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FINAL PIECE IN A CAMDEN PUZZLE

FINAL PIECE IN A CAMDEN PUZZLE
After battling for five years to acquire the historic but abandoned Sears building on Camden's Admiral Wilson Boulevard, Campbell's Soup Co purchased the four-acre site last week for $3.5M.
Campbell's, Camden New Jersey
In the last half decade, Campbell's has purchased a series of parcels on 13 acres between Admiral Wilson and South 11th Street, which sits just in front of the company's recently developed $90M world HQ, above. Spokesman Anthony Sanzio tells us the plan has always involved the development of a Campbell's-owned office park, of which the Sears building has long been a major impediment. (For a sec, we thought he said Campbell's theme park, and our imagination ran wild. Race you to the chunky tomato river ride.)

Sears Building in Camden
In years past, the historically designated Sears structure has acted as a nightclub, a car dealership, and an office building (thankfully not all at the same time). "But in many respects, it's outlived its usefulness," says Anthony. The plan going forward involves razing the site and developing Class-A office space throughout the now entirely Campbell's-owned acreage. "By revitalizing the area around us, I think that sends a positive symbol. Because what Camden really needs is economic development."
WASHINGTON DC 08.16.2017

ALEXANDRIA STATE OF THE MARKET

The Premier Event on Alexandria's CRE Market

Joseph Ney
Reingold
AJ Jackson
EYA
Austin Flajser
Carr Hospitality/Carr City Centers
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