A company based in Richland, Washington, has bought a warehouse and retail complex on the northern edge of Bend and opened a floor-covering supply business.
CLC Bend LLC paid $1.85 million to Maple Sheldon Park 2011 LLC, a New York hedge fund, for the entire 30,000-square-foot building at Hunnell and Cooley roads, according to Deschutes County records and Compass Commercial Real Estate Services.
The company, doing business as Cost Less Carpet, supplies floor covering and countertops to builders and do-it-yourselfers.
Joni and Bruce Boyle, managers of the Bend store, have an ownership stake in the building, Jeff Gardner, Cost Less general manager in Richland, said in an email.
Cost Less Carpet already has inventory in the building. It deals primarily with builders but expects to ramp up its retail sales as soon as it can create a showroom, said Joni Boyle.
“We haven’t really gone out to the masses to say that we’re open,” she said.
In addition to warehouse space, already filled with stacks of floor covering, the building comes with two tenants: Pono Farm & Fine Meats and Carpet Smart, a carpet cleaning business. Boyle said she expects two other tenants to move in soon, one of which is a digital marketing company.
Cost Less Carpet joins several existing Central Oregon flooring supply businesses, including Direct Flooring Center and I & J Carpets, both in Bend.
The Rupp family started Cost Less Carpet in 1993 in Richland; it now has branches in eight other locations in four states, including Bend. Gardner wrote in the email that “Bend is coming on strong again, and we feel that our concept has great benefit for Bend and its surrounding communities.”
Six of the nine Cost Less locations, including the one in Bend, have owner-manager relationships, meaning the dealers are invested in the company as well as owning a share of the real estate where they operate, Gardner wrote.
“Bruce and Joni … most of all are great people with a focus on customer service,” he wrote.
Boyle said she and her husband worked in real estate for several years, and she has a background in marketing. But, “this is our first time in this kind of business,” she said.
— Reporter: 541-617-7815, firstname.lastname@example.org