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Manufacturing Company Buys 25,000 SF Facility in Redmond

REDMOND, OR – Compass Commercial represented the sale of a 25,000 square foot manufacturing facility located at 833 SE 1st Street in Redmond for a transaction value of $670,000.00. Ron Ross, CCIM and Pat Kesgard, CCIM with Compass Commercial represented the seller, Columbia State Bank in the sale of the building formerly known as the Ameritech Building. The buyer, CLM Industries is an existing metal products fabrication company in Redmond. They are expanding into the new space.

Built in 2007, the building was never completely finished or occupied, due to the recession. “This was a great opportunity for a successful and growing Redmond company to own their own state-of-the-art facility,” said Ross. “The purchase will allow them to expand, increase productivity and add jobs in the community.”

For more information regarding this transaction, please contact Ron Ross, CCIM or Pat Kesgard, CCIM at 541.383.2444.