Sprouts Farmers Market announced today it will be moving to new corporate digs in north Phoenix.
Phoenix-based Sprouts (Nasdaq: SFM) will move to new headquarters at the former CityNorth development next spring.
The natural grocery chain’s new corporate headquarters will be at 5455 E. High Street as part of the Offices on High Street.
“Our new High Street office will allow for greater collaboration and engagement with team members and business partners,” said Doug Sanders, president and CEO of Sprouts. “It also will better reflect the Sprouts brand and our commitment to sustainability.”
Included as part of Sprouts’ 77,400-square-foot headquarters will be a new Sprouts grocery store.
Sprouts is “a strong addition” to the High Street development, said Leslie Himley, vice president of marketing and communications for the property.
“This lease signing is a tremendous accomplishment for our team, one that will greatly benefit current and future tenants,” she said.
Sprouts currently operates in offices at 11811 N. Tatum Blvd. in east Phoenix. The natural grocer went public last August and has been on a strong growth trajectory since then, including opening its first store in the Southeast.
Sprouts operates more than 175 stores across 10 states.
As of 11:50 a.m., Sprouts shares were down roughly 2 percent to $31.90 per share.