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    News Center for Conroe, TX EDC

    Media Center

     
    Five Below Constructing Conroe Park North’s Largest Facility main photo

    Five Below Constructing Conroe Park North’s Largest Facility

    December 20, 2019

    CONROE, TEXAS (December 20, 2019) – Conroe Park North is prepared to add its newest, and largest, tenant. Five Below Inc., a Philadelphia-based retailer, is currently constructing an 858,000 square foot distribution facility in the industrial park. Building on 72 acres, the facility is expected to be operational by May 2020. Once completed, it will be largest building in Conroe Park North.

    Five Below’s addition will also be a major boost to the local workforce. The project is expected to create 190 full-time jobs with an annual payroll of $6.2 million.

    “It is a major win for Conroe to have Five Below choose Conroe for their newest distribution facility,” offered Danielle Scheiner, Executive Director of the Conroe Economic Development Council. “The jobs this project will create and economic boost for the city will be felt immediately. We are excited to welcome Five Below to Conroe.”

    Upon completion and at full operational capacity for Phase 1, the project is expected to add real property improvements with a taxable value of nearly $43 million, business personal property with a taxable value of $34.5 million, and annual inventory of approximately $1 million. Conroe City Council and Montgomery County Commissioners Court have shown their support by approving abatements for the project.

    Five Below’s presence in Conroe is not limited to Conroe Park North. Additionally, the company recently opened a retail store in Conroe’s Grand Central Park.

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    Fast Fact Photo
    AFW

    American Furniture Warehouse project in Conroe

    “Conroe checks all the boxes for what we look for when we expand: accessibility to land, infrastructure, and people. The CEDC listened to our needs and moved quickly to connect us with important resources, and the City of Conroe has been incredibly hospitable.”

    Nolan Morrison, American Furniture Warehouse Executive

    AFW
    Fast Fact Photo
    Buske Logistics

    Buske Logistics project in Conroe Park North

    “The existing infrastructure in and around Conroe Park North creates a smart investment for us because the structure is there. The economics make sense versus competing parks in the area.”

    John Babington, Buske President and Owner

    Buske Logistics
    Fast Fact Photo
    VGXI

    VGXI project in Deison Technology Park

    “I cannot tell you how many people in Conroe have told us, ‘VGXI is exactly what we've been searching for to lead Deison Technology Park.’ We could not have accomplished this without the CEDC staff. Conroe has been so welcoming. It fills us with pride.”

    Dorothy Peterson, VGXI Chief Operating Officer

    VGXI
    Fast Fact Photo
    Eleet

    Eleet Cryogenics project in Conroe Park North

    “Conroe Park North has everything we need. The infrastructure is in place, the Park is very well maintained, and we can be close to our customer base. I thought to myself on that first visit, ‘This is where I want to be.’”

    Garry Sears, Founder and President/CEO of Eleet Cryogenics, Inc. 

    Eleet
    Fast Fact Photo
    Texas Tissue

    Texas Tissue project in Conroe Park North

    “Conroe had the available land and the necessary resources to build what we needed. And from a labor standpoint, Conroe is an attractive market to recruit talent. People want to live and work there.”

    Joe Suarez, Texas Tissue Chief Financial Officer

    Texas Tissue
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    Conroe Economic Development Council 936.522.3530 (phone) 936.756.6162 (fax) info@conroeedc.org 300 W. Davis St, Ste 510 Conroe, TX 77301
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