Home / Business / Facebook uses the pandemic to mark REI’s sprawling Seattle area headquarters

Facebook uses the pandemic to mark REI’s sprawling Seattle area headquarters



FB) purchased Recreational Equipment Inc.’s newly completed 400,000-square-foot campus in Bellevue, Washington for $ 390 million, the two companies announced & nbsp; Monday. “data-reactid =” 19 “>Facebook Inc (NASDAQ: FB) acquired Recreational Equipment Inc.’s recently completed 400,000-square-foot campus in Bellevue, Washington for $ 390 million, the two companies announced Monday.

The outdoor equipment retailer noted that it will change its operations across multiple locations instead of just one location, and it will also increase dependency on remote work.

reported. “data-reactid =” 22 “> The property was never occupied by REI due to the COVID-19 pandemic. The company cashed in when its employees started working from home or smaller offices in the area, he reported the Wall Street Journal.

Three other Facebook buildings are adjacent to the property and are under development.

noticed before. “data-reactid =” 28 “>Because matter: Facebook employs 5,000 local workers in dozens of locations in Seattle, Bellevue and Redmond. Overall, the Seattle area is the social media company’s second-largest hub after its headquarters in Menlo Park, California, the Seattle Times previously noted.

“Company offices are still vital in helping to accommodate anticipated growth and meet the needs of our employees who need or prefer to work from campus,” a Facebook spokesperson told the Seattle Times.

office space to Vornado Realty Trust’s (NASDAQ: VNO) Penn District project in New York, in addition to ownership of the Hudson Yards Trust. & Nbsp; “data-reactid =” 30 “> Last month, the social media giant rented 730,000 square feet of office space to Vornado Realty Trust’s (NASDAQ: VNO) Penn District project in New York, in addition to ownership of the Hudson Yards Trust.

AMZN) also expanded its offices in six U.S. cities last month adding 900,000 square feet. & nbsp; “data-reactid =” 31 “>Amazon.com, Inc (NASDAQ: AMZN) also expanded its offices in six U.S. cities last month adding 900,000 square feet.


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