Fortnite developer Epic Games has announced that it is moving its headquarters to a large shopping mall in Cary, North Carolina. The company plans to complete the conversion of the 87-acre Cary Towne Center into headquarters by 2024.
Epic bought the property from Turnbridge Equities and Denali Properties, in January 2019 as part of a distressed sale. The mall lost three of its main tenants, putting it in a dire situation. Turnbridge and Denali had originally planned to turn the site into a mixed-use development named Carolina Yards.
According to Epic, its plans are to begin development on the new HQ site this year. Although, the company is offering no specifics plus it says that its plans are still in their early stages. The Verge reports that its plans include demolishing some of the existing structures on the site.
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Epic says it is grateful to the town and its leadership for how welcoming it has been to the company over the years. It also says that its positive relationship plays “a significant role in Epic’s decision to pursue a campus that secures its future in Cary for decades to come”.
“Epic shares our vision for transforming Cary Towne Center into a vibrant community space. This sale is further validation of our value-driven investment strategy, and the property could not be placed in better hands. After years of shifting development plans for the Center, we are thrilled the space will be utilized to its full potential and turned into something the Town and community of Cary can be proud of,” said Jason Davis, Managing Director at Turnbridge Equities.
Until the new headquarters is ready, Epic will continue to operate out of its current offices at Crossroads Boulevard in Cary, about three miles away.
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