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 11, 2013

BUILDINGChicago eShow Daily – Day 3 coverage

Day 3 coverage of the BUILDINGChicago/Greening the Heartland conference and expo, taking place this week at the Holiday Inn Chicago Mart Plaza.

| Sep 10, 2013

BUILDINGChicago eShow Daily – Day 2 coverage

The BD+C editorial team brings you this real-time coverage of day 2 of the BUILDINGChicago/Greening the Heartland conference and expo taking place this week at the Holiday Inn Chicago Mart Plaza.

| Sep 4, 2013

Smart building technology: Talking results at the BUILDINGChicago/ Greening the Heartland show

Recent advancements in technology are allowing owners to connect with facilities as never before, leveraging existing automation systems to achieve cost-effective energy improvements. This BUILDINGChicago presentation will feature Procter & Gamble’s smart building management program. 

| 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. 

boombox1
boombox2
native1

More In Category


Government Buildings

OSHA’s proposed heat standard published in Federal Register

The Occupational Safety and Health Administration (OSHA) has published a proposed standard addressing heat illness in outdoor and indoor settings in the Federal Register. The proposed rule would require employers to evaluate workplaces and implement controls to mitigate exposure to heat through engineering and administrative controls, training, effective communication, and other measures.



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