Navy Yard Could Host Subaru’s New American Headquarters

Philadelphia Business Journal reports:

In its quest to search for a new spot for its North American headquarters, Subaru of America Inc. has turned its focus to the Philadelphia Navy Yard as one option it is seriously considering.

A relocation to the Navy Yard would mean a jobs boost for the city and be an area that wouldn’t too terribly displace its 300 or so employees who work from its current national headquarters at 2235 W. Marlton Pike in Cherry Hill, N.J. It has been in that seven-story, 115,000 square-foot building since 1986.

The Navy Yard is in a Keystone Opportunity Zone, which gives tenants who move there breaks on state and local taxes. It’s unknown if Subaru of America would qualify for those benefits.