ArcBest Corporation plans to add 975 jobs over the next seven years as part of a Fort Smith land purchase at Chaffee Crossing, the company announced Friday.
"I`m happy to announce that we are under contract to purchase 40 acres of land at the Chaffee Crossing location in Fort Smith for construction of a new corporate headquarters facility," ArcBest CEO Judy McReynolds said.
The corporation expects to break ground on the new headquarters this fall. A statement released by ArcBest places the total investment from the company, city and state at about $30 million for the 40-acre land purchase and the development of the headquarters.
The company plans to hire 975 workers by 2021.
The anticipated development is part of ArcBest's planned significant growth, as the company "has exceeded the capacity at its current Fort Smith general office at Old Greenwood Road," according to the statement.
The corporation has been leasing supplemental office space at a separate location since early 2012 to keep up with the growth.
Chaffee Crossing director Ivy Owen said he expects the official sale to take place in June.