Harvey Hanna & Associates is now marketing one of the state’s largest distribution center sites.
Recently, the company hosted a breakfast walking tour of the Twin Spans Business Park. On hand were business and political leaders eager to see “blue collar jobs” that comes with distribution operations.
Harvey Hanna, which is based in Newport, hopes is to replace long time tenant, Five Below, with one to four new tenants at the New Castle site.
The fast-growing retailer of items with a price of tag of $5 or less is currently leasing 421,291 square feet of warehouse space at the business park and will be moving its distribution center to a larger site across the river in New Jersey this summer.
Five Below’s current space in Delaware allows for processing 50,000 boxes a day, with 59 loading docks for truck trailers. Five Below is based in Philadelphia and now has stores in an area extending from Texas to Massachusetts. The Twin Spans Business Park has been a distribution center for Five Below since June of 2007. The company doubled its space in 2010.
Five Below employs 175 at the site, according to an earlier Delaware Business Bulletin story.
Twin Spans Business Park has a roster of well known companies (Tire Rack, Zenith Products, Speakman Company) mixed with regional entities.
It is located in New Castle, near I-95, I-295, I-495, Routes 9 & 13 and two miles south of the Delaware Memorial Bridge. The 421,291 square feet of office and warehouse space will be available this fall and can rented in its entirety or can be sub-divided to accommodate up to four different leases.
Harvey Hanna & Associates is a full-service Commercial Real Estate Development Company, featuring three million square feet of industrial and commercial real estate in the mid-Atlantic region.
Company President, E. Thomas Harvey said the company makes a great effort to get to know the needs of tenants and to customize space to meet those needs
Harvey and his business partner, Thomas J. Hanna launched the firm to take advantage of sites close to major population centers and Interstate 95.
Delaware is the home to large distribution centers for Amazon in Middletown and Wal Mart in Smyrna. However, there is a lack of large sites along I-95 in Delaware. As a result, companies like IKEA, Rite Aid, Restoration Hardware, Kohls and now Five Below are opting for distribution locations in adjacent states. Adjacent states and counties also offer financial incentives.
