Real Estate Journal — September 11 - 24, 2015 — 3A
M id A tlantic
M id A tlantic R eal E state J ournal Nine new facilities in the first six months of 2015 NFI adds over 3.5 million square feet of space in 2015 C HERRY HILL, NJ —Supply chain solu- tions provider NFI
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has added nine new facili- ties to its real estate port- folio in the first six months of 2015. Totaling 3,587,342 s/f of space, the distribution centers, located across PA, TX, MS, NC, and NJ, serve NFI’s valued customers in the retail, home goods, grocery, and automotive in- dustries. The new facilities complement an already di- versified portfolio of owned, leased, or operated facilities totaling 25 million s/f of space across North America. “NFI is excited to con- tinue to work with existing customers while welcom- ing new customer partner- ships in 2015,” said Jeff Brown , NFI president and vice chairman. “The opening of over 3.5 million s/f of dis- tribution space across North America, within a six month period, is a testament to the flexibility we offer our cus- tomers. NFI provides a va- riety of real estate services, with the ability to develop, own, lease, and operate a diverse set of properties.” The largest single addi- tion for NFI this year is the
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Five Below aerial
completion of a 1,045,000 s/f distribution center in Oldmans Township, NJ. Five Below, the trend-right, extreme-value retailer ca- tering to pre-teens, teens and beyond, 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 as- pects of the building would be ready for operations this summer. This will function as Five Below’s core eastern
U.S. distribution center, ser- vicing over 300 retail store locations in the region, with room for growth. Providing real estate solu- tions is a core competency of NFI. The company just broke ground on a 504,000 s/f expansion project in Flor- ence Township, NJ, and will continue to develop real estate space throughout the year. Subaru of America will occupy 189,000 s/f of this expansion, while the remaining 315,000 s/f is still available for lease to the NJ market. n
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