The Subaru facility will be a state-of-the-art, class A, 526,050 square-foot modern distribution facility with tilt-up concrete construction, 32’ clear, 83 loading doors, and 17,000 square feet of office and training space.
Cherry Hill, New Jersey (PRWEB) August 17, 2012
NFI is pleased to announce that it has been chosen by Subaru of America to relocate and expand the Automaker’s parts distribution center and training facility to a new location in Florence, N.J. The location, NFI Park at Florence Crossings, is located at 2020 Route 130 North, less than half of a mile from the New Jersey Turnpike and Pennsylvania Turnpike extension.
“The Subaru facility will be a state-of-the-art, class A, 526,050 square-foot modern distribution facility with tilt-up concrete construction, 32’ clear, 83 loading doors, and 17,000 square feet of office and training space. At full buildout, the NFI Park will comprise approximately 1,650,000 total square feet,” said Jeffrey Brown, NFI Vice Chairman and President.
Construction commenced shortly after Florence Township officials approved of the property development, though a formal groundbreaking is set for 10:00 a.m. on Wednesday, August 22. The facility’s projected date to open for full operations is June 1, 2013.
NFI, a national leader in supply chain solutions based in Cherry Hill, N.J., completed the transaction with Subaru of America and their real estate brokers from CBRE, Inc. on June 29, less than three months from the initial proposal for the opportunity. Michael Landsburg, Vice President of Real Estate for NFI, attributes the speed to completion was “a direct result of the timely and efficient collaboration efforts between NFI, SOA, CBRE, and Florence Township officials, which allowed for an accelerated timeline of events.” NFI had positioned the site to be “shovel ready,” including obtaining the New Jersey Department of Transportation approvals to construct significant highway improvements, so that it could react quickly to potential opportunities.
The Payment In Lieu Of Taxes (PILOT) tax incentive provided by Florence Township was an integral component for the selection of the NFI Park site by Subaru, and will provide significant savings on real estate taxes during Subaru’s occupancy.
The range of opportunities through this transaction is widespread. The proposal contains plans for highway improvements, including a jug handle on Rt. 130, enhancing the transportation infrastructure that exists in the area. The project will provide new community involvement and improvements as well. This includes a new community garden at Florence’s Municipal Building and regularly delivered donations to local food banks. This deal is also spurring other business interests, leading to both short- and long-term job opportunities in the area.
Also, the building will be constructed to achieve Leadership in Energy and Environmental Design (LEED) Certification and will have a solar panel array on the roof of the building provided by NFI Solar. This will provide renewable electricity for the operation at a 20% savings from what Subaru is currently paying. This reduction in electric costs will be provided with no additional fees, liability, or risk to Subaru.
NFI Real Estate is excited to partner with Subaru of America and Florence Township as it adds this project to its continually expanding 23 million square-foot portfolio in North America. As an integral division of the company, NFI Real Estate focuses on the core values of the company — including social responsibility. With these community improvements and energy-efficient alternatives, both Subaru and NFI look to better the communities in which they operate.
The 526,050-square-foot project is the largest built-to-suit development in New Jersey this year, and will be one of the new buildings constructed by NFI Real Estate. NFI is looking forward to future development for the remaining 1.1 million square feet at NFI Park at Florence Crossings.
About NFI: NFI is a fully integrated supply chain solutions provider offering logistics, distribution, warehousing, intermodal, real estate, and solar services across the U.S. and Canada. Headquartered in Vineland and Cherry Hill, New Jersey, NFI owns facilities throughout North America, more than 2,000 tractors, and more than 7,000 trailers. Privately held by one family since its inception in 1932, NFI employs more than 6,000 individuals and has generated $1 billion in revenue in its most recent fiscal year. NFI Real Estate owns and manages more than 23 million square feet of transportation facilities, contract and public distribution space, and office buildings. NFI is a partner of the Environmental Protection Agency’s SmartWay program, which dedicates efforts to increasing energy efficiency and reducing the impact of the freight industry upon the environment. For more information, visit nfiindustries.com.
About Subaru of America, Inc.: Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered in Cherry Hill, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 600 dealers across the United States. Subaru of America has enjoyed strong sales growth in recent years with record sales in 2007, 2009, 2010 and 2011. All Subaru products are manufactured in zero-landfill production plants and Subaru of Indiana Automotive Inc. is the only U.S. automobile production plant to be designated a backyard wildlife habitat by the National Wildlife Federation. For additional information visit subaru.com.