Subaru of America Inc. held a ceremony Wednesday to mark
the ground breaking of its new 5-story, 250,000-square-foot headquarters in
Camden, N.J.
The company is moving into Camden’s Gateway District from
its current headquarters off Marlton Pike in Cherry Hill. The vehicle maker has
reported record sales in recent years and seven consecutive years of
double-digit growth. The car company will receive $118 million in tax breaks
from the Garden State’s Grow N.J. program over the next 10 years to finance the
new building.
Subaru's new headquarters will total 250,000 square feet.
The company moved into its current national headquarters
at 2235 W. Marlton Pike in 1986. The seven-story building totals 115,000 square
feet. About 300 Subaru employees work from there.
It also maintains other space in South Jersey. It has an
operations center in a 59,000-square-foot building in Pennsauken, N.J., where
it has about 200 employees. It also has a regional office and warehouse in
Westampton, N.J.
The new headquarters will consolidate its corporate
employees onto a single campus. In all, 600 people will work from Camden.
The addition of Subaru to the Gateway District is the
first of what is anticipated to be a handful of other companies and
headquarters to locate on that evolving corporate campus.
Campbell Soup Co. has its headquarters close by and is
the master developer for the Gateway District. Brandywine Realty Trust is
heading up the development of 13 acres adjacent to Campbell’s headquarters.
Source: Philadelphia
Business Journal
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