Preylock Acquires Seven-Story Office Building Leased To Microsoft In Redmond For $225M

A seven-story office building located at 15550 Northeast Turing Street in Redmond, WA, has been sold for $225,000,000. The property is fully leased to Microsoft and represents the priciest Seattle-area office deal of 2025.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $225,000,000
• Buyer: Preylock
• Sale Date: 09/25/2025
• Market: Redmond, WA

This transaction involves Preylock, a California-based investor, which acquired the property from the previous owner, securing a significant asset in the office market south of Microsoft's Redmond campus.