Liberty Property Trust to construct $1B campus in Camden

Liberty Property Trust plans to construct a $1 billion “iconic skyline” along the Delaware River in Camden, N.J., that aims to become an integral component to the struggling city’s revitalization.

While the Malvern, Pa., real estate investment trust has owned office and industrial buildings in South Jersey, it has never invested in the city of Camden.

Liberty’s decision to make a significant commitment to Camden now is being driven by several demographic and market factors including an increasing desire of a younger workforce to live and work in dynamic urban environments, as well as lucrative tax incentives state officials put in place through its Grow New Jersey Assistance Program. Those combined have created a more attractive environment for private investment and made it less of a gamble.

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