The company paid $2.44 million for the parcel, which is located south of Northeast 40th Street, west of SR-520 and near its main campus here. Stacy Drake, a Microsoft spokeswoman, says the company intends to use the property for future expansion but has no immediate plans to build anything on it.
Hy-Line is expected to lease the property's existing 26,000-sf facility for some time, but Drake says she was unsure for how long or how much.
The Hy-Line purchase marks the latest in a string of deals for the software maker. In October 2001, GlobeSt.com reported the company paid $74 million to Spacelabs Medical Inc. for its 14-acre headquarters, a 180,270-sf office building and 268,000-sf medical, manufacturing facility located at 15120 and 15220 NE 40th St. Last year, Microsoft also paid $142.2 million for LakeRidge Square, a 610,000-sf, 15-acre office complex that it had been renting. It's located at the southeast corner of 148th Avenue Northeast and Northeast 40th Street.
Microsoft, which intends to eventually swell by 5,000 employees, owns 62 sites in the Puget Sound area, totaling roughly 6.7 million sf. It leases 37 sites, totaling about 1.7 million sf.
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