Challenge & Solution
When Killian Pacific acquired The Box Factory in 2013 it was 35% vacant with significant deferred maintenance. Compass Commercial was tasked with re-tenanting the vacant spaces and repositioning the property in the marketplace from an asset management standpoint. Of the 28 suites, only seven original tenants had remained at the property since it was purchased.
Significant improvements and code compliance upgrades were made to each suite with every new lease and the property is now fully redeveloped and has become an iconic mixed-use project in the heart of Bend.