Dec. 8, 2014—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, N.J.
The new site is approximately four miles from the company's current location in Cherry Hill, N.J.
The confirmation comes as Subaru celebrates six successive annual sales records, and the new building is planned to bring to one campus various functions of the company—including 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 at 250,000 square feet will be double the size of its current 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 N.J. since 1969 and has been in its current location in Cherry Hill since 1986. The company also has local offices in Pennsauken, N.J.