Let the digging begin. This week, Subaru broke ground on its new future home in Camden, NJ. It won’t be moving its headquarters very far though. The current HQ is just a short distance away in Cherry Hill.
The new $118 million development, at 250,000 square feet, plus an additional building at 83,000 square feet, will be more than double the size of its current headquarters. The plan is to consolidate employees from four of Subaru’s New Jersey operations into one place.
“We are very excited to be moving this project forward as we seek to bring our family of employees together on one site. This signing cements the long-term future of Subaru in the Delaware Valley and we are pleased that, after almost 50 years here, we can plan to continue to be a part of the local community we have supported for so long,” says Thomas J. Doll, president and chief operating officer of Subaru of America.
Subaru’s American headquarters has been in NJ since 1969. Along with its current corporate HQ in Cherry Hill, it also has two offices in Pennsauken, space at Executive Campus in Cherry Hill and a distribution and training center in Florence, NJ.
Subaru plans to complete the new building by the end of 2017.