Vanguard has acquired a 91-acre property with a brand new 700,000-square-foot constructing in Charlotte, North Carolina, for its 2,400 staff within the area.

It purchased the property from Centene Company, a managed healthcare agency, for $117 million, in accordance with the Charlotte Enterprise Journal.

Vanguard expects the campus — which features a convention middle, cafeteria, out of doors consuming and strolling areas, a health middle and electrical car charging stations — to open subsequent 12 months. It’s in Charlotte’s College Metropolis district close to a lightweight rail transit line.

The Valley Forge, Pennsylvania-based fund large presently leases a number of workplace areas in Charlotte, a spokesperson stated.

“We’re excited to proceed to complement their office expertise via a brand-new, modernized campus that maximizes the worth of in-person collaboration and reinforces our dedication to Charlotte as a hub for purpose-driven expertise,” in accordance with Jennifer Manry, Vanguard’s principal of company methods in IT and Charlotte web site co-lead for Vanguard.