Wednesday, September 10, 2014

Five Below building new 1 million-square-foot distribution center

by Natalie Kostelni, Writer for Philadelphia Business Journal

Five Below broke ground today on a 1 million-square-foot distribution center at 5 Gateway Blvd. in Oldmans, N.J.

The structure is being constructed by NFI, a Cherry Hill, N.J., freight and logistics company. Five Below will initially occupy 750,000 square feet and have room to grow. The property was designed by Bernardon Haber Halloway.

The Salem County building will replace a 421,000-square-foot building the retailer uses in New Castle, Del., as a distribution center. The New Jersey warehouse will be completed next summer and up-and-running during the second half of next year.
Five Below is based in Philadelphia and has more than 350 stores throughout 20 states. Last month, it opened a 7,500-square-foot store in Brooklyn, N.Y.
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