Facebook Office Outside Seattle Put Up For Sale by Developer
- Eastdil hired to market new building in Bellevue, Washington
- Owners betting on investor appetite for “stable” cash flow
Photographer: Meg Roussos/Bloomberg
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An office fully leased to Facebook Inc. in a Seattle suburb is up for sale, a sign that developers are ready to test demand after the pandemic put much of the commercial real estate market into a deep freeze.
Block 16, a new 343,528-square-foot property in Bellevue, Washington, is being marketed by Eastdil Secured, according to sales documents reviewed by Bloomberg News and two people familiar with the matter who asked not to be identified discussing the private process. The building may fetch between $325 million and $350 million, one of the people said.