flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

REI sells new, unused HQ to Facebook

Office Buildings

REI sells new, unused HQ to Facebook

Site developer Wright Runstad & Company and Shorenstein Properties also purchased an undeveloped 2-acre portion of the property.


By David Malone, Associate Editor | September 15, 2020
REI outdoor space with open garage doors

Courtesy NBBJ

Just a few short months ago, REI was preparing to move into its new headquarters building in Bellevue, Wash.

The facility, which focused on blending inside space with outdoors space, featured courtyards, bridges, open park space, large operable windows and garage doors, and reclaimed wood all meant to promote a healthy lifestyle for employees.

But now, thanks to the coronavirus pandemic, REI Co-op has decided to sell its new, unused headquarters to Facebook for $390 million as the company shifts to a more distributed work model. The future “headquarters” will no longer be in a single location, instead spanning multiple satellite locations across the region as the company leans into remote working as a more engrained, supported, and normalized model for headquarters employees, according to a release from the company.

Both REI and Facebook will also donate 1$ million to the Eastrail, a 42-mile trail that the co-op was helping to develop over the last four years. The trail will connect the communities and businesses of King County’s Eastside through access to transit alternatives, employee hubs, and green space.

The build team for the HQ included NBBJ (architect), GGN (landscape architect), KPFF (structural engineer), and JMJ (civil engineer).

Related Stories

Office Buildings | Jul 23, 2015

Office bust hits suburban Washington D.C.: metro area awash in vacant office buildings

Most of the building and buying is happening within the city’s limits.

Office Buildings | Jul 21, 2015

Finally! There's a workplace trend that’s worth embracing

There’s a realization by corporate real estate executives that in order to create a successful workplace, there must be alignment between their people, their place, and the tools they have to do their jobs.

High-rise Construction | Jul 20, 2015

Morphosis' Casablanca Finance City tower to be topped with crown-shaped pinnacle

The tower will anchor a new business district being planned, similar to the glass and concrete business La Défense section at the outskirts of Paris.

Office Buildings | Jul 15, 2015

BIG’s design for Philadelphia Navy Yard defies gravity

Ground has broken for 1200 Interpid, a 94,000-sf office building designed by BIG that appears to be leaning.

High-rise Construction | Jul 13, 2015

Herzog & de Meuron’s triangle tower stirs controversy in Paris

The 590-foot glass pyramid building will include a 120-room hotel, 754,000 sf of office space, and cultural facilities.

High-rise Construction | Jul 7, 2015

Bjarke Ingels designs Frankfurt skyscraper with a surprise in the middle

Several levels in the center of the 185-meter tower are shifted outward to allow for terraces with city views.

Office Buildings | Jun 30, 2015

'What’s the latest trend in workplace design?': How architects and designers should answer this hot-button question

Hint: Your response must be better than a laundry list of solutions, according to VOA Associates' John Varholak.

Museums | Jun 28, 2015

Manhattan's New Museum debuts first museum-led incubator space

Part studio, part shared workplace, part lab, and part professional development program, NEW INC connects design with technology, the arts with the market, students with seasoned practitioners, and the museum with the world.

High-rise Construction | Jun 23, 2015

The world's best new skyscrapers for 2015

One World Trade Center and Abu Dhabi's Burj Mohammed Bin Rashid Tower are among the four towers named Best Tall Buildings by the Council on Tall Buildings and Urban Habitat.

Office Buildings | Jun 18, 2015

How tech firms use real estate for competitive advantage

The tech sector is the top industry leasing office space in the U.S., accounting for 20% of major leasing activity in 2014. Dina Belon of Paladino and Company shares how these firms are using their real estate to go up against their competitors.

boombox1
boombox2
native1

More In Category

Curtain Wall

7 steps to investigating curtain wall leaks

It is common for significant curtain wall leakage to involve multiple variables. Therefore, a comprehensive multi-faceted investigation is required to determine the origin of leakage, according to building enclosure consultants Richard Aeck and John A. Rudisill with Rimkus. 




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021