Epic Games, Turnbridge Equities, and Denali Properties have agreed to transfer the ownership of the 980,000-sf, 87-acre Cary Towne Center, located in Cary, N.C., to Epic. Epic purchased the mall for $95 million.
Epic plans to convert the former mall into its new campus. The project will include both office buildings and recreational spaces, allowing Epic the flexibility to create a campus from the ground up, completely customized to the company’s long-term growth. Plans for the HQ campus are still in the early phases, but the company is working with the Town of Cary to explore ways some of the property can be used by the community.
“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,” said Jason Davis, Managing Director at Turnbridge Equities, in a release.
Epic hopes the new HQ campus will be completed by 2024.
Related Stories
| Aug 11, 2010
Girl Scouts of San Jacinto Council Program Place Project
Houston, Texas
The Girl Scouts of San Jacinto Council Program Place is the headquarters for the largest Girl Scout Council in the U.S., with 63,000 scouts. The building houses the council’s administrative offices, a Girl Scout museum, and activity space. When an adjacent two-story office building became available, the council jumped at the chance to expand its museum and program space.
| Aug 11, 2010
Oregon office building earns highest green globes rating
Columbia Square, a 313,000 square foot office building and flagship property in the Melvin Mark Companies real estate portfolio, has been awarded 4 Globes by the Green Building Initiative (GBI) for achievements in green design and sustainable operations. The building was rated under the Green Globes environmental design and assessment tool and the 4 Globes designation is the highest possible rating.
| Aug 11, 2010
Turner Building Cost Index dips nearly 4% in second quarter 2009
Turner Construction Company announced that the second quarter 2009 Turner Building Cost Index, which measures nonresidential building construction costs in the U.S., has decreased 3.35% from the first quarter 2009 and is 8.92% lower than its peak in the second quarter of 2008. The Turner Building Cost Index number for second quarter 2009 is 837.
| Aug 11, 2010
Turner, Structure Tone top BD+C's ranking of the 50 largest office contractors
A ranking of the Top 50 Office Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
AGC unveils comprehensive plan to revive the construction industry
The Associated General Contractors of America unveiled a new plan today designed to revive the nation’s construction industry. The plan, “Build Now for the Future: A Blueprint for Economic Growth,” is designed to reverse predictions that construction activity will continue to shrink through 2010, crippling broader economic growth.
| Aug 11, 2010
PCL Construction, HITT Contracting among nation's largest commercial building contractors, according to BD+C's Giants 300 report
A ranking of the Top 50 Commercial Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Webcor, Hunt Construction lead the way in mixed-use construction, according to BD+C's Giants 300 report
A ranking of the Top 30 Mixed-Use Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
NBBJ selected to design Russell Investments’ Seattle headquarters
NBBJ has been hired by Russell Investments as the architectural firm to design the interior space of its new global headquarters at 1301 2nd Avenue, a building also designed by NBBJ.
| Aug 11, 2010
Report: Fraud levels fall for construction industry, but companies still losing $6.4 million on average
The global construction, engineering and infrastructure industry saw a significant decline in fraud activity with companies losing an average of $6.4 million over the last three years, according to the latest edition of the Kroll Annual Global Fraud Report, released today at the Association of Corporate Counsel’s 2009 Annual Meeting in Boston. This new figure represents less than half of last year’s amount of $14.2 million.
