Central Oregon CRE Update – August Transactions

by Compass Commercialon 13 September 2018in Transaction News

We are pleased to announce notable commercial transactions closed by the firm during the second half of August.

Brokers Dan Kemp, Jay Lyons, SIOR, CCIM and Grant Schultz of Compass Commercial Real Estate Services represented both the seller, Robinson Partners and the buyer, Hallmark Inns & Resorts, Inc. in the purchase of 2.59 acres of commercial land located at 2790 NE Conners Avenue in Bend, near St. Charles. The transaction was valued at $1,798,618.

Brokers Ron Ross, CCIM and Terry O’Neil, CCIM of Compass Commercial Real Estate Services represented the seller in the sale of a triplex located at 454 NW Riverside Boulevard in Bend. The sale price was $975,000.

Familywise Digital, Inc. leased a 18,435 square foot industrial suite in the building located at 20495 Murray Road in Bend. Brokers Bruce Churchill and Dan Kemp of Compass Commercial Real Estate Services represented both the landlord, Next Development Group, LLC and the tenant.

ColeBreit Engineering, LLC has leased a 2,959 square foot office suite located in Crane Shed Commons at 721 SW Industrial Way in Bend. Brokers Jay Lyons, SIOR, CCIM and Grant Schultz of Compass Commercial Real Estate Services represented both the landlord and tenant in this transaction.

Teriyaki Madness leased a 1,358 square foot retail suite in the Forum Shopping Center located at the corner of Highway 20 and 27th Street in Bend. Compass Commercial Real Estate Services brokers Russell Huntamer, CCIM and Peter May, CCIM represented Forum Holdings, the landlord, in the transaction.

Danner Boots leased a 2,385 square foot retail suite in the Box Factory at 555 NW Arizona Avenue in Bend. Compass Commercial Real Estate Services brokers Russell Huntamer, CCIM, Jay Lyons, SIOR, CCIM and Grant Schultz represented Old Mill Retail, LLC, the landlord in the transaction.

Jimmy John’s leased a 1,200 square foot retail suite located at 2922 S 6th Street in Klamath Falls, Oregon. Broker Joel Thomas, CCIM of Compass Commercial Real Estate Services represented the tenant and broker Russell Huntamer, CCIM of Compass Commercial represented the landlord.

BSD Holdings, LLC leased a 1,062 square foot retail suite located in the Box Factory at 550 SW Industrial Way. The tenant was represented by brokers Jay Lyons, SIOR, CCIM, Adam Bledsoe and Grant Schultz of Compass Commercial Real Estate Services. Old Mill Retail, LLC, the landlord, was represented by Compass Commercial brokers Russell Huntamer, CCIM, Jay and Grant.

Suterra, LLC leased a 29,300 square foot industrial building located at 1941 NW Industrial Park Road in Prineville. Compass Commercial Real Estate Services broker Bruce Churchill represented the tenant in the transaction.

Compass Commercial Real Estate Services brokers Pat Kesgard, CCIM and Kerri Standerwick represented the seller of 1.03 acres of residential land located at 2372 SW 25th Street in Redmond.

Compass Commercial Asset & Property Management’s property manager Luke Ross, broker represented the landlord, Shep East, LLC in leasing 6,875 square feet of industrial space located at 1320 SE Armour Road in Bend to Imagine Stoneworks, Inc.

Serán BioScience, Inc. leased a 3,516 square foot industrial suite located in the new industrial building located at 63052 Layton Avenue in Bend. Compass Commercial Real Estate Services brokers Jay Lyons, SIOR, CCIM and Grant Schultz represented both the tenant and Willis R. Brown Trust, the landlord in the transaction.

Progressive Screen Printing leased a 2,750 square foot office suite located at 20756 High Desert Court in Bend. The landlord JC-ITM, LLC was represented by regional property manager and broker Paul Weaver of Compass Commercial Asset & Property Management.

If you have questions about these transactions, please contact the appropriate broker at Compass Commercial Real Estate Services by calling 541.383.2444.

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

CCCS: Buildout for Refine Medical

by Compass Commercialon 18 May 2018in Construction Services

Refine Medical recently celebrated their grand opening on Bend’s west side. Owned and operated by Dr. Pamela E. Mondorf, MD, Refine Medical is a medi spa providing client treatments including medical weight loss, laser body sculpting, bio-identical hormone balance and medical aesthetics. Compass Commercial Construction Services (CCCS) completed the tenant buildout in suite 140 of the new medical building located at 1835 NW Pence Lane in Bend.

To best serve Refine Medical’s clients, CCCS created a welcoming space including a calming reception area, private office, a relaxing staff break room, custom nurses’ station and three functional treatment rooms. Custom built stations and high-end features are included in the space, as well as medical-grade requirements necessary to meet state regulations. Dr. Mondorf worked closely with CCCS throughout the project and said, “The time I spent working with Steve Hendley and his crew at Compass Commercial was time well spent. I was impressed with their professionalism, and there is no question that the end result was exactly what I expected, a finely crafted and beautiful office.”

Steve Hendley, managing member of Compass Commercial Construction Services shared his experience of this buildout saying, “Commercial construction like this requires the same effort and care of a custom home build. Dr. Mondorf had specific needs and requirements, as well as expectations of the finished product, and we worked with her every day to meet those goals.”

Compass Commercial Real Estate Services brokers Pat Kesgard, CCIM and Kerri Standerwick represented Dr. Pamela Mondorf, MD on the lease transaction and were instrumental in helping to find the right location for Refine Medical.

