Microsoft adds to Redmond campus with $250 million real estate deal
After announcing a significant extension of its Redmond campus last year, Microsoft has just added a new property to its already massive headquarters. According to GeekWire, the company acquired the 725,000-square-foot Daytona Laguna office complex this week, for a sum close to $250 million.
The property was owned by private equity firm Blackstone, which purchased it for $204 million two years ago. The Redmond giant has yet to discuss the real estate deal, but this latest purchase is almost a drop in the water compared to the 125 buildings Microsoft already has in the Puget Sound region.
The transformation of Microsoft’s Redmond campus will kick off this Fall and should last up to seven years. The company plans to destroy a couple of existing buildings, erect 18 new ones and deliver 6.7 million square feet of renovated workspace. Overall, this modern campus should be able to welcome 8,000 new employees, in addition to the 47,000 Microsoftees already on site.Further reading: Microsoft, Microsoft campus, Redmond