking system products, engineered structural steel platforms and mezzanine systems and safety products and other material handling accessories.  The Lodi property serves as the company’s only West Coast manufacturing facility and Heartland has occupied the property since 2011. 

Tower Investments is pleased to announce the purchase of the 11,656 sq.ft., Liberty Dialysis/Fresenius Medical Care Center building located at 91-2139 Fort Weaver Road in Ewa Beach, Hawaii, just minutes south of Interstate H1, the main east-west artery for the Island of Oahu.  The building sits on the grounds of The Queen’s Medical Center West Oahu, an 80-bed community hospital that provides all major hospital services. 

The building is 100% leased to Liberty Dialysis-Hawaii, LLC, an affiliate of Fresenius Medical Care Holdings, Inc., the leading provider of dialysis services and products with 2,200 dialysis facilities in all 50 states and 3,650 total worldwide clinics.  Honolulu, the largest city of the Hawaiian Islands, is 17 miles east of the property.  The Daniel K. Inouye International Airport, the main airport in Honolulu and Hawaii’s largest, is 12 miles to the east.  The airport’s location facilitates Honolulu’s position as the natural gateway to the island’s significant tourism industry ($15.6 billion in 2016 visitor spending). 

Tower Investments is pleased to announce the purchase of a two-story 19,938 sq.ft., multi-tenant office building located just off South Jordan Parkway at 912 West Baxter Drive in South Jordan, Utah.  The building is within minutes from Interstate 15, the main north-south artery for the state of Utah and is just 19 miles from Downtown Salt Lake City and 20 miles from Salt Lake City International Airport. 

The building is currently 100% leased.  Tenants include Wasatch RX, LLC, Security Alarms Financing Enterprises (SAFE), CBC Mortgage Agency, Five Star North America, LLC and Jenkins Law Office. 

Tower Investments is pleased to announce the purchase of the former Falls Event Center located at 4105 and 4125 West Figarden Drive in Fresno, California.  The two-building campus, totaling 14,478 sq.ft., has been leased to Elite Event Venue and is Fresno and the surrounding Central Valley’s premiere, multi-purpose event space.

Earlier in 2019 Tower Investments also purchased the following four former Falls Event Centers:

Gilbert, Arizona: the event center campus features two buildings each totaling 13,574 sq.ft. located at 4635 East Baseline Road on 6.59 acres.  Building 1 is currently 100% leased to Wedgewood Weddings.

Elk Grove, California: the event center campus features two buildings that total 26,774 sq.ft. and is located at 8280 and 8290 Elk Grove Boulevard on 4.55 acres.  The building located at 8290 Elk Grove Blvd. is currently 100% leased to Wedgewood Weddings.

Roseville, California: the 15,224 sq.ft., single-building event center located at 240 Conference Center Drive sits on 3 acres and is 100% leased to Wedgewood Weddings.

Littleton, Colorado: the 12,024 sq.ft, single-building event center located at 8199 Southpark Court sits on 2.78 acres and is 100 leased to Wedgewood Weddings.

Tower Investments is pleased to announce the purchase of the 6,400 sq.ft., 4.74-acre BigTex Trailer World property located at 4023 US Highway 31 in Clarksville, IN.  Part of the Louisville (Kentucky) MSA the property benefits from its strategic location, access and visibility from Interstate 65 which provides direct access to downtown Louisville 5 miles away.  The property is 100% leased to BigTex Trailer World which has established itself as the #1 professional grade trailer manufacturer in the country.

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.