{"id":1004500066,"date":"2020-12-17T05:20:22","date_gmt":"2020-12-17T13:20:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004500066"},"modified":"2020-12-18T01:29:06","modified_gmt":"2020-12-18T09:29:06","slug":"rei-sells-suburban-seattle-hq-for-25m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rei-sells-suburban-seattle-hq-for-25m\/","title":{"rendered":"REI Sells Suburban Seattle HQ for $25M"},"content":{"rendered":"<div id=\"attachment_1004500216\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/6750-S.-228th-St.-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004500216\" data-attachment-id=\"1004500216\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rei-sells-suburban-seattle-hq-for-25m\/6750-s-228th-st-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/6750-S.-228th-St.-1.jpg\" data-orig-size=\"1000,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"6750 S. 228th St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;6750 S. 228th St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/6750-S.-228th-St.-1.jpg?w=1000\" class=\"wp-image-1004500216 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/6750-S.-228th-St.-1.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/6750-S.-228th-St.-1.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/6750-S.-228th-St.-1.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/6750-S.-228th-St.-1.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004500216\" class=\"wp-caption-text\">6750 S. 228th St.<\/p><\/div>\n<p>REI has completed the $24.6 million disposition of its 169,081-square-foot headquarters in Kent, Wash. Bridge Development Partners acquired the property, according to King County records.<\/p>\n<p>Located on 16 acres at 6750 S. 228th St., the complex encompasses four buildings completed in 1988 and 2000. The property has served as the seller\u2019s corporate offices for the past 27 years, CommercialEdge data shows. The office park has an on-site caf\u00e9 and a parking ratio of 4 spaces per 1,000 square feet.&nbsp;<\/p>\n<p>The new owner intends to raze the existing buildings and develop two warehouses on the site. Building A will span 50,529 square feet and include two drive-in doors, 11 dock-high doors and 32-foot clear heights. The 258,499-square-foot Building B will feature two grade-level doors, 32 loading docks and a 36-foot clear height. The development is slated for completion in the first quarter of 2022. JLL Managing Director Chris Spofford, Vice President David Cahill and Associate Connor Raffety will oversee leasing for the industrial property.<\/p>\n<p>In September, REI sold its recently developed corporate campus in Bellevue, Wash., <a href=\"https:\/\/www.commercialsearch.com\/news\/facebook-pays-390m-for-rei-co-op-bellevue-campus\/\">for $390 million to Facebook<\/a>. The 400,000-square-foot property is designed to LEED standards and has approximately 15,000 square feet of retail.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer plans to demolish the nearly 170,000-square-foot office campus to make way for a 305,537-square-foot industrial development,<\/p>\n","protected":false},"author":867,"featured_media":1004500216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21748,21783,21742,21747,1610,15],"tags":[34456,32796],"class_list":["post-1004500066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-industrial","category-investment","category-latest","category-office","category-seattle","category-west","tag-bridge-development-partners","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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