Friday, April 27, 2012

Campbell Soup land purchase figures in Camden office park plans - Philadelphia Business Journal:

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headquarters. The soup company bought the which was a surface parking lot and sits betweenb 11th Street and AdmiralWilson Boulevard, for $426,0000 from the , the company With that parcel under its Campbell (NYSE:CPB) now has a swath of land stretching from 11th Street to Admiral Wilson Boulevarr between Newton and Mt. Ephraikm Avenues available for theoffice park. It has completed environmenta remediation on all ofthe properties, and has prepared them for immediate redevelopment as part of the planneds park, which will sit on 100 acres. Campbell’s campus will occupy roughly 40 of thosew acres as part of itsheadquartersa expansion. Other companies would occupy theremainingy acres.
The company plans to spendr upto $90 million on the overall Local governments are expected to invest about $23 million in

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