Wingstop Inc. today announced it will relocate its corporate headquarters to Addison, Texas, just north of Dallas, and has signed an agreement to acquire a 78,000 square foot state-of-the-art office building for $18.3 million. Completed in 2010, this thoughtfully designed facility offers an attractive layout with increased open areas, as well as designated space for innovation and kitchen testing to support the company’s next phase of growth.
“We are at a pivotal moment in Wingstop’s path to become a top 10 global restaurant brand and believe this new corporate headquarters will support our strategic growth priorities by creating an environment for innovation and collaboration,” says chairman and CEO Charlie Morrison. “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. Our current facility does not provide the expansion capacity for our long-term growth. We believe that our investment in this facility will generate meaningful returns and create value for our shareholders now and over the long-term.”
The office is a three-story, modern corporate office building that will be occupied solely by Wingstop, allowing for increased flexibility and scalability as compared to the company’s current multi-tenant building format. The design consists of a combination of open office areas, common spaces, conference rooms, training facilities and a fitness center. The new facility will also house the company’s global test kitchen, innovation center, and a mock Wingstop restaurant.
Addison, Texas is conveniently located just north of Dallas with access to three major airports, a network of highways and tollways, as well as attractive residential neighborhoods in the surrounding areas. The company’s new corporate headquarters will be less than four miles from the current headquarters building, ensuring minimal disruption for Wingstop employees and partners following the move.