Domino’s to open in Prineville

by Compass Commercialon 12 June 2018in Press Releases

Compass Commercial Real Estate Services is pleased to announce the future opening of a Domino’s Pizza in Prineville, Oregon. Domino’s will be occupying roughly half of a new building, with a drive through pick up window, on Combs Flat Road, just south of the Clinic Pharmacy. The 1,500 square feet of retail space in the newly constructed building has been leased by Bryan & Taryn Marx, the Domino’s franchisee and expects to open later this year.

Bryan states, “As a locally owned and operated franchise we will be dedicating our lives to the community, our employees and the brand. Domino’s has been focused on providing excellent delivery and carry out service since 1960 and with 18 years of combined experience with this brand we are thrilled to share what we have to offer.”

Compass Commercial Real Estate Services broker Joel Thomas, CCIM represented both the tenant and the landlord, Prineville Real Estate Holdings, LLC. Russell Huntamer, CCIM also of Compass Commercial represented the landlord in the lease transaction.

Both brokers have grown up in Central Oregon, seeing the growth and development throughout the region. “Having attended high school in Prineville, I am really excited to see the new development occurring there,” said Joel Thomas. “With mountain bike trails, access to the Ochocos, the two reservoirs and all the camping, fishing and hiking available, the city has done a great job of rebranding since the decline of the lumber industry. They are really capitalizing on all that Central Oregon has to offer.

“From Facebook and Apple to national retailers like Domino’s moving into town, I am really bullish on Prineville’s future. What I particularly like about this is that, while Domino’s is a national brand, the franchisee is local with a very vested interest in the city. Bryan, Taryn and Domino’s are going to be really successful in this market, and I think the people of Prineville will be thrilled to have more dining options.”

If you have questions about these transactions, please contact the brokers Joel Thomas, CCIM or Russell Huntamer, CCIM at Compass Commercial Real Estate Services at 541.383.2444.

Murray Rd land sale announced

by Compass Commercialon 31 May 2018in Press Releases

We are pleased to announce the sale of 1.6 acres of industrial land located at 20495 Murray Road in Bend to Aloha Produce. Dan Kemp and Bruce Churchill brokers of Compass Commercial represented both seller and buyer. Compass Commercial broker Joel Thomas, CCIM, also represented the buyer.

If you have questions about this transaction, please contact the appropriate broker at Compass Commercial Real Estate Services at 541.383.2444.

Joel Thomas, CCIM broker at Compass Commercial Real Estate Services in Bend, OR

Broker earns CCIM designation

by Compass Commercialon 26 April 2018in Press Releases

We are pleased to announce broker Joel Thomas earned his Certified Commercial Investment Member (CCIM) designation. Over the last 4 years, he has been actively working toward this achievement, and attending classes at the CCIM Institute. He recently traveled to Tampa, FL to take the 6 hour cumulative exam, the final step to acquire the designation.

Per the CCIM website, earning the designation includes completing courses of approved CCIM curriculum, having a “portfolio of qualifying experience” to demonstrate experience as a commercial real estate broker and a comprehensive exam with a qualifying score.

“I’m really excited to have obtained this designation,” said Joel. “Many people in the industry equate the CCIM to having a Master’s Degree in Commercial Real Estate, and according to the last stat I’ve seen only 6% of commercial brokers have a CCIM. This was the culmination of a lot of work over the last several years and it feels like a big accomplishment. It’s great to join my peers at Compass Commercial who have the designation. I look forward to using this extensive knowledge to further help my clients make important decisions about their real estate investments. In my mind, that is what education like this is all about – being able to better help my clients meet their goals.”

Joel Thomas, CCIM serves clients from all areas of commercial real estate. He specializes in office, industrial and retail leases and sales, as well as business sales and investment. Joel has been working as a broker in commercial real estate at Compass Commercial since 2013.

Cultus Lake Resort, 55885 Cascade Lakes Hwy, Bend, OR 97707

Cultus Lake Resort under new ownership

by Compass Commercialon 14 March 2018in Business Sales

We are pleased to announce the sale of the Cultus Lake Resort, a popular vacation destination located 45 miles southwest of the City of Bend off the Cascade Lakes Highway. The resort is situated on 7.99 acres of land owned by the Forest Service and operates under a special use permit. All assets of the resort were part of the sale, including the main lodge with general store and country restaurant, 23 rental cabins and private marina, merchandise, equipment and boats.

The resort was purchased by Kate and Devan Dunn of Bend, OR. The pair have successfully operated the neighboring Twin Lakes Resort since 2015. Kate Dunn says, “The Cascade Lakes region is a remarkable area that so many people in Central Oregon get to enjoy, and we are very excited and fortunate to be a part of those experiences.

