CAMDEN, NJ—Subaru of America has turned the ignition switch for its new 250,000 square-foot corporate headquarters near Admiral Wilson Boulevard in Camden, NJ. Like several other large New Jersey employers, Subaru is taking advantage of Grow NJ tax incentives to move its North American headquarters from Cherry Hill to Camden. Camden, one of the nation's poorest cities, is just across the Delaware River from Philadelphia, and tax incentives from the state have lured a number of companies to relocate their New Jersey facilities there, instead of moving out of state. The Philadelphia '76ers NBA team is building a practice facility in the city, and Lockheed Martin and American Water are also planning to move there.
As previously reported by GlobeSt.com, Liberty Property Trust is planning a $1 billion office development on the Camden riverfront.
Subaru has produced record sales in recent years, including seven consecutive years of double-digit growth.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.