The historic Post Office Plaza, a 19,352-square-foot building in downtown Bend, has sold for $4.3 million. The three-story building at 777 NW Wall St. has been an iconic landmark in Bend since its construction in 1932.
Deschutes Opportunity Commercial Redevelopment LLC bought the property and plans to redevelop the site while keeping its historic architecture intact, according to a press release.
Compass Commercial Real Estate Services represented the seller, Helena Family LLC, while Fratzke Commercial Real Estate Advisors Inc. represented the buyer.
The building âis one of the last and oldest remaining properties that were not razed for development over the last century, like the Pilot Butte Inn, the Crane Shed or the A.M. Drake Lodge,â said Howard Friedman, a broker representing the seller. âThe purchase of the property by a quality buyer will ensure its legacy in Central Oregon.â
Historic Post Office Plaza in downtown Bend sold for $4.3 million
Compass Commercial
The Post Office Plaza office building in downtown Bend served as the city s post office for 50 years.
Close to asking price for nearly 90-year-old building; new owner plans to keep architecture intact
BEND, Ore. (KTVZ) The historic downtown Bend building known as Post Office Plaza recently sold for $4.3 million to new owners who plan upgrades but to keep its familiar architecture in place, sale participants said Thursday.
That s close to the $4.4 million asking price when it went on the market in late summer. The 19,352-square-foot building, located at 777 NW Wall Street, has maintained its location in the heart of Bend’s historical district since 1932, having served as the community s post office for a half-century, and since then as office space.