(Redmond Industrial Park, 601 NE Antler, Redmond, Oregon 72,000+/-RSF | Photo courtesy of Fratzke Commercial Real Estate Advisors)
Fratzke Commercial Real Estate Advisors was honored to represent the Property Owner; Maynard Alves Land & Livestock Redmond, LLC in the largest single lease square footage transaction in the brokerage’s history. 72,000+/- rentable square feet Industrial Building located on Redmond’s north business corridor.
Tom Tapia, CCIM, Principal and Brian Fratzke, CCIM, Principal represented Maynard Alves Land & Livestock Redmond, LLC in this lease transaction.
Fratzke Commercial Solved a Very Daunting Problem
The problem that faced our Property Owner was the fact that the former Tenant, Traeger Pellet Grills, LLC who used that property for manufacturing and packaging Traeger pellets closed their doors suddenly, leaving one of Redmond’s largest Industrial Buildings completely vacant and the Property Owner without a Tenant.
Fratzke Commercial went on the offense with the Property Owner to solve this issue by immediately preparing the building to market to replace the vacancy of Traeger as well as get the building ready to market to replace that large tenant.
“We had aggressively focused on targeting larger Industrial Tenants in marketing this building for our Property Owner and were very pleased with the high level of activity we handled”, Brian Fratzke, CCIM, Principal recently stated. “In a very challenging lease market for Landlords and Tenants alike, our brokerage is seeing an uptick in interest in Industrial For Lease space and our brokerage has been successful in negotiating, sometimes very challenging negotiations successful leases for our Tenants and Property Owners alike”, Brian also states.
The Landlord and Brokerage welcomes BASX Solutions, One of Central Oregon’s largest employers to Redmond Industrial Park with plans to incorporate BASX as the company’s future warehouse for supplies. Fratzke Commercial Real Estate Advisors and the Property Owner, Maynard Alves Land & Livestock Redmond, LLC are excited for the community of Redmond and Central Oregon to have BASX as a Tenant. BASX continues to hire local workers which is good for our local economy. We are so pleased to be able to meet the needs of our local Industry.
Lease Assignment & Assumption of Tenant’s Interest in Lease
In a very complicated four months negotiation, Fratzke Commercial Real Estate Advisors was successful is meeting the needs of CoreRx, Inc., Bend Bio (“Assignee”). Subject property was 13,054+/- rentable square feet located at 2728 NW Potts Court, Suite #100 District 2 East in Bend, Oregon.
Brian Fratzke, CCIM, Principal and Tom Tapia, CCIM, Principal represented CoreRX, Inc., working in cooperation with the existing Tenant and Landlord by formulating a Lease Agreement and “Buy-Out” of Leasehold from Dutchie.
“This was a tough, complicated many moving parts in negotiations for all parties involved where considerable creative thinking and skill were needed to formulate a successful lease negotiation to accomplish everyone’s final goals”, Brian Fratzke stated. “CoreRx provides innovative solutions to the bio-tech and pharmaceutical Industry and its a pleasure to work with companies that help our local economy and provide the clean Industry Central Oregon needs”, Brian also stated.
Fratzke Commercial Real Estate Advisors is so pleased to represent Industry Leaders and this company benefits the bio-tech Industry in our region with job growth in the life-sciences sector. CoreRx, Inc., provides innovative drug formulation, development, GMP manufacturing and packaging solutions to global pharmaceutical and bio-pharmaceutical partners. CoreRx delivers value-added solutions to its partners, from clinic to commercial scale and across a range of dosage forms.
Mountain Modern Airstream
Brian Fratzke, CCIM, Principal and Tom Tapia, CCIM, Principal represented both the Property Owner and Tenant at Glenwood Industrial Park, approximately 9,000+/-/sq.ft..
This is another example of Fratzke Commercial Real Estate Advisors working with a local company who is growing, hiring local employees and brings another unique Industry to our local area. Mountain Modern Airstream is one of the top vintage travel trailer restoration companies in the Pacific Northwest. And despite the countless hours of research, trial and error, and emotions that have accompanied their journey from buying their first Airstream to becoming one of the most trusted custom Airstream restoration companies around, they call it the experience of a lifetime! The owners, Anna and Damian look forward to buying more Airstream travel travelers, working with clients throughout the U.S., and creating the most charming, functional, and beautifully modern Airstream homes ever.
