Navigating success for our clients since 1996
info@compasscommercial.com
Property Mgmt. (541) 330-0025
Main (541) 383-2444
Compass Commercial Real Estate Services Bend OR
  • Search Our Listings
  • What We Offer
    • Brokerage
    • Asset & Property Management
    • Construction Services
    • Market Report
  • Our Team
  • About Us
  • Contact Us
  • Search Our Listings
  • What We Offer
    • Brokerage
    • Asset & Property Management
    • Construction Services
    • Market Report
  • Our Team
  • About Us
  • Contact Us

Blog Archives

Home/Leased
Neff Place

NEFF PLACE

by Lisaon 20 March 2020in

CLIENT: Killian Pacific

SERVICES: Preleasing of the property prior to development. Brokerage was involved in representing the developer and tenants. Compass Commercial has managed the property since it was developed.

LOCATION: 1500 NE Cushing Dr., Bend, OR

CHALLENGE & SOLUTION: The challenge was to obtain 50% preleasing of the project in order to obtain financing. Compass was able to lease over 50% of the project prior to financing approval and more than 85% of the project was leased prior to commencement of construction to Jackson’s Corner, Café Yumm! and SportClips.

In addition to the leasing needs of the developer, their long-term plan was to sell the property. Compass brokers, Russell Huntamer and Jay Lyons were working with Killian Pacific helping to satisfy their 1031 Exchange needs and were made aware of the possibility that the property was available for purchase, although it was not being marketed at the time. The end-result was a successful sale for the developer and a successful 1031 tax deferred exchange for the current owner.

The property is fully stabilized and is greatly benefitted by successful tenants. It should be noted that two new 8,000 sq. ft. buildings are slated for development to the east of the property with leases pending for 65% of the available spaces. This new project is known as East End and Compass Commercial is leasing broker for this project as well.

BROKERS: Russell Huntamer, CCIM  |
Jay Lyons, SIOR, CCIM  |  Grant Schultz

PROPERTY MANAGERS: Jackie Niebling, CCIM, CPM®, CRRP  |  Caroline McDonald, RPA®

What can we do for you?

 

Read More

Categories

  • Advisor Insights
    • Dan Kemp, CCIM
    • Howard Friedman CCIM
    • Jay Lyons, SIOR, CCIM
    • KBND Interviews
    • Pat Kesgard, CCIM
    • Peter May, CCIM
    • Ron Ross, CCIM
    • Steve Toomey, CCIM
  • Client Solutions/Case Studies
    • Business Sales
    • Construction Services
    • Property Management
    • Retail & Restaurants
    • Sales/Leasing
  • Compass Commercial News
    • Awards & Lists
    • Compass Cares
    • Press Releases
      • Business Sales
    • Transaction News
  • CRE Industry
  • Helpful Resources & Links
    • Community Resources
    • FAQ: Common CRE Questions
  • Investing in CRE
  • Local Economy & Community
    • Economic Development
  • Market Research
    • Central Oregon Multifamily News
    • Compass Points Market Report
  • Op Ed
  • Uncategorized

Get In Touch

  • 600 SW Columbia St., Suite 6100 Bend, OR 97702
  • 541-383-2444
  • info@compasscommercial.com
  • www.compasscommercial.com

Leave a Review

What We Offer

Services

Brokerage

Asset & Property Management

Construction Services

Featured Properties

Our Company

About Compass

Experience

Compass Cares

Our Team

Join the Team

Learn More

Market Report

CRE Resources

Press Releases

Client Stories

Construction Portfolio

Why Central Oregon

© Copyright 2020 Compass Commercial. Digital Marketing Agency Credit.

Signup for News & Listing Alerts   |    Contact Us   |    (541) 383-2444