Aramark — Considering to Move Outside of Philadelphia
Food services company Aramark has been reportedly considering local option in Navy Yard, Camden. The location is outside of their world headquarters in Philadelphia. The move is deemed to take place once the lease on Center City’s Aramark Tower expires on 2018. This is according to a report from the Philadelphia Business Journal.
Chris Collom, Aramark spokesman, stated that the company has been carefully reviewing their options to ensure that any potential transition from their Philadelphia headquarters will be ready beforehand. “As a public company, we have a responsibility to our shareholders to completely assess all available choices,” the spokesman stated. “That includes remaining in Philadelphia or possibly relocating. We have been working closely with city and state officials in a number of locations and will make our final decision soon.”
Aramark, whose core market is within the Canadian and United States areas, also operates in 19 other countries around the globe. While in Center City, the firm occupies an area of 350,000 square feet found within the 32-story, 620,000 square foot Aramark Tower. It had been established as the company’s headquarters in the year 1985 and it was named ARA Services then.
Prior to Center City, Aramark was formerly headquartered in Curtis Publishing Co. building, which was located at 6th and Walnut streets. It now occupies an additional 50,000 square feet of the Wannamaker Building.
Other options for the relocation of the firm include local possibilities found within Center City. Still, they are also on the lookout for possibilities found in Navy Yard and in Camden. For the latter two locations, a building would have to be constructed to accommodate the company. Said infrastructure should provide facilities, food, and uniform services to an array of customers found across multiple sectors.
Aramark reported $14.3 billion in revenue in the previous fiscal year which ended in October 2, 2015. With their revenue earned, they are amongst the largest public companies within the region.
Note: Logo of Aramark taken from commons.wikimedia.org and is placed under the Creative Commons category labeled under reuse with modifications.
Originally published at chicagomoving.wordpress.com on March 21, 2016.