Archive: November, 2012
Mike Armstrong, Inquirer Columnist
Keystone Property Group bought the three-building Moorestown Corporate Center from Mack-Cali Realty Corp., a publicly traded real estate investment trust, for $19.9 million.
Based on the price disclosed by Mack-Cali, Keystone paid about $90 per square foot for the office buildings at 224, 228 and 232 Strawbridge Drive in Moorestown. Both companies said the corporate center is 61 percent leased.
Bala Cynwyd-based Keystone said that Shaw Environmental, an engineering firm, occupies all 74,565 square feet of space in the building at 228 Strawbridge.
Mike Armstrong, Inquirer Columnist
Campbell Soup Co. may be based in Camden, but Napoleon, Ohio, is the site of the company’s biggest food-manufacturing plant.
Located near Toledo, the factory employs about 1,500 people who produce soups, sauces and beverages for the consumer-products giant.
It’s also one of the focal points for Campbell Soup’s efforts to make its operations more sustainable. In December, the company switched on a 9.8-megawatt solar-panel farm that is expected to supply up to 15 percent of Napoleon’s electricity needs.
Of course, the sun doesn’t shine every day, but name a manufacturer that goes a day without producing waste. That’s why Campbell Soup has committed to directing organic waste from its food-processing operations in Napoleon to a commercial biogas power plant now under construction nearby.
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980.
Reach Mike at marmstrong@phillynews.com.
