Epic Games Expands Its Physical Footprint with New HQ

Fortnite developer Epic Games is cashing in on $1.78 billion in funding it received in 2020, acquiring an 87-acre property for $95 million on which it plans to build a new headquarters.

The company expects to occupy the property, which was home to North Carolina’s Cary Towne Center mall, by 2024.

The move not only highlights the importance and power of gaming’s biggest stars in a world that’s seen video games extend their influence to new heights, but the potential fate of commercial real estate like that of the Cary Towne Center in the face of lagging interest and revenue.

In fact, MarketScale’s Daniel Litwin and Tyler Kern said that aspect of the deal is perhaps the most interesting – with so much commercial real estate and so many sprawling shopping complexes in America, what’s to become of these spaces in an increasingly digital world?

In this industry update, the duo also tackled the explosive growth of the video game industry, the impact of a company like Epic Games moving to a more non-traditional site like the one it’s chosen in North Carolina, and the risk involved with tying up such a large investment in physical property.

Key Points:

  1. Fortnite has catapulted Epic Games to the stratosphere of the video game industry.
  2. The company raised nearly $2 billion in 2020
  3. That money will go toward a new, 87-acre headquarter campus.

Follow us on social media for the latest updates in B2B!

Image

Latest

handling
IABSC: Where Baggage Handling Professionals Find Their People
April 10, 2025

As baggage handling professionals, we speak a language all our own. Merge logic, tracking mechanisms, and baggage reconciliation. While the traveling public sees only their suitcase appear on the carousel, we understand the sophisticated symphony that makes it all happen. That’s exactly why the International Association of Baggage System Companies (IABSC) exists. Our secret sauce…

Read More
modular offices
Modular Offices Are Changing the Workplace Game — One Move at a Time
April 10, 2025

In this enlightening episode of the Built Modular podcast, Lynette Wooten, Transactional Sales Rep for Boxx Modular, sits down with host Michelle Dawn Mooney for a deep dive into the rapidly evolving world of modular construction. Lynette provides a detailed overview of the numerous benefits of utilizing modular offices over traditional buildings, bringing light…

Read More
everything
Talking Recruiting, Retention and Everything in Between for the AV Industry
April 10, 2025

The demand for AV services accelerates, and the industry is facing a growing labor crisis. According to Field Nation, 72% of AV integrators say talent shortages are their most pressing challenge, driven by a wave of retirements, increased project complexity, and rising demand across sectors like education, healthcare, and retail. AV Integrators risk project…

Read More
AV Integrators
How AV Integrators Can Face the Challenge of Scaling Their Services
April 10, 2025

Demand for AV integration services is becoming more complex and widespread, making it increasingly difficult for integrators to scale operations without sacrificing profitability. According to AVIXA’s 2024 Industry Outlook and Trends Analysis, the Pro AV market is projected to reach $422 billion by 2029, intensifying the need for flexible, scalable support. Amid these pressures, service…

Read More