Cherry Hill, N.J. (PRWEB) September 09, 2014
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.
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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 http://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 http://www.fivebelow.com.