NFI, a leading supply chain company headquartered in
Cherry Hill, New Jersey, is pleased to announce that ground has been broken on
a new build-to-suit distribution center in Oldmans Township, New Jersey. The
facility will support the future growth and expansion of Five Below, the
leading retailer of trend-right, high-quality, extreme-value merchandise for
pre-teens, teens and beyond.
“It is an exciting time for Five Below, as we continue to
make the necessary investments to fuel the expansion and success of our brand,”
said Tom Vellios, Cofounder and CEO of Five Below. “NFI has provided us with a solution that is
tailored to our needs and will support Five Below’s need for increased
distribution capacity on the East Coast.”
Five Below will initially occupy approximately 715,000
square feet of the 1,015,000 square foot distribution center, which will
replace the existing Five Below 421,000 square foot facility in New Castle,
Delaware. The facility features energy-efficient warehouse space, Class A
concrete tilt wall construction, cross-dock load configuration, and an ESFR
fire sprinkler system. Construction is scheduled to be complete early summer of
2015. The build-to-suit distribution center will support the continued growth
and expansion of Five Below on the East Coast.
“NFI is excited to collaborate with Five Below to develop
an optimized solution and leverage supply chain efficiencies,” said Jeff Brown,
NFI President and Vice Chairman. “This
groundbreaking is a momentous occasion that would not have been possible
without the dedication of Oldmans Township, and we thank them for their
support.”
From construction and development to property management,
the team at NFI develops facilities around a customer’s distinct supply chain
needs. “We build the best warehouses in
the country because we know what it takes to operate the best warehouses
through our distribution network,” said Brown.
From right to left: Gene Rosadino, Five Below; Jeff
Brown, NFI; Eric Spector, Five Below; Sid Brown, CEO, NFI; Tom Velios, CEO,
Five Below; Walt Harkens, Five Below; Mayor Harry Moore, Oldmans Township, NJ;
Freeholder Director Julie Acton, Salem County
About NFI -- NFI is a fully integrated supply chain
solutions provider headquartered in Cherry Hill, NJ. Privately held by the
Brown family since its inception in 1932, NFI generates more than $1 billion in
annual revenue and employs nearly 7,800 associates. NFI owns facilities
globally and operates 22 million square feet of warehouse and distribution
space. Its company-owned fleet consists of over 2,000 tractors and 8,200
trailers, operated by more than 2,500 company drivers and 250 Owner Operators.
Its business lines include transportation, warehousing, intermodal, brokerage,
global, real estate, trailer storage, and solar services. For more information
about NFI, visit www.nfiindustries.com, or call 1-877-NFI-3777.
About Five Below -- Five Below is a rapidly growing
specialty value retailer offering a broad range of trend-right, high-quality
merchandise targeted at the teen and pre-teen customer. Five Below offers a
dynamic, edited assortment of exciting products in a fun and differentiated
store environment, all priced at $5 and below, including select brands and
licensed merchandise across a number of category worlds: Style, Room, Sports,
Tech, Crafts, Party, Candy, and Now. Five Below is headquartered in
Philadelphia. For more information, visit www.fivebelow.com.
Source: NFI
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