Bend, Ore. – Developers are planning for an additional 50,000 square feet to Bend’s tight office market supply. The $13 million four-story Crane Shed Commons is Bend’s first project of this scale in nearly a decade.
It’s the site of the former Brooks-Scanlon crane shed building on SW Industrial Way. Crane Shed, LLC last week submitted site plans to the city to develop Crane Shed into a “state-of-the-art, Class A, four-story building” consisting of 50,000 square feet of flexible office and creative space.
The Office building will have views overlooking the Old Mill District, the Deschutes River and the Cascade Mountains.
“With Bend vacancy rates so low, new commercial real estate development is critical to the growth of our economy,” noted Robyn Sharp, Bend Area Manager for EDCO. “Crane Shed Commons will be a welcome addition for its added space as well as the benefits in the form of short term construction related jobs. The state-of-the-art project will provide an exceptional opportunity for ongoing business operations.”
Leasing agents for Crane Shed Commons, Erich Schultz, SIOR and Jay Lyons, CCIM with Compass Commercial Real Estate Services, confirm the project’s optimal timing.
“Construction of this project can’t come soon enough,” affirms Schultz, lead broker for the project. “Today, the office vacancy rate in Bend is just 9% and dropping, with only a few spaces available in Bend that can accommodate tenants needing over 5,000 square feet. When Crane Shed Commons comes on line in 2017, the Bend office market will be even tighter.”
If you see local news happen, call the Horizon Broadcasting Group News Tip Hotline at 541-323-NEWS, or email us.