“Cultus Lake Resort, in particular, holds many fond memories for generations of Oregonians. We’re looking forward to continuing many of the traditions that make Cultus Lake Resort a special place, like rib dinners on Friday and Saturday evenings, Sunday morning breakfast buffet, and the annual Fishing Derby coming up the weekend of May 18th.”

Cultus Lake Resort will continue to function as it operated under the ownership of Sandie and Dan Campbell along with three generations of their family for the last 20 seasons. Sandie would like to share the following: “Our family wishes Kate, Devan and their family all the best. We hope they enjoy everything that makes Cultus such a special place. Cultus will always hold a special place in our hearts. We will miss it and all the extended family we have had the pleasure in meeting and serving.”

Graham Dent and Dan Kemp of Compass Commercial represented the Campbells in the transaction and Kate Dunn was self-represented.

If you wish to book a stay at Cultus Lake Resort, 55885 Cascade Lakes Hwy, Bend, OR 97707, please contact Kate or Devan Dunn at 541.408.1560 or email at reservations@cultuslakeresort.com. (www.cultuslakeresort.com/).

In addition to hiking trails and water sports, mountain biking trails can be found near Cultus Lake

Awarded City of Bend Broker of Record

by Compass Commercialon 18 January 2018in Press Releases

Compass Commercial Real Estate was recently awarded the City of Bend Real Estate Broker of Record contract. It was awarded through an RFP process whereby all interested firms were invited to submit proposals. The top two applicants participated in a competitive presentation/interview process with City staff. Subsequently, Compass Commercial was selected and ratified by the City Council.

Compass Principal Broker Ron Ross, CCIM leads the City team with team members Pat Kesgard, CCIM, Dan Kemp, and Kerri Standerwick. Per the contract, Compass performs complex real estate activities for the City, including sales and purchases, right of way acquisitions, dispositions and appraisals, title research, due diligence services, market analysis, development feasibility studies, and property value appraisals. In addition to in-house services, Compass formulated a team of third party service providers including legal, engineering, title, appraisal, environmental management, and development professionals to assist on an as needed, on call basis.

Compass has performed similar services for the City for the last 8 years, but the scope of work expanded greatly with this latest contract.

“It is truly an honor to win this contract. Not only do we value the business, but it affords us an opportunity to make a difference in our community,” said Ross.

Adam Bledsoe, broker at Compass Commercial Real Estate Services in Bend, OR

Adam Bledsoe joins the brokerage team

by Compass Commercialon 8 January 2018in Press Releases

We are pleased to announce the addition of Adam Bledsoe to our brokerage team. Adam comes to the company with a wealth of sales, management and marketing experience. He is highly competitive and has an entrepreneurial spirit. As founder of The Loft, an exclusive social club in downtown Bend, and a former mortgage banker for J.P. Morgan Chase Bank, he has demonstrated traits ideal for a successful commercial real estate broker.

Before his professional career, Adam earned academic All-Big XII honors as a member of the football team at the University of Colorado, where he graduated with his Bachelor’s degree in History. Being part of the college football team, he learned the importance of teamwork, good communication and high-quality leadership. Adam is active in the community as a youth and high school football coach in fall and has also served as a board member with Parenting with Dignity since 2005. He is also a former board member of the Greater Bend Rotary Club.

Pat Kesgard, principal broker, president and partner states “Compass Commercial is excited to have Adam join our brokerage team. He is well established not only in Bend but has extensive relationships from around the country. Adam has the integrity and drive to represent his clients and their interests with the highest regard.”

Co-founder Erich Schultz, SIOR, principal broker at Compass Commercial Real Estate in Bend, OR

Co-founder retires from Compass Commercial

by Compass Commercialon 27 December 2017in Press Releases

We would like to announce co-founder and broker Erich Schultz, SIOR will be retiring from the company effective January 1, 2018 with the ultimate goal of simplifying his life.

In 1996 Erich Schultz and Steve Toomey, CCIM founded Compass Commercial to fill a need in the community for a commercial real estate firm that provides a higher level of client service. In the 21 years since, the company has expanded to include 11 partners, and provides expertise and world-class service in brokerage (18 brokers), asset and property management (7 brokers), and construction services to Central Oregon and beyond. The team has also grown to include full-time marketing, administrative and accounting staff.

Erich’s legacy includes using his strong leadership skills in the mentoring of 4 upcoming brokers to provide client-focused services with the utmost integrity. His success is evident in his sales record, having been the company’s top producer for 11 of the last 17 years. Jay Lyons (the only other broker in Central Oregon with an SIOR designation) has been working in tandem with Erich for seven years, gleaning wisdom. In addition, Erich has spent all of 2017 mentoring Grant Schultz, who will continue to serve current clients alongside Jay. Leaving this legacy of high-quality brokers will allow the company to continue with success into the foreseeable future.

