Fogo de Chão Expands North Carolina Footprint with Raleigh Location — Fogo de Chão, Inc.

Event summary

Fogo de Chão signed a lease for a new restaurant at Crabtree in Raleigh, North Carolina, at 4325 Glenwood Ave.
The location is part of Fogo's accelerated 2026 growth strategy, following an upcoming Charlotte opening in August.
Crabtree, owned by Macerich, is North Carolina’s largest enclosed shopping center with 8.7 million annual visitors.
Fogo’s development pipeline includes openings in Las Vegas, Peabody, Massachusetts, and Tegucigalpa, Honduras.

The big picture

Fogo de Chão’s expansion into Raleigh underscores its strategy to capitalize on high-growth urban markets, particularly in the Research Triangle region. The move aligns with broader trends in experiential dining and retail real estate, where premium dining concepts are increasingly integrated into mixed-use developments. With a pipeline of domestic and international openings, Fogo is positioning itself as a key player in the global churrasco market.

What we're watching

Execution Risk: Whether Fogo can sustain its accelerated expansion pace while maintaining service quality across new locations.
Market Penetration: How the Raleigh location will perform compared to the upcoming Charlotte opening and other strategic U.S. markets.
Partnership Dynamics: The impact of Fogo’s collaboration with Macerich on future real estate deals and expansion strategies.