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Riot Games Bought a Mercer Island Office for $114.1 Million in 2021

Riot Games announced a $114.1 million purchase of a 156,000-square-foot Mercer Island office in 2021, with plans to house more than 400 employees there.
From TheFinanceBase Team1 min to read
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Riot Games announced in December 2021 that it had bought a 156,000-square-foot office on Mercer Island, Washington, for a reported $114.1 million. The company said the site would house more than 400 employees, with teams initially focused primarily on VALORANT. That figure describes Riot’s plan at the time—not a confirmed current headcount.

What Riot Games bought

The property is the Mercer Park Workplace building on Mercer Island, between Seattle and Bellevue. Riot announced the purchase on December 9, 2021, and described the office as 156,000 square feet. Riot’s announcement said it would become the home of more than 400 Rioters across engineering, research and development, live services, and other roles.

How much the office cost

Riot paid a reported $114.1 million for the building. GeekWire’s 2021 report gave that purchase price, and Lee & Associates independently recorded the $114.1 million Mercer Island transaction in its Q4 2021 Pacific Northwest market report, published in 2022.

Deal detail Reported information
Purchase price $114.1 million, reported by GeekWire in 2021 and recorded by Lee & Associates in its Q4 2021 report
Building size 156,000 square feet, according to Riot’s 2021 announcement
Location Mercer Island, Washington, between Seattle and Bellevue
Planned workforce More than 400 Rioters, according to Riot’s 2021 announcement

What Riot planned to do there

The planned workforce included engineering, research and development, live-services teams, and other roles. Riot said the teams would focus primarily on VALORANT at first, with work expanding to other titles later. This describes the company’s intended use when it announced the acquisition; the announcement does not verify how many people ultimately worked at the site or which projects were assigned there.

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What the announcement does—and does not—establish

The purchase price, property size, location, and intended staffing are historical deal facts supported by contemporaneous reporting and Riot’s announcement. The cited material does not establish whether Riot opened and continues to operate the office as planned, or its current staffing. The announced 400-plus figure should therefore be read as a hiring and occupancy plan from 2021, not a present-day employee count.

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