Subaru Of America Eyes Site For New Corporate Headquarters In Cherry Hill, 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 the current Headquarters building.
According to company officials, confirmation comes as Subaru celebrates six successive annual sales records and the new building is planned to bring on 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.
Subaru of America's application is now subject to New Jersey Economic Development Authority 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.
Thomas J. Doll, President/CEO 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."
Subaru of America has had its corporate headquarters in New Jersey since 1969 and has been in its current location in Cherry Hill since 1986. The company also has local offices in Pennsauken, New Jersey.
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