Brooks Resources buys former Murray & Holt property
Brooks Resources Corporation , a Bend-based real estate development company, announced Monday they have closed on their purchase of the property located at 181 Northeast Franklin Avenue. The 1.76-acre property was most recently home to the Murray & Holt auto dealership, a fixture in Bend since 1957.
The property is located in the Bend Central District (BCD), an area identified by the city of Bend for infill and redevelopment opportunities. Both buyer and seller were represented by Compass Commercial Real Estate Services; terms of the purchase were not disclosed.
“Brooks Resources has an interest in seeing the Bend Central District flourish and we see this property as an essential asset to the BCD,” says Kirk Schueler, President & CEO of Brooks Resources. “While we have explored different development concepts, we don’t have an immediate plan for the property. We’re making an investment in the potential of this land and hope to create a mixed-use development in the future that is well received by the entire city of Bend.”
“Everyone is so excited for positive changes to take place in the BCD, and I couldn’t be more pleased that Brooks Resources has purchased a key property on Franklin Avenue,” says Moey Newbold, coordinator for the grassroots BCD Initiative . ” With their deep roots and consistently cutting-edge vision for the future of Bend, Brooks Resources is the perfect developer to be a pioneer in creating a vibrant mixed-use neighborhood in this severely under-loved area.”
Jack Holt, the seller in the transaction, says he is also pleased with the opportunities for the property that exist with Brooks Resources.
” The Brooks name has been an undisputed leader in the development of Bend, from the mill town the Brooks-Scanlon sawmill operated for many years to the properties developed by Brooks Resources. Bend changed, and so did Brooks,” Holt says. “This commitment to Bend’s future through the new BCD overlay is a perfect fit for Brooks Resources. The result is a win-win for both parties and the community. I am very confident they will be the absolute best stewards of this unique property for a higher and better use. I wish them all the best in this new venture.”
“We have enjoyed working with Mr. Holt on this transaction and appreciate his confidence in us,” says Schueler. “We feel certain that we can accomplish something he will be proud of.”
About Brooks Resources Corporation
Brooks Resources Corporation, based in Bend, Oregon, is a real estate development company that has delivered quality real estate products and services in Central Oregon since 1969. Offering a diverse choice of premier neighborhoods in Central Oregon, Brooks Resources Corporation is committed to the preservation of natural environment around home sites, positive growth of communities and an active relationship with the communities of Central Oregon.
The company’s recent developments include North Rim on Awbrey Butte, IronHorse in Prineville, NorthWest Crossing (a joint venture with Tennant Family Limited Partnership) and The Tree Farm, a joint venture with the Miller Family and development partners in NorthWest Crossing. Upcoming projects include Discovery West, a development with the partners of NorthWest Crossing, as well as opportunities for more urban development on smaller parcels, such as 181 Franklin. Additionally, the company operates Mount Bachelor Village Resort and Brooks Resources Realty. For more information, visit www.brooksresources.com .
