Wingstop is moving to the suburbs.
The Dallas-based chicken wing chain said Tuesday it has signed a deal to acquire a 78,000-square-foot office building in Addison, Texas, for $18.3 million.
The company plans to move its headquarters to the three-story building, which was completed in 2010 and features more open areas, designated space for innovation and kitchen testing.
It also enables the company to grow. The company said its existing headquarters facility does not provide the expansion capacity for its long-term growth.
“We are at a pivotal moment in Wingstop’s path to become a top 10 global restaurant brand,” CEO Charlie Morrison said in a statement. He said the company believes the headquarters will support growth by “creating an environment for innovation and collaboration.”
“As we continue to invest in initiatives that position us for long-term success, attracting and retaining top talent is key to ensure we scale the business and continue to deliver best-in-class results,” Morrison added.
The office is a three-story, modern corporate office building, and Wingstop will be its only occupant, allowing for more flexibility and scalability compared to the current building, which includes multiple tenants.
The new headquarters will house the company’s global test kitchen, an innovation center and a mock Wingstop restaurant.
Addison is located just north of Dallas and has access to three major airports, a network of highways and a nearby residential neighborhood. The location is less than 4 miles from its existing headquarters, “ensuring minimal disruption for Wingstop employees and partners.”
Wingstop has grown consistently over the past several years thanks to a combination of same-store sales and unit growth. U.S. system sales last year topped $1.2 billion, according to Technomic's Top 500 Chain Restaurant Report. That was up 15.3% over the year before and more than double the rate of five years earlier.
The company operates and franchises more than 1,200 locations, the vast majority of which are in the U.S.