REI Co-op is pursuing sales of its newly completed campus in Bellevue while the company focuses more on distance learning.
BELLEVUE, Wash – REI Co-op is looking to sell its newly completed corporate campus in Bellevue’s Spring County.
REI announced Wednesday that it will “switch to remote work” for headquarters staff with headquarters spanning multiple facilities across Puget Sound.
“The impressive events of 2020 have challenged us to re-examine and rethink every aspect of our business and many past assumptions. That includes where we are and how we work, ”REI President and CEO Eric Artz said during a video call with staff. “As a result, our new experience of”; headquarters “will be very different from the one we imagined more than four years ago.”
REI moved most of its headquarters staff to telework in early March.
REI announced plans for a new headquarters in 2016. Construction will begin in 2018 for a mid-summer 2020 transition from its main headquarters in Kent.
According to REI, the sale will provide financial benefits, allowing “substantial investments in customer innovation, REI’s network of non-profit partners, and the co-operative’s carbon targets.”
“I am confident that the Spring District sale will have a positive impact on REI’s future – and yours,” Artz told the staff. “This year has shown us that our home is not a building. Our home is wherever we find ourselves doing our best, pursuing our outdoor passions, serving our community. Serve each other. That’s what we’ll build around as we move forward – and as we accelerate into what’s next. “
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