The never-used REI Bellevue headquarters was sold to Facebook for $390 million, according to an announcement on Monday, Sept. 14. Courtesy photo/Wright Runstad Company

The never-used REI Bellevue headquarters was sold to Facebook for $390 million, according to an announcement on Monday, Sept. 14. Courtesy photo/Wright Runstad Company

Facebook purchases unused Bellevue REI headquarters

The companies will also each donate $1 million to the Eastrail

Following REI’s announcement that it would not move headquarters to Bellevue from Kent, as previously reported, the company announced Sept. 14 that Facebook has bought the planned campus for $390 million.

The 400,000-square-foot campus was completed in the Spring District neighborhood before REI decided to decentralize its headquarters in August and still close the Kent space. REI instead is including more work from home options for employees in its long-term plan, a move seen by many companies during the shutdowns from the COVID-19 pandemic.

The Seattle area is Facebook’s largest U.S. hub outside Silicon Valley, and Facebook purchased another office space in Bellevue’s Spring District in late 2019.

In a statement, Bellevue Chamber of Commerce CEO Joe Fain said they looked forward to working with Facebook. It’s another win for Bellevue’s business community, he said, following the recent announcement Amazon was also bringing another large office space to Bellevue earlier this month.

“Facebook’s expansion on the Eastside not only means more great technology jobs for our region, but it also means being home to another global company that is committed to giving back to our local community” Fain said. “We’re excited that Facebook leaders will be represented on the Bellevue Chamber’s Board of Directors and Policy Council, and we look forward to working hand-in-hand with them on workforce development, affordable housing and supporting social services on the Eastside.”

REI and Facebook also announced each company would be donating $1 million to Eastrail, the 42-mile trail loop connecting the Eastside.


In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing editor@mi-reporter.com.

To share your opinion for publication, submit a letter through our website https://www.mi-reporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

The never-used REI Bellevue headquarters was sold to Facebook for $390 million, according to an announcement on Monday, Sept. 14. Rendering of courtyard. Courtesy photo/Wright Runstad & Company

The never-used REI Bellevue headquarters was sold to Facebook for $390 million, according to an announcement on Monday, Sept. 14. Rendering of courtyard. Courtesy photo/Wright Runstad & Company

[flipp]

More in Business

Facebook purchases unused Bellevue REI headquarters

The companies will also each donate $1 million to the Eastrail

Mercer Island business survey results released

Survey completed by 269 businesses.

Free face masks available at King County Safeway locations

Stores to distribute 750,000 purchased by King County starting Aug. 24

Don Brunell
Coronavirus comeback for Alaska Airlines?

It is no secret that airlines were clobbered by the coronavirus pandemic.… Continue reading

Survey on tap for Mercer Island business owners

An 18-question survey is now online geared toward Mercer Island business owners… Continue reading

File Photo
LA Fitness to reopen all locations Aug. 10

Gyms will follow state guidelines

Mercer Island in the fall. Natalie DeFord/staff photo
New (but temporary) outdoor seating permitting options available on Mercer Island

The city council recently approved an ordinance that allows restaurants to use vehicle stalls in private parking areas for outdoor seating.

Kristen Sisco (pictured) had been dreaming of opening a French bakery for years before officially opening the doors to La Fête Pâtisserie Française. Photo courtesy La Fête Pâtisserie Française
Inside new Mercer Island bakery La Fête Pâtisserie Française

The eatery, which opened in July, specializes in traditional French pastries.

Face masks save lives and jobs across Washington

Wearing a mask saves lives and saves jobs. And all across the… Continue reading

BMW X3 xDrive 30e. Courtesy photo
BMW X3 xDrive 30e | Car review

With forces like BMW pushing, it’s only a matter of time before… Continue reading

2020 Dodge Charger Hellcat SRT. Courtesy photo
2020 Dodge Charger Hellcat SRT | Car review

OK folks, buckle your seatbelts. This week’s tester is the 2020 Dodge… Continue reading

File photo.
Sirianni Group provides June real estate insights

The real estate team recently shared an update on its website, My Mercer Island.