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New home for Dutch Bros.

Travis Boersma, co-founder of Dutch Bros. Coffee, publicly discussed just two weeks ago his intention to move the company's headquarters downtown in six months to a year.

He wasn't kidding.

In a joint statement issued Monday, Dutch Bros. and Washington Federal announced the sale of the bank's branch in downtown Grants Pass to Dutch Bros. Terms of the deal were not disclosed.

The location at 110 S.W. Fourth St. is across the street from the Town Center Plaza, which Dutch Bros. also recently purchased. It is also where Boersma and his late brother, Dane, started the company with a single cart 25 years ago.

"We have been looking for the opportunity to relocate the Dutch Bros. headquarters back into the downtown area of Grants Pass," stated Boersma. "I'm ecstatic that we're finally seeing our dream of moving into Grants Pass a reality.

"We planted Dutch Bros.' roots here in 1992, and our commitment to Grants Pass has never changed."

According to Dutch Bros. spokesperson Jennifer Wheatley, Boersma has been working on the deal with Washington Federal since last fall.

Wheatley said the exact number of employees slated to relocate downtown has yet to be determined, but the roasting operation and the company's online store will likely remain in Merlin.

There are 164 employees at the company's headquarters in the North Valley Industrial Park.

Washington Federal is located directly across the street from the Town Center Plaza, which the company purchased in January. Boersma has said the plaza will remain in some form of public use and will not be used for company operations.

Work has been underway inside the space at the east end of that shopping center, where an indoor soccer facility is being built.

The acquisition of the bank property comes on the heels of Boersma inking a deal to install an artificial turf athletic field in the infield of Grants Pass Downs at the Josephine County Fairgrounds.

Peggy Hobin, regional president of Washington Federal, said the bank plans to take over the former Home Federal Bank location at 660 S.E. Seventh St., at Seventh and L streets. The move is scheduled for August.

The branch was not looking to move, but when approached by Dutch Bros. about purchasing the building and the company's desire to relocate its headquarters downtown, "We realized that we could facilitate this transaction so that Washington Federal doesn't leave downtown either.

"This is one of those deals that has mutual benefit, and feels right, for both businesses," she continued, adding, "This is good for the city and good for us."

Dutch Bros. is the country's largest privately held, drive-thru coffee company, with more than 280 locations and over 7,000 employees in seven states.

Boersma and his late brother, Dane, started the company in 1992 with a single cart in the parking lot of Caveman Plaza, now known as Town Center Plaza.

Washington Federal is a Seattle-based national bank that was established in 1917 as Ballard Savings and Loan, and now operates 238 branches in Washington, Oregon, Idaho, Utah, Arizona, Nevada and New Mexico.

— Reach Daily Courier business reporter Lisa Whiting at 541-474-3718 or lwhiting@thedailycourier.com