Epic Games purchased a defunct shopping mall with plans to convert the 87-acre Carey Towne Center to its global base of operations by 2024.
The bigger and better Epic Games headquarters
The new HQ will have both office and recreational spaces for employees. While development is scheduled to begin this year, the company will continue to operate out of its current office at Crossroads Boulevard, also at Cary.
The announcement also states that Epic and the Town of Cary are working on an understanding regarding the development of the building and are exploring ways in which people of the community could also use it.
While it’s going to be a good while before the new HQ is fully functional, people of the town are already reaching out to Epic for jobs and vacancies. This shows they are glad fact the publisher of popular games like Fortnite has taken over the mall.
Cary NC Mayor Harold Weinbrecht said:
“We’re extremely proud that Epic has chosen to call Cary home for their new global headquarters, and we greatly appreciate the company’s recognition of Cary’s existing assets as well as the unlimited potential of the area for their growing business.”
He added that they were looking forward to working closely and collaboratively with the Epic team as they conceptualize their new campus, and that they were honored to partner with them on this exciting new development.
Stephen Porterfield of Capital Associates represented Epic for this transaction with Turnbridge and Denali for the Cary Towne Centre. The latter acquired this property in 2019 and has now finalized the deal with the video game developer.
Jason Davis, Managing Director at Turnbridge Equities, said:
“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.”
According to the MC, after years of shifting development plans for the Center, the space will finally be utilized to its full potential and turned into something the Town and community of Cary can be proud of.
It’s good to see companies scaling up their working spaces, given that most are cutting down on their working spaces. This is a sign that things may return to normal soon.Published 05 Jan 2021, 16:36 IST