Bend Industrial Building Sold for $2.95M

by Compass Commercialon 23 May 2019in Press Releases, Transaction News

Ron Ross, CCIM and Terry O’Neil, CCIM of Compass Commercial Real Estate Services represented buyer Rockridge Investments, LLC in the purchase of industrial property located at 687 SE Glenwood Drive in Bend. The property consists of four industrial buildings totaling 26,746 square feet on 5.01 acres, consisting of 7 tax lots, and is occupied by multiple long term tenants. The purchase price was $2,950,000.

“Our clients Steve and Maria Whitrock saw long term potential in this property as well as potential for some value add. Additionally, the property is located in an Opportunity Zone that will provide some tax benefits as they redevelop parts of the property,” Ross said.

If you have questions about this transaction, please contact Ron Ross or Terry O’Neil of Compass Commercial Real Estate Services at 541.383.2444.

Jot’s Resort in Gold Beach Sold for $4.175M

by Compass Commercialon 20 May 2019in Press Releases, Transaction News

Compass Commercial Real Estate Services is pleased to announce the sale of Jot’s Resort, a 102-room hotel with a fully equipped restaurant and one bedroom one bath condos located at 94360 Wedderburn Loop in Gold Beach, Oregon. Broker Dan Kemp represented the seller in the transaction valued at $4,175,000. The deal was co-brokered by Paul Grout of Signature Realty LLC.

“Jot’s resort has been family owned and operated for the past twenty years. The property sits prominently at the mouth of the Rogue River and offers some of the best salmon fishing in the state from its private dock. The property has been purchased by a seasoned hotel owner, Anurag Patel, who has plans to breathe new life into property with updated renovations,” Kemp said.

The resort is situated on 7.33 acres and has been a popular tourist destination for more than 40 years. The resort is home to the Rod ‘n Reel Restaurant and Bar as well as a gift and tackle shop, marina, pool and fitness center.

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

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US Forest Service Land Sold in Sisters, OR

by Compass Commercialon 29 April 2019in Press Releases, Transaction News

Compass Commercial Real Estate Services is pleased to announce the sale of an 18.11 acre parcel of USDA Forest Service land located at US Hwy 20 and West Barclay Drive in Sisters, Oregon. Brokers Robert Raimondi, CCIM and Graham Dent represented Forest Service and Bruce Churchill, Principal Broker represented the buyer, Three Sisters Holdings, LLC in the transaction valued at $1,500,000.

The property is one of three parcels of the Forest Service’s approximately 80-acre administrative site. The two remaining parcels consist of 14.61 and 47.06 acres and those parcels remain available for sale.

The Forest Service will use the funding from this sale and the sale of the other two parcels to build more accessible and energy-efficient facilities.

“This sale moves us forward toward our goal of providing better services for visitors and improving employee safety while reducing our operating costs,” said John Allen, Forest Supervisor, Deschutes National Forest.

The Buyer is affiliated with Kevin Spencer of Empire Construction and Development and they plan to offer 2.5 acre industrial lots. They look forward to working with the City of Sisters and EDCO on this important parcel of land. Parties interested in the lots can contact Bruce Churchill, Compass Commercial Real Estate Services.

If you have questions about this transaction, please contact Cyndy Armour, contracting officer with the Forest Service, at 541-416-6662, or brokers Robert Raimondi, CCIM or Graham Dent of Compass Commercial Real Estate Services at 541.383.2444.

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New Partners, President and Corporate Officers

by Compass Commercialon 17 April 2019in Compass Commercial News, Press Releases

Compass Commercial Real Estate Services is pleased to announce the election of three new shareholders, brokers Dan Kemp and Graham Dent along with Brian Lorenz, CFO who were voted in during the company’s annual board meeting held April 16, 2019.

Dan Kemp joined Compass Commercial in 2012 bringing more than ten years of sales, marketing and management experience to the firm. He focuses his expertise on investment sales and is well diversified in all areas of commercial sale and leasing. He was the company’s top producer for 2017 and 2018.

Graham Dent has been with Compass Commercial since September 2013 and has consistently been one of the company’s top producers. Prior to joining Compass, he worked for CBRE Global Investors, one of the world’s largest real estate investment firms. His background is in acquisition, dispositions and development of office and industrial properties.

