Posted by Heidi Schwartz
Subaru of America, Inc. has confirmed that it has identified the preferred location of its new corporate headquarters as an all-new development in Camden, NJ. The new site is approximately four miles from the company’s current location in Cherry Hill, NJ.
The new building is planned to bring various functions of the company to one campus. This means consolidated sales, marketing, service and administration that are presently housed across three separate sites in southern New Jersey.
The new site is adjacent to the Campbell Gateway District and is currently owned by Campbell Soup Company. Subaru of America will house more than 500 employees and contractors in the new facility that will be double the size of the current HQ building.
Subaru of America’s application is now subject to New Jersey Economic Development Authority (EDA) approval, followed by negotiations with the developer Brandywine Realty Trust and then a concluding internal cost approval process. Final decision is expected by April 2015 and subject to this approval, Subaru plans to complete the project by fourth quarter, 2016 or early 2017.
Subaru of America has had its corporate headquarters in NJ since 1969 and has been in its current location in Cherry Hill since 1986. The company also has local offices in Pennsauken, NJ.
Thomas J. Doll, president and chief operating officer of Subaru of America said: “We are very excited to be moving this project forward as we seek to bring all of our corporate employees together on one site, in a first class facility. This move cements the long-term future of Subaru in the Delaware Valley, and we are pleased that after more than 45 years here, we can plan to continue to be a part of the local community we have supported for so long.”