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Preylock pays $136M for Facebook-leased property in Redmond, Wash.


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Preylock pays $136M for Facebook-leased property in Redmond, Wash.

Preylock Real Estate Holdings LLC acquired the Willow Creek Corporate Center in Redmond, Wash., for $136 million, the Puget Sound Business Journal reported, citing a King County deed.

The asset was acquired from EQ Office, which paid $65.2 million for the 27-acre property in 2015.

EQ Office is the new name of Blackstone Group LP's Equity Office Properties.

The property spans roughly 421,785 square feet, with Facebook Inc. leasing just over half of it, the publication reported, citing real estate industry sources who are familiar with the submarket and asked not be named to protect business relationships.

The seven-building property is 100% occupied, according to a separate release from Holliday Fenoglio Fowler LP, which brokered the deal.