Pilgrim’s in Negotiation to Sell Local HQ

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.