Microsoft Buys Industrial Facility for $38M, Plans EV Fleet Site
The Jewell family has sold an industrial complex on N.E. Union Hill Road in Redmond, WA to Microsoft for $38 million. The property is currently the home of Olympian Precast, but according to King County records, Microsoft plans on converting the site to an EV charging facility for a fleet of electric shuttles.
Microsoft plans for the property include a two-story, 46,500-square-foot maintenance building, a three-story auto parking structure topped with solar panels and a 250 stall covered bus parking structure topped with more solar panels. The company’s timeline, according to an application, is to break ground in 2024.
Microsoft has a goal of being carbon-negative for its Redmond campus by 2030, and the application says the company is converting its entire internal combustion shuttle fleet to zero-emission vehicles. The company’s Redmond Millennium Campus is located just a short distance from the new property.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.