A rendering of the building that Popeyes and Burger King will share when the brand transfers to Miami, Florida.After constructing
a base in Atlanta, the Popeyes dining establishment chain seems moving its headquarters to Miami, according to released reports.
The South Florida Business Journal reported recently that Restaurant Brands International, which owns Popeyes, Tim Hortons and Hamburger King, will combine operations of the three chains in Miami. Dining establishment Brands bought Popeyes for $1.8 billion in 2015.
The Atlanta Journal-Constitution reported in March that Popeyes employees said the company prepares a Miami move and that they anticipate layoffs in Atlanta this summer season. Popeyes reported 30 layoffs in January in the state of Georgia, but it is uncertain whether those were headquarters jobs.
Authorities with Popeyes, Restaurant Brands of Canada and a Miami affiliate did not return telephone call or emails on Monday.
Burger King has signed a lease for 150,000 square feet at 5707 Blue Lagoon Dr., a building under building at the Waterford at Blue Lagoon service park in Miami, according to CoStar information. The leasing agent, Patrick M. Duffy of Newmark Knight Frank, did not instantly return a telephone call for remark.
In September, Hamburger King is moving out of 211,829 square feet at 5505 Blue Lagoon Dr., CoStar data shows.
In a quarterly filing with the U.S. Securities & & Exchange Commission, Restaurant Brands of Canada went over transferring some operations but did not offer specifics.
” In connection with the centralization and moving of our Canadian and U.S. restaurant support centers to brand-new workplaces in Toronto, Ontario and Miami, Florida, respectively, we incurred certain non-operational expenses […] totaling $12.4 million during the three and 6 months ended June 30, 2018,” according to the filing.
The expenses were for replicate lease, moving costs and “relocation-driven compensation,” the filing said.
Dan Granot, a broker with Joel & & Granot Real Estate in Atlanta, brokered Popeyes’ Atlanta offer at 400 Boundary Center Terrace about seven years earlier.
The company started with approximately 55,000 square feet, broadened to 70,000 square feet, and was wanting to take even more space up until Dining establishment Brands revealed the acquisition, Granot said.
It was very important to Popeyes that the business’s offices reflect the chain’s New Orleans heritage, Granot stated.
” They took painstaking care in developing their area out,” he stated. “Popeyes was everything about culture and worker retention.”
Popeyes is not presently listed as a renter in the building, according to CoStar. Leasing agent Glenn Aspinwall of Jones Lang LaSalle might not be reached instantly for remark.
Restaurant Brands states it goes beyond $30 billion in sales from its approximately 24,000 dining establishments in more than 100 counties.