SEATTLE — Facebook will buy REI’s so-new-it’s-never-been-used Bellevue campus for nearly $368 million, the social media giant announced last week.
The move further consolidates Facebook’s Eastside mini-empire in the upscale, multiuse Spring District east of I-405. Before the acquisition of the 400,000-square-foot REI offices, Facebook was already on track to lease nearly 850,000 square feet in three under-construction Spring District buildings.
Facebook, which opened its first Puget Sound office in 2010 with three engineers, now employs more than 5,000 local workers across 3 million square feet of space in dozens of locations in Seattle, Bellevue and Redmond, placing it neck-and-neck with Google for the title of the area’s largest out-of-town tech employer.
The Seattle area is home to Facebook’s second-largest engineering hub.
“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. “This purchase doubles downs on our investment in Bellevue and our commitment to the Pacific Northwest.”