The site of the former Brooks-Scanlon crane shed building on SW Industrial Way is about to see some action. Crane Shed, LLC submitted site plans to the city to devel-op Crane Shed Commons, a state-of-the-art, Class A, four-story building consisting of 50,000 square feet of flexible office and creative space. With groundbreaking an-ticipated in early 2016, the $13 million project will be the city’s first speculative office building of its size built in nearly a decade.
With its stellar views overlooking the Old Mill District, the Deschutes River and the Cascade Mountains, Crane Shed Commons will capitalize on the site’s prime loca-tion just minutes from downtown, Highway 97 and the Deschutes River Trail. Nearby amenities such as the new Bend Whitewater Park, the Simpson Pavilion (an ice-skating sports complex currently near completion) and shops at the Old Mill District are all within walking distance.
Over the past year, as construction projects ramped up in the area surrounding the Crane Shed Commons development site, plans for new office space remained scarce. Recent activity has included renovations at Old Mill Marketplace, the con-struction of Base Camp (a modern residential project to the west of Crane Shed Commons), a Market of Choice grocery store to the north and a new a Springhill Suites by Marriott, soon to be developed adjacent the site, to the east. Crane Shed Commons will supply Bend with a much-needed supply of flexible office space.
“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 opti-mal 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 percent 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.”
Read more at: www.compasscommercial.com. For additional project details and leasing information, contact Erich Schultz or Jay Lyons at Compass Commercial at 541-383-2444.