CHERRY HILL, NJ—Subaru of America, Inc. has confirmed that it expects to relocate its new corporate headquarters to an all-new development in Camden, NJ. The car maker is seeing state tax incentives for the move, approximately four miles from the company's current location in Cherry Hill, NJ.

"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," says Thomas J. Doll, president and chief operating officer of Subaru of America. "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."

The new building will consolidate 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 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. A 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—built on the site of the legendary Latin Casino, a world-famous nightclub that once drew top name celebrities like Frank Sinatra and others—since 1986. The company also has local offices in Pennsauken, NJ.