BALTIMORE, MD—Specialty value retailer Five Below has selected North Plaza Shopping Center in Parkville as the site for its seventh location in the greater Baltimore County region. The Philadelphia-based company, which operates more than 1,600 stores across 43 states, has signed a lease with Continental Realty Corporation (CRC) for 12,000 square feet of space in the 340,000 square foot retail center located at 8980 Waltham Woods Road. Five Below intends to open in the space formerly occupied by Gabe’s Stores next year.

Five Below is a high-growth value retailer offering trend-right, high-quality products targeting tweens, teens and beyond. Most items are priced between $1 and $5 across eight categories: style, room, sports, tech, create, party, candy and new & now. The company opened more than 60 new stores last quarter, an increase of more than 17 percent from the year before.

Anchored by Safeway, Ross Dress for Less, and Floor & Decor, North Plaza Shopping Center features more than 30 tenants comprised of national, regional, and locally-owned retailers, restaurants, and service providers. Other representative tenants include Harbor Freight Tools, The Y in Central Maryland, Chuck E. Cheese, Five Guys Burgers & Fries, Wockenfuss Candies, Sherwin-Williams, and Sally Beauty Supply. More than 102,000 consumers reside within a three-mile radius of the center, including more than 43,000 households with an average household income exceeding $93,000.

“Value-oriented retailers appeal to a broad demographic, and Five Below is no exception,” stated Kristina O’Keefe, CRC’s Vice President, Commercial Division. “As a respected national brand with a strong following and ambitious growth plans, they are a welcome addition to North Plaza. Their presence as a high-traffic anchor tenant will draw customers from a wide area, energizing the center and providing yet another reason to visit and linger.”

Photo via Continental Realty