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Epic Games is moving to a new headquarters, and this was revealed on Monday, Jan. 4. The video game publisher shared the news early this week and stated they are hoping the building will be ready by 2024.
Epic Games confirms new property acquisition
In a press release, Epic Games divulged that the company acquired Cary Towne Center from Turnbridge Equities and Denali properties. It then announced that the ownership of the 980,000-square-foot and 87-acre property has already been transferred to them and will now begin with its development.
The company plans to open the new campus three years from now. In the initial plan, they will build two office buildings and recreational spaces. The layout will be made in a way that will allow Epic Games to easily accommodate more rooms or spaces for the firm’s long-term growth.
The company is also considering how the new Cary Towne Center will be useful to the community. This will be another basis for the over-all design of Epic Game’s new HQ.
“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,” Mayor Harold Weinbrecht said in the release.
He went on to say, “We look forward to continuing to work closely and collaboratively with the Epic team as they conceptualize their new campus, and we’re honored to partner with them on this exciting new development.”
About the Cary Towne Center
It was reported that Epic Games purchased the property for $95 million. Currently, some small offices are still operating in the mall.
The Cary Towne Center opened in 1979, but as online shopping started to become a trend and more customers are buying online now, the mall started to decline in 2016. After three years, in 2019, the mall was sold to Turnbridge since its owner cannot maintain it anymore. It was originally set to be demolished this year, but Epic Games bought it.
Meanwhile, Fox Business reported that Epic Games is worth over $17.3 billion. The company mostly profited from the online battle video game “Fortnite.” With more than 350 million player accounts worldwide, apparently, it is the company’s most popular game.
