October 18, 2021

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Oregon Dept. of Condition Lands Delivers to Industry 778-Acre Improvement Web page in Redmond, Ore.

Property among the largest industrial land web sites accessible for sale in Oregon

REDMOND, Ore., August 16, 2021 – Cushman & Wakefield announced now the organization has been retained as special advisor by Oregon Department of State Lands to market a 778-acre improvement land internet site in the city of Redmond, Oregon. The home is regarded among the the major industrial land web-sites at this time offered for sale in the complete condition of Oregon.

The Cushman & Wakefield profits crew is led by Executive Taking care of Directors Matt Johnson and Mark Carnese and Managing Director Aaron Watt of the firm’s area Portland workplace. The home is nicely located and visible along Freeway 97 on the south edge of Redmond in Deschutes County. Though the site is divisible to a minimum whole lot sizing of 50 acres, the least measurement for the very first sale is 200 acres.

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“There is a shortage of significant great deal industrial land web-sites for advancement in the Central Oregon spot as well statewide, and this web-site provides a key prospect(s) to assemble and provide a vary of important and supportive commercial works by using to a rising and strategic Oregon location—all within a day’s drive of a lot of West Coast markets and ports,” reported Mark Carnese, Govt Director. “Initially, we are preferably trying to get bigger people in the assortment of 200-300 acres that would stimulate manufacturing/R&D utilizes for traded products industries that market products outside the house of Oregon.”

Currently undeveloped and unentitled, the property is located in a Massive Large amount Industrial Zone (LLI) that will enable for flexible traded sector industries together with producing, research and development, and increased education and learning takes advantage of. After the most important sectors have been sited, more professional and retail services could also be permitted. In addition, the assets is located in the city’s recently made South Redmond Urban Renewal Place that gives prospective tax incentives, together with income and payroll tax credits primarily based on work, as well as qualifies for Oregon’s Foodstuff Processor Home Tax Exemption.

In accordance to the Oregon Division of State Lands, the sale will contribute to the Common School Fund, which sends tens of millions of bucks to community faculties every calendar year.

“Oregonians advantage from this sale and long term advancement, which supports economic progress in the Redmond area and statewide training,” claimed Vicki Walker, director of the Oregon Department of State Lands. “Some of the outcomes we’re wanting at contain the creation of additional household wage positions and addition of new and various industries to central Oregon. Additionally, the proceeds will enable fund K-12 faculties in the course of the condition.”

A mid-sized group in Oregon’s Higher Desert Plateau just east of the Cascade Mountain Vary in Central Oregon, Redmond proceeds to remodel by itself with new restaurants, brewpubs, boutiques, and lodging, combined with dynamic outdoor recreation routines 12 months-spherical. The metropolis is property to the region’s professional airport and is positioned at the crossroads of the principal transportation arterials of US Freeway 97 and US Highway 126. Redmond is less than 20 miles north of Bend, 175 miles southeast of Portland/Portland International Airport, and 332 miles from Boise.

Matt Johnson, Govt Director, added, “Redmond is one of the swiftest-rising industrial and residential communities in Oregon. Presently with 30,000 citizens, the Metropolis projects its populace and workforce will carry on to grow to as quite a few as 50,000 by 2040.” Johnson continued, “The Metropolis remains devoted to fostering a small business-friendly weather where by classic family members-owned enterprises, substantial-tech industries, and a wide variety of major organizations all prosper, which will serve as a beneficial edge for individuals intrigued in invest in alternatives at this 778-acre web site.”

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a main international real estate solutions agency that delivers extraordinary price for serious estate occupiers and proprietors. Cushman & Wakefield is amid the biggest real estate providers companies with around 50,000 staff in about 400 workplaces and 60 nations around the world. In 2020, the company had income of $7.8 billion throughout core services of home, services and venture management, leasing, cash markets, valuation and other providers. To master a lot more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.