When Blackbaud opened its new headquarters on Daniel Island in June 2018, CEO Mike Gianoni said the company was “making a generational investment in the very community that supported us,” The Daniel Island News reported.

The company promised to add 300 jobs to its local payroll within five years and to build up to 188,000 more square feet of office space, the Post and Courier reported in 2020.

Eight years after the ribbon cutting, Blackbaud owns the 172,000-square-foot building at 65 Fairchild St. A significant portion of it is leased to other companies.

“As a Remote-Flexible workforce company, we have leased a significant portion of the office space in our global headquarters facility to unrelated third parties,” Blackbaud said in its annual report, filed with federal regulators in February.

What is on the market

A 2022 marketing flyer from the commercial real estate firm Cresa offered up to 90,000 square feet of “fully furnished sublease space” on the first three floors of the four-story building, with Blackbaud keeping the fourth floor. The flyer pitched a 12-acre, LEED Gold campus with a Starbucks coffee shop, a cafe, a gym and an event space that seats 350.

An updated Cresa flyer posted online in April 2026 advertises about 32,000 square feet, including about 17,500 square feet on the fourth floor, though its text still says Blackbaud will keep that floor.

A separate listing from the brokerage JLL on the commercial property site CityFeet, viewed Oct. 18, showed five suites totaling about 51,000 square feet available immediately. They ranged from 3,688 to 17,500 square feet on the second and fourth floors, and the fourth-floor suite was advertised at $43 a square foot a year. The listing describes the campus as “previously the headquarters for Blackbaud.” The company’s most recent quarterly filing, from July, still gives 65 Fairchild St. as the address of its principal executive offices.

Blackbaud did not always own the building. An affiliate of the developer Holder Properties built the campus, and Blackbaud moved in as a tenant. In 2020, the company agreed to buy the building from its landlord for $76.3 million, the Post and Courier reported, and it completed the purchase that August, according to its filings. As part of the deal, Blackbaud took on two real estate loans with a combined balance of $61.1 million at the time. They come due in April 2038.

Remote-flexible, or remote-first

Blackbaud’s annual report describes its workforce model as not “remote-only,” “hybrid-only,” or “in-office-only,” and says it “adapts to the needs of the work and the teams.” Its quarterly report for the period ended June 30 calls the approach a “remote-first workforce strategy” and says the company does not expect to sign any new, material office leases “for the foreseeable future.”

The annual report lists “optimization of our real estate footprint” among the steps Blackbaud has taken to improve efficiency, along with headcount reductions. The company has already cut other office space. It closed its Washington, D.C., office in February 2023 and paid the landlord $28 million in February 2025 to be released from that lease, according to its filings.

Blackbaud employed about 2,800 people worldwide at the end of 2025, according to its annual report. At the end of 2019, it had slightly more than 3,600, the Post and Courier reported at the time. The filings do not break out how many employees work in South Carolina.

Growing in India

While it rents out space at home, Blackbaud is adding offices in Hyderabad, India, where it is building what it calls a Global Capability Center. It signed leases there for 69,058 square feet in June 2025 and 45,370 square feet in January 2026, according to its annual report. Together, those leases cover about two-thirds as much space as the Daniel Island building.

The company says the India center “enhances our access to talent, enables labor arbitrage while maintaining a high quality of work, and supports a follow-the-sun operating model.” In its annual report, it said it expected $6 million to $8 million in costs in 2026, mostly severance and other employee transition expenses, as it moves certain roles there. It recorded $3 million of those costs in the first half of the year, according to its quarterly report. The filings do not say where the affected employees are based.

The business itself

The real estate shift comes as the company pitches new artificial intelligence products. At its bbcon customer conference in Columbus, Ohio, on Sept. 29, Blackbaud announced Platform for Good, which it describes as a unified operating system that ties its products together, and Lantern, a language model for fundraising built with the data company Databricks.

“Every organization has access to powerful AI, but frontier models learn from the internet, while Lantern learns from philanthropy,” Gianoni said in the company’s announcement. Blackbaud said Lantern will begin powering select features in its Raiser’s Edge NXT fundraising software in 2027.

For the second quarter, Blackbaud reported revenue of $290.6 million, up from $282.0 million a year earlier, and net income of $35.4 million, up from $26.5 million.

The company will report third-quarter results before the market opens on Oct. 28.

The 2020 purchase also included a neighboring tract that Blackbaud had said would be reserved for future expansion, the Post and Courier reported then. The company’s filings do not mention plans for it.