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Irving, Texas order economic incentives to land Pei Wei HQ move

Pei Wei Asian Diner confirmed Aug. 23 the company is relocating its corporate headquarters to Irving from Scottsdale, Arizona.

The fast-casual dining, with more than 200 restaurants in 21 states, has 28 locations in the North Texas area, its most-concentrated market.

“We are very excited to relocate to the Dallas-Fort Worth area, which is home to some of our most loyal guests and highest-performing restaurants,” said CEO John “J.” Hedrick in a news release. “We didn’t make this decision lightly. Scottsdale is an extraordinary city that has been our hometown since the brand’s inception in 2000. But our new leadership team felt that the timing was right to make this move, as we chart a new direction for the brand, its operations and our corporate culture.”

Hedrick said Pei Wei is in the process of separating both geographically and operationally from parent company P.F. Chang’s China Bistro. In addition, economic incentives from the State of Texas and the City of Irving were instrumental in the decision to choose Las Colinas.

The company will receive incentives of up to $500,000 from the Texas Enterprise Fund and as much as $75,000 from the city of Irving. Pei Wei is expected to relocate or hire at least 100 new employees with an average annual salary of $125,000. According to information from Irving, “The project has the capacity to result in an increase in real property taxable value of $1,000,000; increase in business personal property taxable value of $500,000; relocation/hiring of at least 100 new employees with an average annual salary of $125,000; and generate at least 1,000 room nights annually at Irving hotels.”

The company will relocate its headquarters to 6191 N. Highway 161 in Irving, according to the city.

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