Fast-growing Subaru of America Inc. plans to expand its U.S. headquarters by moving to a campus double the size of the current site.
The new development in Camden, N.J., just 4 miles from the current headquarters in Cherry Hill, N.J., will house more than 500 employees and contractors in the sales, marketing, service and administration departments, a statement said. Those departments currently work out of three separate sites in southern New Jersey.
“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,” CEO Tom Doll said. Subaru plans to complete the 250,000-square-foot headquarters toward the end of 2016 or early 2017, pending approval from the New Jersey Economic Development Authority. The final approval decision will be made in April 2015, the statement said.
Subaru has broken U.S. sales records over 36 consecutive periods of month-over-month gains. This year, the company is poised to exceed 500,000 units sold for the first time. Subaru posted the highest percentage gain among automakers last month with a 24 percent sales increase and 45,273 units sold. For the year through November, its sales are up 21 percent.
Subaru of America spokesman Michael McHale said the headquarters expansion is not a reflection of the automaker’s rising sales, but “it’s more a reflection of the growth of the employees.”
The automaker currently houses 300 employees at the Cherry Hill headquarters and 200 in Pennsauken, N.J.
“We’ve never really operated optimally because we were across two or three locations,” he said.
Subaru’s corporate headquarters has been in New Jersey since 1969 and has been at its Cherry Hill location for the last 18 years.
Photo Credit: Subaru