PHILADELPHIA—Women’s specialty retailer Destination Maternity, which took $40 million in incentives to relocate operations here to New Jersey, says it expects it will close on the sale of its headquarters/distribution facility at 456 N. 5th St. by the end of the company’s fiscal year 2014, which ends at the end of September.

In its recently released third quarter earnings report, the company states that renovations have begun on its 74,000-square-foot building Moorestown, NJ. Destination Maternity plans to move its Philadelphia-based corporate headquarters there in late 2014. The company’s distribution operations will relocate to a 400,000-square-foot facility in Florence, NJ by mid-2015, according to the Philadelphia Business Journal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.