NEW YORK (BUSINESS WIRE) - ShopOne Centers REIT Inc. (“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, today announced it is bringing Five Below to the Giant Food-anchored Southampton Shopping Center in Southampton, Pennsylvania. Five Below, a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond, will open its 9,000 square foot location at the property in late 2023 in the space previously occupied by Tuesday Morning.

“Five Below is one of the retail industry’s fastest growing and popular brands, and we are excited for them to join us at Southampton Shopping Center,” commented Mike Makinen, Chief Operating Officer for ShopOne. “This lease reflects our commitment to providing the neighborhoods we serve with dynamic and synergistic merchandise mixes that streamline the customer experience and reduce the need for consumers to head elsewhere to complete their shopping needs. We look forward to Five Below opening this fall and to further strengthening our partnership with the brand.”

Five Below, headquartered in Philadelphia, offers an edited assortment of exciting products, most priced at $5 and below, including select brands and licensed merchandise across eight worlds: style, room, sports, tech, create, party, candy and new and now. The brand’s customer-centric, experience-first, innovative approach to retail has led to a fiercely loyal customer base and has fostered universal appeal across a variety of age groups beyond its target demographic.

Five Below joins a strong and complementary merchandising lineup at Southampton Shopping Center, while helping to broaden the appeal of the asset with consumers outside of the immediate trade area. In addition to Giant Food, the market-dominant grocer in the Philadelphia MSA, other major tenants at the property include Pet Supplies Plus, Fine Wines and Spirits, Citizen's Bank, MyEyeDr., ATI Physical Therapy, and Massage Envy.

Southampton Shopping Center is located at the intersection of Knowles Avenue and Second Street Pike in Bucks County, just north of Philadelphia.

About ShopOne
ShopOne Centers is a fully integrated investment, management and operating platform focused exclusively on designing and executing strategies in U.S. grocery-anchored neighborhood shopping centers through joint venture partnerships with institutional investor clients. The Company’s retail centers are located in established trade areas and are supported by a diverse mix of non-discretionary, value-oriented and grocery retailers. ShopOne is committed to maximizing the value of its portfolio by capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing redevelopment opportunities. To learn more about ShopOne, please visit ShopOne.com.

About Five Below
Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. We believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities. With most items priced between $1 and $5, and some extreme value items priced beyond $5 in our incredible Five Beyond shop, Five Below makes it easy to say YES! to the newest, coolest stuff across eight awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and New & Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 1,400 stores in 43 states. For more information, please visit www.fivebelow.com or find Five Below on Instagram, TikTok, Twitter and Facebook @FiveBelow.

MEDIA CONTACTS:

For ShopOne
Matthew Chudoba
matthew.chudoba@icrinc.com

Article on Business Wire:

https://www.businesswire.com/news/home/20230818577372/en/ShopOne-Announces-Five-Below-is-Coming-to-Southampton-Shopping-Center-in-Northern-Philadelphia-in-Fall-2023