Pitcairn Properties Plans Offices for Wal-Mart Suppliers
Pitcairn Properties of Jenkintown, Pa., is planning to build three office facilities totalling 600,000 sf to 750,000 sf adjacent to Wal-Mart's headquarters in Benton, Ark. Partnering with real estate investor and developer FBE Ltd. of New York, Pitcairn will build the $80- to $100-million project in phases. Wal-Mart's suppliers are expected to lease the offices, which Wal-Mart has requested be connected with its headquarters via fiber-optic cabling and an elevated walkway.