REBusinessOnline

Overbay Development Co. Sells Wagner Mall, Pinebrook Plaza in Bend, Oregon

BEND, ORE. — Overbay Development Co. has completed the disposition of Wagner Mall and Pinebrook Plaza, two shopping centers located in Bend. Western Pacific Holdings acquired the both assets for an undisclosed price.

Located at 1800 NE Third St., Wagner Mall features 108,818 square feet of retail space, including Albertsons, Rite Aid and Aaron’s as tenants. The Wagner Mall sale include the mall, large box spaces and the surrounding pad sites, totaling 9.35 acres. Located at 61155 Highway 97, the 59,509-square-foot Pinebrook Plaza is currently home to Albertsons and other retailers. Totaling 5.97 acres, the Pinebrook Plaza sale included the main building and a standalone Shari’s restaurant.

Pat Kesgard and Kristie Schmitt of Compass Commercial Real Estate Services, along with John Keba and Holley Jensen of Compass Commercial Asset & Property Management, represented the seller. Russell Huntamer and Tom Standish, also of Compass Commercial Real Estate Services, represented the buyer in the transactions.

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