Nordstrom Rack To Open In Albuquerque
SEATTLE, April 24, 2014
SEATTLE, April 24, 2014 /PRNewswire/ --Seattle-based Nordstrom, Inc. (NYSE:
JWN) announced today plans to open a Nordstrom Rack at Winrock Town Center in
Albuquerque, N.M. The approximately 33,500-square-foot store is scheduled to
open in fall 2015. The new Nordstrom Rack will be the company's first retail
location in New Mexico.
"We've long heard from customers in New Mexico that they'd love to have a
Nordstrom offering and we're thrilled to bring a Nordstrom Rack to
Albuquerque," said Geevy Thomas, president of Nordstrom Rack. "We believe
Winrock Town Center represents a great mix of shopping and entertainment in
the area and we look forward to opening our doors next fall."
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering
customers a wide selection of on-trend apparel, accessories and shoes at an
everyday savings of 30-70 percent off regular prices. The Rack carries
merchandise from Nordstrom stores and, as well as specially purchased items
from many of the top brands sold at Nordstrom. The Rack is designed to provide
the ultimate treasure hunt to style-savvy customers.
Winrock Town Center, located along Interstate 40, is central to all
Albuquerque sectors and 50 minutes from Santa Fe. The 83-acre center is New
Mexico's premier retail destination and gateway to Albuquerque's Uptown
District. The new Nordstrom Rack will join a strong mix of retailers including
Dillard's, Regal Cinema, Sports Authority, Bed Bath & Beyond, DSW, Dave &
Busters and BJ's Restaurant and Brewhouse. The property is being developed by
Goodman Realty Group and is exclusively leased by Pegasus Retail.
"Nordstrom Rack is a pivotal retailer in the New Mexico market, adding even
more punch to our powerful retail, entertainment and restaurant lineup," said
Colette Wharton, asset manager for Goodman Realty Group.
Nordstrom, Inc. is one of the leading fashion specialty retailers based in the
U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 267
stores in 36 states, including 117 full-line stores, 147 Nordstrom Racks, two
Jeffrey boutiques and one clearance store. Nordstrom also serves customers
through Nordstrom.com and in the online private sale marketplace, HauteLook.
Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol
About Goodman Realty Group
Goodman Realty Group is a full-service national real estate firm specializing
in acquisition, development, asset and property management, leasing and
construction. Goodman Realty Group owns and operates nearly three million
square feet of retail, office, hospitality, and industrial space in New Mexico
and throughout the nation.
Pegasus Retail specializes exclusively in retail, offering brokerage and
advisory investment services designed to maximize productivity and
profitability for retailers, developers, landlords and investors. In addition
Pegasus Retail is the premier tenant representation firm in New Mexico. Their
list of tenants includes some of the country's most sought after names,
including: Regal Cinemas,Bed Bath & Beyond,TJX Companies, Inc., Office
Depot, BJ's Restaurant and Brewhouse and many more.
Goodman Realty Group
Nordstrom Rack storefront.
Nordstrom Incorporated logo.
Photo - http://photos.prnewswire.com/prnh/20130222/SF64843
Logo - http://photos.prnewswire.com/prnh/20001011/NORDLOGO
SOURCE Nordstrom, Inc.
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