—Campbell Soup Company has purchased 1300 Admiral Wilson Boulevard in Camden, from Camden Gateway Properties I LLC. The 4-acre property includes the vacant Sears building.
The Camden Redevelopment Agency (CRA) and Campbell have received approval from both the City Planning Board and the New Jersey Department of Environmental Protection (NJDEP) to raze the long-vacant Sears building.
This purchase marks a step forward in the process of expanding the Gateway Redevelopment Plan, which was announced in February 2007. Since that time, Campbell has acquired several properties adjacent to its headquarters and to date has purchased approximately 13 acres, all of which are planned to be included in the proposed Gateway Office Park.
Campbell will continue to be the master redeveloper of the office park and will work with state and local officials to attract developers and other businesses to Camden.
“The acquisition presents a great opportunity for Campbell, the State of New Jersey and the County and City of Camden to realize the original vision for the Gateway Office Park and help attract additionalin the city,” said Richard Landers, vice president tax and real estate, Campbell Soup Company. “We’ve always believed that this parcel was critical to having a viable footprint for an office park in the Gateway District.”