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Epic Games, Turnbridge Equities and Denali Properties have announced an agreement to transfer ownership of the 980,000 square foot, 87 acre Cary Towne Center to Epic Games, with the goal of converting the property into its new campus by 2024.
The facilities will include both office buildings and recreation spaces, allowing Epic to create a personalized campus from A to Z to accommodate its long-term growth.
Epic plans to begin development on its new headquarters this year and the company will continue to be based at its current location at Crossroads Boulevard in the interim. Epic have been proud to call Cary home for over 20 years and have immersed themselves in the community, often hiring locally and from nearby universities as the business continues to grow and evolve.
While plans for the Epic campus are still in their early stages, the company is already working with the town of Cary on its development and exploring ways to use part of this property by the community. Epic is grateful to the City and its leaders for the hospitality they have given the company over the years, and this positive relationship has played a significant role in Epic’s decision to pursue a successful campus. future in Cary for decades to come.
“We are extremely proud that Epic has chosen to call Cary home for its new global headquarters, and we greatly appreciate the company’s recognition of Cary’s existing assets as well as the region’s unlimited potential for their growing business. growth, ”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 are honored to collaborate with them on this exciting new development.
Epic, which was represented by Stephen Porterfield of Capital Associates in this transaction, is also working closely with Turnbridge and Denali to ensure a smooth transition of ownership. Turnbridge and Denali acquired Cary Towne Center in January 2019 in a distressed sale following the loss of three of its five main tenants. The companies recognized the potential to turn the space into a new, revitalized development for the region and have since invested in the property’s successful zoning change. Thanks to this investment, Epic will be able to begin the development of its new headquarters this year and begin the transformation of the property.
“Epic shares our vision to transform the Cary Towne Center into a vibrant community space. This sale is further validation of our value-driven investment strategy, and ownership could not be placed in better hands, ”said Jason Davis, Managing Director of Turnbridge Equities. “After years of changes in the Centre’s development plans, we are delighted that the space is being used to its full potential and transformed into something that the town and community of Cary can be proud of.
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