OLDMANS TOWNSHIP, NJ—NFI, a supply chaincompany headquartered in Cherry Hill, NJ, has brokenground on a new build-to-suit distribution center in OldmansTownship, NJ, for future growth and expansion of FiveBelow, a 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 makethe necessary investments to fuel the expansion and success of ourbrand,” says Tom Vellios, cofounder and CEO ofFive Below. “NFI hasprovided us with a solution that is tailored to our needs and willsupport Five Below's need for increaseddistribution capacity on the East Coast.”
Five Below will initially occupy approximately715,000 square feet of the 1,015,000 square foot distributioncenter. The facility replaces Five Below'sexisting facility in New Castle, DE. The new facility featuresenergy-efficient warehouse space, Class A concrete tilt wallconstruction, cross-dock load configuration, and an ESFR firesprinkler system. Construction is scheduled to be complete earlysummer of 2015.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
