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.
