The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Bend Bulletin Building Bought for $13.15 Mil

1/09/20

The Bend Bulletin building in Bend, OR was purchased by Chandler Center LLC for $13.15 mil. The property, which was marketed as part of Western Communications’ bankruptcy proceedings, contains 86.4k sf ($152/sf) of office and industrial space on 9.78 acres at 1777 SW Chandler Ave.

The Bend Bulletin was built in 2000 by Western Communications to house the staff and printing press for the Bend Bulletin newspaper. EO Media Group, who acquired the Bend Bulletin earlier this year, will lease a portion of the building.

Paige Morgan and Charles Safley at CBRE’s Portland office partnered with Gardner Williams and Graham Dent of Compass Commercial in Bend to represent the seller, while Dan Kemp with Compass Commercial repped the buyer.

“The Bend Bulletin building offered a unique opportunity to control a large block of quality office and industrial space in a low vacancy, land-constrained market with limited supply,” said CBRE’s Paige Morgan. “In addition to the existing building, the sale included more than nine acres of land that’s zoned for mixed-use development.”

“This property is located on the highly-desirable west side of Bend near many of our city’s most sought-after amenities,” said Compass Commercial’s Gardner Williams. “As the new owner looks to further develop the property, it will be able to provide tenants a convenient location and a competitive advantage for recruiting employees.”

Bend was ranked as the “Best Performing Small City” in the nation by The Milken Institute in 2018, which is the third consecutive year the metro has taken that honor. The organization cited unmatched 5-year job and wage growth, strong high-tech performance and substantial investment in its knowledge economy via the Oregon State University-Cascades Campus. The Bend metro boasts an unemployment rate of 3.6% and projected job growth of 55.7%, compared to a national average of 33.5%, over the next 10 years.

Dan Kemp and Adam Bledsoe from Compass Commercial Real Estate have been hired to re-tenant the building.






Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media