Development/Redevelopment

Fast growing retailer Five Below is bolstering it supply chain capabilities in the northeast with a new facility that will eventually exceed one million square feet.

The retailer of of value merchandise for teens announced the it will open a new distribution center in Oldmans Township, N.J. The 1,045,000 square-foot facility, located at 5 Gateway Boulevard, Pedricktown, N.J., will replace the company's existing 421,000 square foot facility located 12 miles away in New Castle, Del.

The rebound in the nation’s economy is boosting retail sales and spurring an uptick in the number of retailers seeking to expand their presence in existing markets or grow into new trade areas. However, the boom does have a downside for those tenants, as most are finding out.

Philadelphia -- Five Below will grand open a distribution center in Oldmans Township, New Jersey, on June 3, with shipping out of the new 1 million sq.-ft. center beginning in July.

Located in Pedricktown, N.J., the center will replace the company's existing 421,000-sq.-ft. facility located 12 miles away in New Castle, Delaware. Five Below will occupy approximately 700,000 sq. ft. of the facility to start, with plans to grow to a million square feet over time.

Dollar General has hit another milestone, this time in the small town of Juliette, Georgia.

GOODLETTSVILLE, Tenn. -- Dollar General on Saturday hit another milestone, opening its 12,000th store in the small town of Juliette, Georgia.
 

Cincinnati -- Kroger Co. plans to bring nearly 650 jobs to new centers in a suburban city in southwest Ohio.

Kroger and Ohio officials announced Monday the $46 million investment by Kroger in buildings and renovations for a distribution center and a business administration center for customer service, human resources recruiting and digital innovation in Blue Ash.

Richmond, Va. - InvenTrust Properties Corp. has acquired Westpark Shopping Center, a 176,935-sq.-ft., 95% leased shopping center located in Glen Allen, Virginia, for $33.75 million.  
 

San Francisco - Westfield San Francisco Centre has enlisted RetailNext Inc., a provider of retail analytics for brick-and-mortar stores, to provide in-store retail analytics technologies and services for Bespoke, its new retail-technology hub. Bespoke is made up of tech demonstration, coworking and event spaces.