Written by Ron Ross, CCIM
Compass Commercial is pleased to announce the Deschutes Public Library (DPL) has purchased a 12.75-acre parcel for a future Central Library. The site is located on the north end of Bend near the intersection of Highway 20 and Robal Road.
The purchase was a culmination of an extended search process for the ideal site. In January of 2019, the Deschutes Public Library engaged Compass Commercial to represent them through an RFP process. Approximately six potential sites were identified. That list was quickly narrowed down to two sites. After performing initial due diligence, it became apparent that the subject site met all the criteria. The central location for the entire county was a primary factor. The proximity to neighborhoods, schools, shopping, and other important services solidified the choice.
DPL engaged developer Brooks Resources to work through the many and complex development challenges for the parcel. After 6 months of due diligence, the site was purchased with cash for $1,350,000. There was no debt financing involved.
The Compass Commercial brokers who represented DPL on the transaction, Ron Ross, CCIM, Dan Kemp, CCIM, Pat Kesgard, CCIM and Kristie Schmitt, wish to express their appreciation for a great experience in working with the DPL staff and board. The very complex process went smoothly due to the professionalism, efficiency and thorough attention to detail of the Library staff under director Todd Dunkelberg and Business Services Manager, Denise Senner.
The design of the Deschutes Public Library’s future site is conceptual and is subject to change.