Epic Games, Turnbridge Equities and Denali Properties announced an agreement to transfer ownership of the 980,000-square-foot, 87-acre Carry Town Center to Epic Games, with the goal of converting the property into a new campus by 2024.
The facilities will include both office buildings and recreational spaces, giving Epic the flexibility to create a custom campus from the ground up to accommodate its long-term growth.
Epic plans to start developing its new headquarters this year and the company will continue operating at its current location on Crossroads Boulevard in the meantime. Epic has been proud to call Cary home for over 20 years and has immersed itself in the community, often hiring locally and from nearby universities as the company continues to grow and expand.
While plans for the Epic campus are still in their infancy, the company is already working with Town of Cary to develop them and explore ways in which some of this property could be used by the community. Epic is grateful to the town and its leadership for how welcoming the company has been over the years, and this positive relationship has played a significant role in Epic’s decision to pursue a college campus that will secure her future at Curry for decades to come.
“We are extremely proud that Epic has chosen to recall Cary to its new global headquarters, and we highly value the company’s appreciation for Cary’s current assets as well as the region’s unlimited potential for their growing business,” said Carey, NC. Mayor Harold Weinbrecht. “We look forward to continuing to work closely and collaboratively with the Epic team as they envision their new campus, and we are honored to partner with them in this exciting new development.”
Epic, represented by Stephen Porterfield of Capital Associates, is also working closely with Turnbridge and Denali to ensure a smooth ownership transfer. Turnbridge and Denali acquired the Cary Towne Center in January 2019 in a faltering sale after losing three of the five major tenants. The companies realized the potential for converting the space into an active new development for the area, and has since invested in successfully reparting the property. Thanks to this investment, Epic will be able to start developing its new headquarters this year, and start converting the property.
“Epic shares our vision to transform the Cary Towne Center into a vibrant community space.” Jason Davis, Managing Director at Turnbridge Equities, said, “This sale is a further validation of our value-based investment strategy, and the property cannot be put in better hands.” Years of changing the development plans for the center, we are happy to use the space to its full potential and turn it into something that the Carrie town and community can be proud of. “