Campbell Soup Co. recently announced an agreement with the State of New Jersey and the City and County of Camden under which Campbell will make an investment of up to $72 million to expand and enhance its World Headquarters in Camden as part of a redevelopment plan for the city.
The company plans for a new 80,000 square foot employee services building and highlight enhancements to existing Campbell buildings.
“Camden has been Campbell’s home for more than 137 years,” said Douglas R. Conant, president and CEO of Campbell Soup. “We have deep roots here, not just in bricks and mortar, but through our community service, employee volunteerism, and through the Campbell Soup Foundation’s partnerships with community organizations.”
The state of New Jersey will partner with Campbell to help develop a 110-acre office park in Camden’s Gateway Redevelopment District, with Campbell as its anchor. The state, county, and city plan to invest about $26 million in the area’s infrastructure, including improvements to roads, as well as water and sewer upgrades for the redevelopment area.
The project is predicated on future governmental actions before construction of the new Campbell building and the development of the proposed office park will begin.
The development project is dependent upon the re-zoning of the immediate area around Campbell from “light/industrial office” to “office campus zone.” The proposed 110-acre office park will extend from Pine Street to Admiral Wilson Boulevard and will be able to accommodate approximately 500,000 additional square feet of office space. Campbell will be designated the master developer of the 110-acre office park and will work with state and local officials to attract developers and other businesses. Campbell’s campus will use approximately 40 acres.
Campbell expects to break ground on the building, pending permits and other governmental approvals, in the summer of 2007, and plans to complete construction in the fall of 2008. Once the new building is completed, Campbell’s Camden facilities will include approximately 750,000 square feet of office and research and development space. Located in Camden since its founding in 1869, Campbell Soup Company is the longest-standing corporate tenant in the city and the only Fortune 500 Company headquartered in Camden.
For MORE NEWS BRIEFS, click here.
For a FREE SUBSCRIPTION to Expansion Management, click here.
For MORE NEWS BRIEFS SORTED BY STATE, click here.
For MORE NEWS BRIEFS SORTED BY INDUSTRY or FUNCTION, click here.
For MORE NEWS BRIEFS SORTED BY COUNTRY, click here.
Means the article is accessible only to our magazine subscribers.
