Real estate developer Taylor Brooks announced that it has sold Lot 5 of the Cooley Road Industrial Lots subdivision in Juniper Ridge to Central Oregon Irrigation District (COID). The lot is south of Cooley Road and includes a portion of COID’s main canal. Here’s the full media release from Taylor Brooks:
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 3500 patrons we serve.”
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.
Next, the property is centrally located within the service territory of COID and is located minutes from its Juniper Ridge hydro-electric facility. It could also provide an optimal location for future COID office space as it routinely interacts with businesses, agencies, and other stakeholders in Bend.
Further, COID is in a rapidly urbanizing area which increases the costs of delivering water to its patrons. As a result, the district seeks additional 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, it expects that it will likely begin in 2027 or 2028. COID purchased this property with the proceeds from a sale of property in the Redmond area and the purchase will not impact patron rates.
Taylor Brooks has four developed industrial lots remaining fronting Cooley Rd in Juniper Ridge, ranging from just under 2 acres to 5.5 acres in size. Those interested in learning more should 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
