Colliers Transacts Sale of Tower Hill Insurance Building
Tower Hill Insurance Group, Inc., founded in 1972 and a leader among residential and commercial property across the Southeast, is in the process of developing a new headquarters facility in Gainesville to serve their many loyal customers.
The free standing 51,012± SF building sold on April 8th is adjacent to the I-75 corridor just north of W. Newberry Road. It was built in 1984 by Service Merchandise, LLC. Tower Hill Insurance Group purchased and renovated the property in 1999. The building has served as part of Tower Hill’s campus of buildings until the recent sale to the Jefferson Bennett Development Group, owner of Swintstorage. The Jefferson Bennett Development Group owns and operates climate controlled self-storage unit facilities across the southeastern United States.
“Working with the Tower Hill Insurance Group team on this transaction was a pleasure. The flexible zoning allowed us to think creatively about the potential future uses of the property. We are thrilled that another significant amount of square footage is being absorbed in our market.”
- Dan Drotos, Executive Director, Colliers International Florida, LLC
Colliers GNV Commercial Advisory Team can be reached at 352-420-9889 and on social medial @ColliersGville.
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