About 300 employees work at Subaru headquarters, a seven-story, 115,000-square-foot building.
It wouldn't be big enough, however, to hold the 900 employees the company hopes to have at a new facility, according to township officials.
As a result, "they're very seriously looking at leaving Cherry Hill," township spokeswoman Bridget Palmer said Tuesday. "It's something we're concerned about."
A Subaru spokesman said the company hasn't decided to leave Cherry Hill but is considering its options.
"We are tentatively looking at other locations to suit our growing business," said Michael McHale, Subaru's director of corporate communications.
He would not comment on other sites and said that even if Subaru moves, "it could easily be in the Cherry Hill area."
Cherry Hill Mayor Chuck Cahn said at a "State of the Town" address on Tuesday that he and the township's director of community development, Paul Stridick, have been meeting with the company to "help them find places in Cherry Hill where they want to be."
Contact Maddie Hanna at 856-779-3232 or firstname.lastname@example.org.