Pizza Hut to Move Corporate Offices to Plano, Texas

According to the Dallas Morning News, “Pizza Hut has sealed a deal to move its corporate headquarters from Addison to Plano and is planning to break ground next week, the company said Tuesday.”

“The nation’s largest pizza chain, part of Louisville, Ky.-based Yum Brands Inc., and its sister division, Yum Restaurants International, will build a new “restaurant support center” on 20.5 acres in the Legacy Business Park near Corporate and Legacy drives. The building and equipment are expected to cost about $20 million – not counting the cost of the land, which Pizza Hut purchased earlier this month from Trammell Crow Co. The company did not release the cost of the land. The new headquarters will be a three-story building with about 170,000 square feet of office space. The move hinged on an incentive package from Plano – its largest ever – that gives Pizza Hut grants and tax breaks of more than $2 million. That includes economic development grants for costs such as relocation and construction of a new test kitchen, said Sally Bane, executive director of the Plano Economic Development Board. Pizza Hut also will receive property tax breaks through 2021.”