A shopping mall isn’t the first thing we’d think of buying if we were riding off of the success of Fortnite, but that’s exactly what its developer has done. Today, Epic Games announced that it had purchased the Cary Towne Center complex, a 980,000-square-foot and 87-acre shopping mall located in its hometown of Cary, North Carolina, to convert into a massive new headquarters comprising not only office buildings but recreational spaces by 2024. According to coverage by the Triangle Business Journal, the acquisition cost Epic Games $95 million.
“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,” said Cary, NC Mayor Harold Weinbrecht. “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.”
“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,” said Jason Davis, Managing Director at Turnbridge Equities. “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.”