As Erich steps away from Compass Commercial, he will continue to work independently with his long-term clients in a capacity which will allow him to focus on investment and development opportunities and other areas of deep interest to him. In reference to his retirement from Compass Commercial Erich states, “The partners, both past and present, have built a great framework for the company. I am confident that Compass will continue to be a leader in the commercial real estate market in Central Oregon for years to come.” The partners of Compass Commercial are also optimistic about the future considering the foundation that has been laid with a broad base of talented and accomplished leaders to continue to move the company forward.

If you have questions about this transition, please contact Erich Schultz or Pat Kesgard at Compass Commercial Real Estate Services at 541.383.2444.

Luke Ross, Property Manager at Compass Commercial Asset & Property Management in Bend, OR

Luke Ross elected to board of directors

by Compass Commercialon 12 December 2017in Press Releases

We are proud to announce that Luke Ross, broker and property manager was recently elected to the board of directors of Deschutes Children’s Foundation in Bend. He has been with Compass Commercial Asset & Property Management since 2013 and performing consulting work with Deschutes Children’s Foundation for about six months at the time of his election.

What drew Luke to the organization was the vision of DCF as an organization is “A community where all children and families have the resources they need to thrive” and they accomplish this through their mission of “providing the space and support where nonprofits succeed at helping children and families.” They focus on helping families and children throughout the Central Oregon community, renting space at a minimal cost to more than 20 different local nonprofits, so they can focus on serving the community through a focus on children without the hindrance of a large rent payment. There are currently four campuses, with two in Bend, one in Redmond and one in La Pine.

When asked about why Luke chose this organization to work with, he said, “Children are the future, and I’m committed to helping them get all they need to prosper. Deschutes Children’s Foundation is an amazing organization that really focuses on helping families and children throughout our community, allowing these nonprofits to focus more on their bottom line of serving more children and families, and less on their overhead. Being involved with DCF is great, because we are also helping other important nonprofits in our community.”

Deschutes Children’s Foundation raises funds to support their business through donations as well as three annual fundraisers, Chip in FORE Kids Golf Tournament, Sushi Rolling Party and their Art & Wine Auction. If you wish to contact the Deschutes Children’s Foundation, call them at 541-388-3101.

Steven Christopher, Facilities Technician

Announcing the hire of Steven Christopher

by Compass Commercialon 5 December 2017in Press Releases

We are pleased to announce the hire of Steven Christopher to be a second facilities technician, to maintain the buildings of the company’s clients.

Steven is a fourth generation Central Oregonian and takes pride in making Central Oregon the best it can be for future generations. With more than 14 years of experience in construction, he will bring a high level of expertise to each job. He also brings knowledge in planning, organization and understanding about the level of communication important for interactions between property managers, facilities technicians, landlords and tenants. His dedication and integrity will only enhance the work he does.

Steven spent much of his time working in the construction industry in masonry and installing utilities. He owned a masonry business where he worked hands-on as a licensed general contractor and mason during that time. He looks forward to working with Compass Commercial Asset & Property Management to offer his wide variety of skills and productivity to clients.

The Columbia Distributing building sold

by Compass Commercialon 19 September 2017in Press Releases

We are pleased to announce the sale of the 106,773 square foot industrial building located at 20735 High Desert Lane in Bend for the price of $16.3 million. Compass Commercial brokers Dan Kemp, Erich Schultz, SIOR, Jay Lyons, SIOR, CCIM and Grant Schultz represented the seller, a Pacific Northwest based real estate investor. The buyer, Moreland Station Apartments, LLC was represented by broker Todd Collins of Macadam Forbes based in Portland. The transaction was finalized Friday, September 8, 2017.

The structure was constructed on 7.74 acres in 2002 and consists of 93,840 square feet of warehouse and 12,933 square feet of office space. The property is located in the North Brinson Business Park on the northeast side of Bend. Companies in close proximity include FedEx, 10 Barrel, Humm Kombucha, and Jeld-Wen among others.

The building is fully leased out to Columbia Distributing on a long-term basis. Columbia Distributing is a beverage distribution company that has been in business since 1935. The company distributes alcoholic, nonalcoholic beverages and snacks, and they “boast an extensive selection of beverages, including specialty craft, domestic and imported beers.” With distribution to more than 20,000 retail customers throughout Washington, Oregon and California, they work with multiple large companies like Miller-Coors as well as hundreds of local craft brewers.

If you have questions about this transaction, please contact Dan Kemp or Erich Schultz at Compass Commercial Real Estate Services at 541.383.2444.

Category : Press Releases