Muslim Association Of Puget Sound & Medina Academy Acquire Office & Industrial Complex In Redmond For $45M

The property involved in this transaction is a combined asset located at 5000, 5010 & 5020 148th Avenue Northeast in Redmond, WA. It encompasses a total square footage of 146,165 and is categorized as both office and industrial space. The sale price of the property is $45,000,000, which equates to approximately $308 per square foot.

Summary of transaction details:

• Property Type: Office & Industrial
• Transaction Amount: $45,000,000
• Buyer: Muslim Association of Puget Sound & Medina Academy
• Seller: Vibe Brand Boutique Office Properties
• Sale Date: 04/30/2025
• Market: Redmond, WA
• Total Square Footage: 146,165
• Price Per Square Foot: $308

This transaction featured a joint venture between the Muslim Association of Puget Sound and Medina Academy, who acquired the Vibe® Redmond office complex. Medina Academy plans to utilize one of the buildings for educational purposes, while the Muslim Association intends to convert the remaining facilities into a mosque and community centers.