Campbell Soup Company has purchased 1300 Admiral Wilson Boulevard in Camden (US), from Camden Gateway Properties.
The 4-acre property includes the vacant Sears building.
Richard Landers, vice president Tax and Real Estate, Campbell Soup Company, said: “The acquisition presents a great opportunity for Campbell, the State of New Jersey and the county and city of Camden to realise the original vision for the Gateway Office Park and help attract additional development in the city.”
The purchase of 1300 Admiral Wilson Boulevard is another step in the process of expanding the Gateway Redevelopment Plan which was announced in 2007.
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.
Campbell plans to aggressively market the Gateway Office Park to developers and tenants, Landers indicated.
Source: Campbell Soup Company
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