Brian Lorenz joined Compass Commercial Asset & Property Management in 2016 as controller and was promoted to chief financial officer in 2019. He has 26 years of financial accounting experience working with a variety of different business entities.

In addition to the election of new shareholders, Compass Commercial announced the transition of its corporate officers. Jay Lyons, SIOR, CCIM has been appointed president and former president Pat Kesgard, CCIM will move into the position of vice president as well as continue in the role of VP of Marketing. Russell Huntamer, CCIM is the company’s new VP of Sales and Peter May, CCIM will take on the role of VP of Finance.

Additional shareholders are as follows:

Howard Friedman, CCIM – Designated Principal Broker, VP of Market Research
Lupita Wesseler – VP of Operations and Corporate Secretary
John Keba, CPM®, ARM® – VP of Asset & Property Management
Gardner Williams, Principal Broker

Fremont Row in NorthWest Crossing

by Compass Commercialon 20 December 2018in Press Releases

West Coast Provisions opened in early December 2018. According to owner, Anna Baxter, “West Coast Provisions is a new neighborhood market in NorthWest Crossing (NWX) that offers a curated selection of food, wine, beer, home goods and gifts, with a particular focus on artisan products from Oregon and surrounding states.” They lease a 1,741 square foot suite in the newly constructed Fremont Row, a mixed-use development.

Another new tenant, locally-owned Cosa Cura, has moved its consignment shop specializing in handmade goods into Fremont Row this month from their downtown Bend location. They have been open since 2006 with high-quality women’s consignment clothing and accessories, including jewelry, knits, home décor and beauty products, all locally made. There are more than 80 local artists’ goods sold at Cosa Cura.

Poke Row has been open since August, shortly after construction was completed on Fremont Row. They have been building a devoted customer base for their Hawaiian poke (pronounced poh-kay) sushi bowls and burritos, using only the freshest ingredients, local drinks and sake. Poke Row is the newest project from the award winning 5 Fusion team.

Located on NW Crossing Drive in Bend’s NorthWest Crossing neighborhood, between NW John Fremont Street and NW Fort Clatsop Street Fremont Row’s two-story main building includes retail suites on the ground level with residential condos on the second level. Three of the four commercial suites are currently leased. The project’s second building consists of a free-standing 2,623 square foot restaurant space, also currently available for lease.

Learn more about these three businesses located in Fremont Row via the links below.

West Coast Provisions
PokeRow
Cosa Cura

If you have questions about this article or the spaces available for lease, please contact brokers Pat Kesgard, CCIM, Kerri Standerwick or Graham Dent at Compass Commercial Real Estate Services at 541.383.2444.

Broker Elected to Bend Chamber Board of Directors

by Compass Commercialon 11 December 2018in Press Releases

Jay Lyons, SIOR, CCIM has been newly appointed to the Bend Chamber of Commerce board of directors. The announcement was made in Cascade Business News and during the general business meeting at the beginning of the Bend Chamber Holiday Party at Miller Lumber on December 6th.

Jay’s involvement with the Chamber has grown over time. Beginning with Young Professional events and Leadership Bend’s class of 2013, and then more recently he participated on the panel for the Real Estate Forecast event two years in a row.

When asked about what he appreciates about the Bend Chamber, he said, “I appreciate how the Chamber does everything it can to support our community and the businesses located here. Bend is a small, but rapidly growing town full of a wide variety of businesses. That growth presents opportunity but also challenges. I believe the Chamber has done an excellent job promoting an environment that helps businesses thrive while protecting all the characteristics of what makes Bend special.”

Compass Commercial Real Estate Services is a member of the Bend Chamber of Commerce.

Team Member Joins City Club Board of Directors

by Compass Commercialon 4 December 2018in Press Releases

Compass Commercial Real Estate Services’ Marketing Specialist, Ruth Shilling was recently appointed to the board of directors for City Club of Central Oregon. She began working with the organization on the Program Committee shortly after moving to Bend in December 2015 and served as co-chair for approximately one and a half years.

Ruth states, “I enjoy working with City Club. It’s an organization driven by having conversations about relevant issues, and it has the power to bridge the gap into civic engagement. It’s been an incredible experience seeing volunteers develop forums, then see the conversation continue through action in the community.”

