National discount retailer to build massive distribution center in Conroe

A publicly traded discount retail store plans to build a major distribution center north of Houston.

Philadelphia-based Five Below Inc. (Nasdaq: FIVE), which operates a national chain of discount stores, confirmed its plans for a new distribution center in Conroe in a Dec. 5 filing submitted to the U.S. Securities and Exchange Commission.

The company said it expects the total cost of the land and construction to be $56 million, $15 million of which has been paid as of Nov. 2.

The 860,000-square-foot…