December 4, 2020
Cushman & Wakefield advised the Oregon Department of State Lands, on behalf of the Common School Fund, in the disposition of roughly 382 acres of land in Bend for $22 million to Lands Bend Corp. The Stevens Road Tract in Southeast Bend is unentitled, however, and is designated for development of a mix of residential, commercial, and industrial land uses.
The buyer is processing a Master Plan consistent with Bend’s Comprehensive Plan for the central Oregon site at 21425 Stevens Rd.
Lands Bend Corp’s Gary Miller says, “Stevens Ranch will provide, in addition to parks and schools, much needed housing, commercial centers and industrial opportunities. Bend is undoubtedly the finest city in the state, and Stevens Ranch, one of the largest master plan communities in the Pacific Northwest, will strive to meet the expectations of the community.”
Cushman & Wakefield’s Matt Johnson and Matt Davis handled the land deal.
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Tags: Acquisition, Apartments & Multifamily, Development, Housing, Industrial, Land
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