TOWER INVESTMENTS PURCHASES LAND FOR RETAIL DEVELOPMENT

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GREENSBORO, N.C. — Sacramento, Calif.-based Tower Investments has purchased 30 acres in Greensboro, formerly the site of the Guilford Mills plant, for future retail development. The property is located along Hornaday Road near Interstate 40 and I-840. The current 300,000-square-foot industrial building on the property will be leased until an anchor retail tenant has been secured. Don Moss of Charlotte, N.C.-based Hart Corporation represented the buyer, and the seller was represented by Tom Townes of Greensboro-based Triad Commercial Properties.

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