Developer Taylor Brooks sells lot at Bend’s Juniper Ridge to Central Oregon Irrigation District
BEND, Ore. (KTVZ) -- Real estate developer Taylor Brooks recently announced that it has sold Lot 5 of the Cooley Road Industrial Lots subdivision at Juniper Ridge to the Central Oregon Irrigation District. The 5.72-acre lot is south of Cooley Road and includes a portion of COID’s main canal.
The sale price for the parcel was not disclosed.
When asked about how this land was specifically selected, Craig Horrell, managing director of COID, said, “COID has been here for 100+ years and will be here for a hundred more – this property provides the district flexibility to manage staff, operations, and infrastructure in a location that provides convenient access to our two canals and the roughly 3,500 patrons we serve.”
According to Taylor Brooks' announcement, the COID Board of Directors recognized the strategic value in purchasing the lot for various reasons.
First, a good portion of the lot is encumbered with COID easements and infrastructure. Those items can pose a challenge for a different entity, but for COID, having direct access to its pipeline and forebay structure is a benefit.
Also, the property is centrally located within COID's service territory and is located minutes from its Juniper Ridge hydroelectric facility. It could also provide an optimal location for future COID office space, since it routinely interacts with businesses, agencies and other stakeholders in Bend.
In addition, COID is in a rapidly urbanizing area, which increases the costs of delivering water to its patrons. As a result, the district is seeking other streams of revenue to keep up with those costs. COID has the opportunity to create leasable, "flex" industrial space on this property.
While COID has not yet begun planning for the development of the site, the irrigation district expects that it will likely begin in 2027 or 2028. COID bought the parcel with the proceeds from a sale of property in the Redmond area and says the purchase won't impact patrons' rates.
Taylor Brooks has four developed industrial lots remaining fronting Cooley Road in Juniper Ridge, ranging from just under 2 acres to 5.5 acres in size, at listing prices of $1.31 million to $3.72 million. Those interested in learning more were advised to contact Jay Lyons at Compass Commercial or view the listing.
About Taylor Brooks
Taylor Brooks is a Bend-based real estate development company specializing in land acquisition, site planning, and complex build-to-suit projects that support long-term community growth and economic vitality. It specializes in development of healthcare, office, and flex industrial spaces. The company also offers its tenants full-service commercial property management capabilities, with a focus on maintaining strong relationships. Taylor Brooks is a partnership of Taylor Development LLC and Brooks Resources Corporation. www.taylorbrooksdev.com.
