Nearly five years after it was first listed for sale, Tervis, the Sarasota County-based drinkware company founded in 1946, has fully vacated its 119,989-square-foot campus at 201 Triple Diamond Holdings in North Venice. The company moved its operations to South Sarasota County in the 1950s; the Triple Diamond Holdings address served as its headquarters beginning in 2005.

The property has already secured two new tenants that are fully operational: gaming software company Combat Waffle Studios, Inc., and the multisport facility Global Sports Institute. Currently, 54,189 square feet—including 37,650 square feet of warehouse and 16,539 square feet of office space—remain available for lease at the property.

Combat Waffle Studios Inc. is a veteran-owned gaming software company backed by Meta, Facebook and Instagram's parent company, and best-known for its virtual reality game "The Ghosts of Tabor." The company's leadership announced the 23,349-square-foot industrial lease in a stand-alone building on the property in February. Now fully operational in the space, Combat Waffle Studios has plans to have 100 employees working from the office as it grows its portfolio of virtual reality games.

Global Sports Institute announced its 42,451-square-foot lease at the
property in 2024. Founded by Donald Suxho and Yury Shakirov, the company offers state-of-the-art training facilities for international volleyball players,  including serving machines, spike trainers and one-on-one private volleyball training, as well as pickleball, yoga classes and full gym amenities.

In a press release,  Colliers, the property management company for the building's owner Buligo, wrote that "inside sources" say Tervis has relocated its headquarters to its original manufacturing location—which later became a flagship retail store—at 928 S. Tamiami Trail in Osprey. The company filed for Chapter 11 bankruptcy in early 2024 due to declining sales and rising operational costs; it emerged from bankruptcy on Feb. 11, 2025, after restructuring its debt and streamlining operations.

“Obviously, the future goals are to continue to grow the brand and the top line of revenue and continue that legacy of quality products," Tervis CEO Hosana Fieber told us in an interview in February 2024. "We’re really focused on coming out with new products for the next couple of years. That’s going to create that growth."