Inside Facebook's Prineville facilities.

Inside Facebook's Prineville facilities.

SEATTLE — Facebook will buy REI’s new and unused Bellevue campus for nearly $368 million, the social media giant said on Monday.

The move further consolidates Facebook’s domain in the upscale Spring District east of Interstate 405 in Bellevue, The Seattle Times reported. Before the acquisition of the 400,000-square-foot REI offices, Facebook was already moving to occupy nearly 850,000 square feet  in three Spring District buildings.

The company, which opened its first Puget Sound office in 2010 with three engineers, now employs more than 5,000 workers in dozens of locations in Seattle, Bellevue and Redmond. That places it alongside Google as the area’s largest out-of-town tech employers. The Seattle area is home to Facebook’s second-largest office footprint, after its headquarters in Menlo Park, California.

“Our growth over the last decade is a testament to the thriving community and immense talent pool that has welcomed us with open arms,” said Nick Raby, Facebook’s director of North American real estate, in a statement. “This purchase doubles downs on our investment in Bellevue and our commitment to the Pacific Northwest.”

The deal signals there is “no single approach” for white-collar employers envisioning the future of office space as work-from-home regimes stretch into their seventh month, said Greg Johnson, the CEO of Spring District developer Wright Runstad & Company.

REI decided to sell its campus after the coronavirus pandemic hammered sales, leading the outdoor equipment retailer to conclude that it couldn’t afford not to sell the space. The company’s work-from-home program also proved to be surprisingly successful, said Ben Steele, REI’s chief customer officer. REI will rely more heavily on remote work and smaller satellite offices.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

(2) comments

superkarna

Nhà lắp ghép Hà Nội nói riêng và toàn quốc nói chung hầu hết được thi công bởi Công ty cổ phần đầu tư phát triển xây dựng Việt Nam (IDC). Nhà lắp ghép hiện được ứng dụng phổ biến trong làm chỗ ở cho công nhân hay thậm chí là homestay, nhà ở. Hiệu quả, bền vững, chất lượng - là những tiêu chí mà IDC Việt Nam theo đuổi trong mỗi công trình nhà lắp ghép. Website: http://nhalapghep.net

superkarna

Công ty cổ phần đầu tư phát triển Việt Nam - IDC Việt Nam chuyên thi công nhà lắp ghép trên phạm vi toàn quốc với hàng chục năm kinh nghiệm. Có nhiều sự lựa chọn khi bạn xây dựng theo kiểu nhà này như: nhà lắp ghép 140 triệu, nhà lắp ghép 50 triệu,... Nhờ áp dụng công nghệ mới, IDC Việt Nam dễ dàng nâng tầng nhà lắp ghép với giá thành phải chăng.

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.