Microsoft is selling 63 acres in the partially developed commercial center of Issaquah Highlands.
Company spokesman Lou Gellos said today that Microsoft signed paperwork for the sale this morning because, “We no longer had requirements for office developments in Issaquah.”
The buyer, Issaquah Highlands Investment Fund LLC, could not immediately be reached for comment.
The investment fund’s Bellevue address, registered with the state Secretary of State last month, is the same as homebuilder Polygon Northwest’s address.
Issaquah city Economic Development Director Keith Niven and Tim Diller, vice president of Issaquah Highlands developer Port Blakely Communities, said the buyer plans a mixed-use project, but they declined to provide additional details.
Microsoft optioned 150 acres in Issaquah Highlands in the late 1990s, but exercised its option to buy only 63 acres. The land is near Swedish Medical Center’s 2-year-old hospital and offices, and Grand Ridge Plaza, a new Regency Centers retail development anchored by Safeway, a Regal Cinemas multiplex, Marshalls and Dick’s Sporting Goods.