Microsoft holds an option to buy 150 acres in the 2,223-acre master-planned community with rights to build up to 2.95 million sf of offices that could hit a value of $600 million. The reasons cited for the delay were the lack of resolution to infrastructure issues, and permitting problems.
Microsoft has less than five years remaining on its lease at Sammamish Park Place, located at 22011 SE 51st St. and 5150 220th Ave. SE, but has options to extend its stay. Bentall announced its intention to sell Sammamish Park Place in mid-January along with other buildings. Gary Carpenter, executive VP and COO of Bellevue-based Bentall, would not comment on GlobeSt's information.
Microsoft also will be the only occupant of an adjacent project currently under construction by Opus Northwest, similarly named Sammamish Parkplace. When complete, the Opus complex will provide Microsoft with another 880,000 sf of offices.
Though Microsoft does not publicize the total amount of Eastside space it occupies, sources estimate it at 8.4M sf. In December, a company spokesman told GlobeSt it owns an aggregate 4,879,353 sf of office space in Redmond, Bellevue and Issaquah, including its Redmond campus with 3.84 million sf of offices on 265 acres.
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