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

| Sep 4, 2013

Twenty-nine-acre brick building complex in Watertown, Mass., to be renovated as innovation hub

The owner of a 29-acre cluster of brick buildings in Watertown, Mass., wants to reinvent the site as a 21st-century innovation hub.

| Sep 3, 2013

Delinquency rate for commercial real estate loans at lowest level in three years

The delinquency rate for US commercial real estate loans in CMBS dropped for the third straight month to 8.38%. This represents a 10-basis-point drop since July's reading and a 175-basis-point improvement from a year ago. 

| Aug 30, 2013

Local Government Report [2013 Giants 300 Report]

Building Design+Construction's rankings of the nation's largest local government design and construction firms, as reported in the 2013 Giants 300 Report.  

| Aug 30, 2013

State Government Report [2013 Giants 300 Report]

Stantec, Jacobs, PCL Construction among nation's top state government design and construction firms, according to BD+C's 2013 Giants 300 Report.

| Aug 28, 2013

Federal Government Report [2013 Giants 300 Report]

Building Design+Construction's rankings of the nation's largest federal government design and construction firms, as reported in the 2013 Giants 300 Report.  

| Aug 26, 2013

What you missed last week: Architecture billings up again; record year for hotel renovations; nation's most expensive real estate markets

BD+C's roundup of the top construction market news for the week of August 18 includes the latest architecture billings index from AIA and a BOMA study on the nation's most and least expensive commercial real estate markets. 

| Aug 23, 2013

5 most (and least) expensive commercial real estate markets

With an average cost per square foot of $16.11, Stamford, Conn., is the most costly U.S. market for commercial real estate, according to a new study by the Building Owners and Managers Association International. New York and San Francisco are also among the nation's priciest markets. 

| Aug 22, 2013

Energy-efficient glazing technology [AIA Course]

This course discuses the latest technological advances in glazing, which make possible ever more efficient enclosures with ever greater glazed area.

| Aug 22, 2013

6 visionary strategies for local government projects

Civic projects in Boston, Las Vegas, Austin, and suburban Atlanta show that a ‘big vision’ can also be a spur to neighborhood revitalization. Here are six visionary strategies for local government projects. 

| Aug 22, 2013

Warehouse remake: Conversion project turns derelict freight terminal into modern office space [slideshow]

The goal of the Freight development is to attract businesses to an abandoned industrial zone north of downtown Denver.

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