CHERRY HILL, New Jersey— Supply chain solutions provider NFI added nine new facilities to its real estate portfolio in the first six months of 2015. Totaling 3,58 million sq. ft. of space, the distribution centres, located across Pennsylvania, Texas, Mississippi, North Carolina, and New Jersey, serve NFI customers in the retail, home goods, grocery, and automotive industries.
“NFI is excited to continue to work with existing customers while welcoming new customer partnerships in 2015,” said Jeff Brown, NFI president and vice-chairman.
The largest single addition for NFI this year is the completion of a 1,045,000 sq. ft. distribution centre in Oldmans Township, NJ. Retailer Five Below and NFI broke ground on this real estate development project in September of 2014. The companies worked closely together during the short nine-month construction period to guarantee all aspects of the building would be ready for operations this summer. This will function as Five Below’s core eastern US DC, servicing over 300 retail store locations in the region, with room for growth.
The company just broke ground on a 504,000 sq. ft. expansion project in Florence Township, NJ, and will continue to develop real estate space throughout the year. Subaru of America will occupy 189,000 sq. ft. of this expansion, while the remaining 315,000 sq. ft. is still available for lease to the NJ market.