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Microsoft Pays $25M for First Chunk of Issaquah Highlands

ISSAQUAH, WA-The software giant on Tuesday closed on the first 37.5 acres of a campus that may eventually expand to 150 acres and hold 2.95 million sf of office space.

By Janet Parker | Updated on May 21, 2002

ISSAQUAH, WA-Microsoft began taking down its Issaquah Highlands property this week, closing on the first 37.5 acres of 150 acres it has optioned for a campus that could hold 2.95 million sf of office space. The sale price was $25.25 million, according to a copy of the deed of sale.

A spokesman for Microsoft says site grading will begin this summer, “but we’re still pretty far out on the timing of the project.” Greg Laycock, a broker with the Seattle office of Cushman & Wakefield and the man with a copy of the deed of sale, says the City of Issaquah issued Microsoft’s grading permits in the middle of last week.

“This campus will have a significant impact on both the single-family and multi-family real estate market in Issaquah and the I-90 corridor,” says Laycock, a specialist in the apartment market.

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