Pilgrim’s in Negotiation to Sell Local HQ
Posted/updated on: March 2, 2012 at 9:58 am
PITTSBURG — Pilgrim’s Pride, along with corporate real estate company Binswanger, is in negotiations with Region VIII Education Service Center to sell the former Pilgrim’s world headquarters site on U.S. 271 North, with an undisclosed amount on the table.
“I cannot disclose that, by law, but we have had offers,” said Kip Collins, an agent with Binswanger who is handling the property.
According to KETK, the building, which is still involved in a lawsuit over property taxes with the Camp Central Appraisal District, has had a handful of offers in the past 12-month period, Collins said, and is listed for $11.9 million. Pilgrim’s has been selling off large tracts of property since the bankruptcy in 2008, including a large sale of 2,875 acres to the Titus County Fresh Water Supply District, a non-taxable entity, with more than 1,900 acres of that being in Camp County, which removes them from the tax roll.
