Ethos Development and Alpine Capital Investments Acquire Redmond Industrial Park in Redmond, Oregon
March 30, 2026
Redmond, OR – Ethos Development, a Portland, Oregon-based real estate investment and development firm, in partnership with Alpine Capital Investments, a San Diego-based real estate investment firm, has acquired Redmond Industrial Park, a 200,000-square-foot, fully leased, multi-tenant industrial asset situated on approximately 45 acres in Redmond, Oregon, with significant long-term development potential.
The property consists of four industrial buildings and approximately 26 acres of excess land, providing immediate scale, stable in-place cash flow, and meaningful opportunities for future expansion. Strategically located just off U.S. Highway 97 and minutes from Redmond Municipal Airport, the asset is positioned within one of Central Oregon’s fastest-growing industrial corridors, benefiting from strong regional population growth, expanding infrastructure, and increasing demand for industrial and logistics space.
“Redmond represents one of the most compelling industrial markets in the Pacific Northwest today,” said Paul Del Vecchio, CEO of Ethos Development. “With strong tenant demand, limited supply of industrial-zoned land, high barriers to entry, and continued investment in regional infrastructure, this acquisition provides a unique opportunity to acquire scale at an attractive basis while creating meaningful long-term value.”
The property is currently 100% leased to a diverse mix of regional and national tenants, including BasX Solutions and Old Dominion Freight Line, providing stable in-place income supported by strong market fundamentals.
“Redmond Industrial Park offers a rare combination of strategic advantages that position it for sustained success,” said Alex Gudim, Manager of Alpine Capital Investments. “Its valuable rail-served functionality in a region where such infrastructure is limited, creates a highly differentiated platform for both current tenants and future development. These attributes, along with the park’s scale and location, reinforce our conviction in the long-term growth potential of this investment.”
KCB Private Equity is participating as a capital partner in the investment, Ethos Commercial Advisors as debt broker, Meritus Property Group as property manager, and Fratzke Commercial as investment sales broker.
About Ethos Development:
Ethos Development is a Portland-based real estate firm active across the West Coast, focused on thoughtful, design-driven projects spanning multifamily and commercial asset classes. The firm brings a multidisciplinary approach to development, investment, and asset management.
About Alpine Capital Investments:
Alpine Capital Investments is a San Diego-based privately held real estate investment firm focused on acquiring undervalued commercial assets and creating long-term value through disciplined execution and strategic asset management.
