Campbell's to invest $72 million in expansion effort
February 07, 2007
by Eric Schroeder
CAMDEN, N.J. — Campbell Soup Co. has reached 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. Campbell, which has been based in Camden since 1869, plans to build an 80,000-square-foot employee services building on the site.
"Camden has been Campbell’s home for more than 137 years," said Douglas R. Conant, president and chief executive officer, Campbell’s. "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."
In addition to the new employee services building, Campbell is expected to be the anchor tenant at a new 110-acre office park in Camden’s Gateway Redevelopment District. 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.
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’s new employee services building will include a cafe; fully equipped fitness center; a company store and credit union; as well as office space and conference rooms. These all will be relocated from existing buildings. Campbell plans to link the new facility with other buildings on its campus to create an open-air courtyard. Additionally, the building will house an innovative training and learning center called Campbell University. In addition, the building will employ energy efficient HVAC, water conservation, recycled building materials, and day-light harvesting, among other environmentally efficient features.
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. The project marks the first major development to Campbell’s World Headquarters since the construction of the Dr. John T. Dorrance Culinary Center in 2003. The Dorrance Center is regularly a site of community events.