Telos Development

Telos Development, an Oregon Subchapter S corporation, was formed in 1990 by its president, David Glennie. Based in Salem, Oregon, Telos initially emerged to take advantage of development opportunities in conjunction with Payless Drug Stores (now Rite-Aid). These initial opportunities stemmed from David Glennie and Glennie Property Investments' pre... vious participation in Payless Drug's commercial developments throughout the Pacific Northwest. The relationship continued through 1994 with Telos purchasing and developing properties in Prineville, Silverton and Hines for Payless. In 1995, Telos completed a 12 year lease with the State of Oregon to construct and manage regional offices in Prineville for the Department of Human Resources (the "DHR Building"). Telos' first affordable housing project, Quail Court, was built between 1999 and 2000 in Burns, Oregon. The following years saw three more affordable housing tax credit projects: Goodwin Court in 2002-a downtown mixed-use project in Pendleton; Ridgeview Commons in 2003-an apartment complex in Prineville and NK West-another mixed-use building in La Grande, slated for completion in 2005. Telos also constructed a new retail building in Prineville (for Blockbuster Video) during 2003. Telos is currently reviewing numerous new projects throughout Oregon and Washington.Read More