Barney Lerten
(Update: Adding video)
BEND, Ore. (KTVZ) — Planners at Oregon State University-Cascades said Monday they are seeking to sell the Graduate & Research Center as they prepare for the consolidation of academic and other operations onto the university campus on Chandler Avenue in Bend.
The Graduate & Research Center will be listed for sale this week with Fratzke Commercial for $8.2 million, the university said in Monday’s announcement.
The Graduate & Research Center is OSU-Cascades’ only off-campus property. Located at 650 SW Columbia Street in Bend, the 28,000-square-foot building was purchased in 2011 with private, state and university funds.
“By selling the Graduate & Research Center as outlined in our long-range development plan, we can centralize our mission on OSU-Cascades’ 128-acre campus, enhancing student engagement; increasing student, faculty and staff interactions; and providing more cost-efficient access to services,” said Laurie Hill, chief business officer at OSU-Cascades.
Hill explained that proceeds from a sale would be reinvested in the development of the campus.
The Graduate & Research Center currently houses classrooms and other space for master’s programs in teaching and counseling, an undergraduate computer science program, the Human and Ecosystem Resiliency and Sustainability Lab, the Laboratory for the American Conversation and the Central Oregon Innovation Hub, and other campus groups.
The building hosts classes for about 285 students each term and office space for about 30 faculty, researchers and staff, including in shared workspaces. Following the sale of the building, employees and academic operations will be eventually moved to the nearby campus.
The Graduate & Research Center also houses an early childhood learning center, which will move into to the new Little Kits Early Learning and Child Care Center, located on the OSU-Cascades campus. Little Kits is slated to open in August.
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News release from Fratzke Commercial Real Estate Advisors:
Fratzke Commercial Real Estate Advisors, Inc.,
Announces Oregon State University – Cascades campus,
Graduate & Research Center – FOR SALE.
Bend, Oregon, July 7th, 2025 – Fratzke Commercial Real Estate Advisors, Inc., is proud to announce the Oregon State University-Cascades campus, Graduate & Research Center, is now FOR SALE.
Located at 650 NW Columbia Avenue, Bend, Oregon, the 27,394+/- Rentable Square Foot, Class A steel frame building, formerly known as Millpoint 7000, is now for sale at $8,225,000.00.
The building is designed and engineered as a three (3)-level steel structure including dedicated tuck under parking, elevator service, Three Phase 480v, 2000 amp, electrical service, providing the Buyer, in place utilities to support a Biotech/Research & Development Facility, Manufacturing, or in-suite Medical Surgery Center and related medical services.
The decision to sell the GRC supports OSU’s strategic goals, consolidating all instruction on the One hundred twenty-eight (128) acre contiguous campus on Century Drive and Chandler Avenue, Bend, Oregon. The proceeds from the sale will be used for the development of infrastructure and buildings for the growth of OSU-Cascades.
Fratzke Commercial is the Exclusive Commercial Real Estate Brokerage marketing the GRC for sale.
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