Frank’s Landing in Redmond fully leased
Published 12:00 am Saturday, September 20, 2014
- Joe Kline / The Bulletin The Frankís Landing shopping center in Redmond on Friday afternoon. A new lease brings the landmark retail corner to full capacity.
Two commercial real estate brokers reported a handful of recent transactions, including a lease that brings to full occupancy a landmark retail corner in Redmond.
BeginRight, a Portland-based staffing agency, leased the last available space at Frank’s Landing, on SW 21st Street just off the U.S. Highway 97 and Airport Way interchange. BeginRight expects to open in mid- to late October, with a staff of one manager and another three employees, said Joanne Bell, company president and founder.
“We’re just excited about coming there,” Bell said Friday.
Frank’s Landing, built in 2005, never experienced 100 percent occupancy until BeginRight leased its 1,396 square feet, said real estate broker Peter May of Compass Commercial Real Estate, the owner’s representative.
The 29-year-old staffing agency has two offices in the Portland area and one in Vancouver, Washington, Bell said. Redmond’s central location appealed to the firm, as well as the freeway accessibility and visibility of the site itself.
“We have companies that we work with here that are opening offices there, and that has us excited about going there, too,” Bell said. She declined Friday to identify the companies she’s working with.
BeginRight specializes in placing workers in manufacturing, packaging, food processing and clerical jobs. It also places professional clients in jobs and recruits for upper management positions, Bell said.
Five parcels make up the Frank’s Landing subdivision on the southwest corner of U.S. 97 and Airport Way. Three belong to Concourse 97, a Pasadena, California, limited partnership, according to Deschutes County property records. One is undeveloped; a second, 3835 SW 21st St., is home to Northwest Community Credit Union; the third, 3853 SW 21st St., is leased by Straw Hat Pizza and 1440 Fitness.
Adair Homes, a homebuilding company in Oregon and Washington, along with BeginRight, also leased office space in the Concourse 97 property, May said.
In Bend, a company that manufactures nitrogen generators, customized aviation work platforms and other specialized products, has purchased the 14,200-square-foot Balzer Industrial Building, 20676 Carmen Loop, for $1.13 million, according to the county clerk’s office. The company, Vancouver, Washington-based Ameracle Development LLC, on behalf of CV International, will occupy the new acquisition adjacent to the CV International facility at 20680 Carmen Loop.
Brian Fratzke and Erik Grabowski of Fratzke Commercial Real Estate represented the seller, Balzer Painting Inc., a Tualatin firm. Compass Commercial represented Ameracle.
George Darcy, marketing manager for CV International and an Ameracle manager, by email Friday stated the company had no immediate comment on its plans for the Balzer property. A representative of Balzer Painting Inc. could not be reached Friday.
— Reporter: 541-617-7815, jditzler@bendbulletin.com