In addition to CCCS, vendors on the project included Garthwaite Electric, Loomis Plumbing, Floor Décor, Bend Cabinets, Varner Construction, Tekneek Architecture and Bend Heating for the HVAC.

If you have questions about this press release, please contact Steve Hendley of Compass Commercial Construction Services at 541-848-4073.

About Refine Medical
Refine Medical is Bend’s new destination for aesthetic medicine and wellness providing patients in Central Oregon with bio-identical hormone treatments, medical weight loss, laser body sculpting, medical aesthetics and more. It is their belief that true beauty already lives within their patients, and it is their privilege to partner with them to bring that beauty to the surface.

About Compass Commercial Construction Services
Compass Commercial Construction Services offers client-focused, problem-solving options for all aspects of commercial construction projects. Past projects have involved ground up construction and tenant improvements, specializing in office, restaurant, retail and industrial commercial real estate properties. Find more information at compasscommercial.com/CS.

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.

Juniper Ridge Employment Sites in Bend, OR

Juniper Ridge Employment Sites Update

by Compass Commercialon 19 December 2017in Compass Commercial News

Juniper Ridge experienced significant sales activity in 2017. Of the seven developed business sites, one was sold, three are pending, and three remain available. The remaining available sites range in size from 2.7 to 6.3 acres. Juniper Ridge is currently anchored by Suterra and the Les Schwab Corporate Headquarters. Announced companies soon to join them include Bend Mailing Service and Thuren Fabrication.

Juniper Ridge has easy access to the Redmond Airport and is at the center of Central Oregon. Sites have infrastructure in place and the zoning overlay for Juniper Ridge allows many different uses, including but not limited to medical or dental labs, distribution and warehousing or trade and vocational schools. The City’s long-term vision for the land includes employment, parks and mixed use.

For questions about the property, contact Ron Ross, CCIM, Dan Kemp, Pat Kesgard, CCIM, or Kerri Standerwick.

Kerri Standerwick, Rotary Rising Star Award Winner

Broker recipient of Rotary Rising Star award

by Compass Commercialon 5 September 2017in Press Releases

We are pleased to announce commercial real estate broker Kerri Standerwick received the Rising Star award from the Rotary Club of Bend. She has been involved with the organization for just over a year. During the last year, Kerri has taken advantage of the opportunity to participate in service with like-minded business members in the community. She is currently serving as Chairperson for the 2017 Great Drake Park Duck Race coming up this weekend, Sunday, September 10th.

The motto for Rotary is “Service above Self,” and the organization focuses on the values of service, fellowship, diversity, integrity and leadership. The very essence of the organization meets with Kerri’s values, providing the expectation of coming together each week for the betterment of the world, locally and globally through action rather than discussion alone. According to Kerri, this culture of improvement “creates the path for all discussions, projects, and gatherings to take place in a more productive environment. Because of this, I believe Rotary builds a culture of friendship and not just a networking mentality.”

The upcoming Great Drake Park Duck Race is only one example of this local betterment. The event turns the sale of duck tickets into proceeds benefiting such local charities as Younity, Bethlehem Inn, Mountain Star Family Relief Nursery, The Center Foundation, DAWNS House, Grandma’s House of Central Oregon and Community Shower Truck. This is the 28th year for the Bend event, and has raised over $1.6 million for similar charitable organizations serving Central Oregon.

The last day to purchase Duck Tickets is Wednesday, September 6, 2017.

Standerwick Joins Supper Club to Talk Rental Market

by Compass Commercialon 12 April 2017in Local Economy & Community

Central Oregon Daily’s “Supper Club” series dinner held earlier this week to discuss the current policy in the residential rental market. State representatives have passed tenant protection bill that would lift rent control and provide more protections from no-cause evictions by landlords.

Local housing industry members who shared their perspectives, included Kerri Standerwick, broker for Compass Commercial Real Estate Services, Jeanette Lockwood, GM & Property Manager with Plus Property Management and Christin Hunter, Real Estate Broker with Windermere Central Oregon Real Estate.

Watch the clip and hear their thoughts on the present market for the residential rental market.

Kerri Standerwick, broker with Compass Commercial Real Estate Services in Bend, OR

Help us welcome Kerri Standerwick

by Compass Commercialon 27 April 2016in Press Releases

BEND, OR, April 27, 2016 – Compass Commercial Real Estate Services, Central Oregon’s foremost-accredited commercial real estate services firm is pleased to announce the addition of Kerri Standerwick as broker at the Bend based firm.

Standerwick brings with her a combined 25 years of experience in private and commercial banking and lending. She joins the company most recently from Harcourts The Garner Group Real Estate LLC in Bend.

Previously, Standerwick was vice president, commercial relationship manager for Home Federal Bank where she managed a diverse portfolio of lending relationships. Prior to her position at Home Federal, she worked at Wells Fargo Bank as vice president, private banking manager and held additional roles in banking and underwriting at the company’s offices in Bend and Portland.

“Kerri’s real estate, financial services and extensive client relationship experience is a welcome addition to our brokerage team,” said Pat Kesgard, CCIM, president of Compass Commercial. “Clients investing in commercial property in Central Oregon will appreciate the unique perspective Kerri offers, which includes an ability to advise clients on all facets of negotiation involved in commercial real estate transactions.”

Standerwick and her family relocated to Bend in 2005 after vacationing in the area for many years. She is an active member of the community and currently serves on the Board of Directors for Bend Habitat for Humanity and is a member of the City of Bend Affordable Housing Committee.

Contact Kerri Standerwick at 541.383.2444 x 4068 or kstanderwick@compasscommercial.com.

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