Ruth appreciates the core values of Compass Commercial Real Estate Services especially of being involved in civic leadership and contributions to the community. Many of the team members at Compass Commercial are involved in various nonprofits, volunteering time, donating funds and serving on boards and committees.

About City Club of Central Oregon
City Club of Central Oregon exists to be the top-of-mind hub for citizens and community leaders. The organization intentionally shapes our community and influences public policy while preserving a uniquely warm and connected culture. City Club champions “passionately non-partisan” discussion between diverse perspectives.

Deschutes Business Center, Empire Ave. & Highway 20, Bend, OR

Deschutes Business Center Sold

by Compass Commercialon 9 October 2018in Press Releases

We are pleased to announce the sale of the Deschutes Business Center located at 20332-20370 Empire Avenue in Bend. The property has easy access to Highways 97 and 20. Built in 1981, this concrete block construction consists of 39 suites in five buildings, making up the 54,508 square feet of mixed-use suites on 5.56 acres. The building was 95% leased when sold. The value of the sale transaction was $6,112,000.

The seller was represented by Compass Commercial Real Estate Services brokers Robert Raimondi, CCIM and Russell Huntamer, CCIM and John Keba CPM®, ARM® of Compass Commercial Asset & Property Management. The buyer was represented by brokers Gardner Williams, Peter May, CCIM and Dan Kemp of Compass Commercial Real Estate Services. Compass Commercial Asset & Property Management regional property manager Paul Weaver assisted in representation on both sides of the sale.

According to the seller’s broker Robert Raimondi, CCIM “The property is zoned Mixed Employment and is situated in an area of Bend that is experiencing substantial new capital investment.”

Compass Commercial Asset & Property Management will retain the management of the property.

Free Spirit: Yoga + Fitness + Play coming to Old Mill

by Compass Commercialon 31 July 2018in Press Releases

Compass Commercial Real Estate Services’ brokers Kerri Standerwick and Pat Kesgard, CCIM worked with Seth and Rachel Augustine, local owners and operators of the soon-to-open Free Spirit: Yoga + Fitness + Play to find the perfect location for their innovative fitness studio. After a thorough search of the Bend market, they leased 3,139 square feet of retail space located in the Old Mill District, 320 SW Powerhouse Road, Suite 150 in Bend.

The Augustines are successful business owners, previously having owned and operated Thriveability Yoga Studio in San Francisco, CA. After moving to Bend, they were inspired by their kids to open a facility that will provide quality yoga and fitness for adults, while providing a safe and fun environment. The facility will offer an indoor kids’ playscape that includes a bouldering wall, slides, ball pit, ninja warrior obstacle course and toddler play area.

“We wanted to establish our business in a place of natural beauty and in a thriving community where all the residents of Bend and visitors could enjoy our unique and fun facility,” said Augustine. “The Old Mill District was the perfect fit, right in the heart of town.” Free Spirit is a fun and unique fitness space for all ages. In addition to its regular classes and offerings, the studio will also host kids’ ninja camps, child care, birthday parties and more, as well as a healthy café on site. Augustine continued, “Free Spirit is fun fitness for everyone. Finally, there will be a place in Bend where adults can get their yoga and fitness fix while their kids stay healthy and active.”

About Free Spirit: Yoga + Fitness + Play

Located in the beautiful Old Mill District, we are a super fun and unique fitness studio for the whole family. Your kids will love open play on our bouldering wall, slides, ball pit, ninja obstacle course and toddler play area. We offer kids’ ninja camps and series, child care and kids’ parties, as well as quality adult yoga and fitness classes, workshops, privates, and yoga teacher trainings. Come be a part of our friendly fitness community! Check out our website at www.freespiritbend.com. Free Spirit: Yoga + Fitness + Play will be located at 320 SW Powerhouse Drive, Suite 150 in the Old Mill District. They can be reached at info@freespiritbend.com.

About the Old Mill District
One of the Pacific Northwest’s most distinctive and dynamic mixed-use developments, the Old Mill District is located on 270 acres that formerly housed one of the largest sawmill operations in the world. The rich history of the land is coupled with spectacular mountain views, scenic river vistas and an extensive trail system to enjoy the outdoors. More than 55 local, regional and national retailers and businesses call the Old Mill District home. The Old Mill District – Bend’s most unique shopping, dining, living, and entertainment experience. www.oldmilldistrict.com

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.

Category : Press Releases