Nordstrom Rack to Open at Buckhead Station in Atlanta, Georgia
SEATTLE, June 17 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc.
(NYSE: JWN), a leading fashion specialty retailer, announced it will open a
38,000-square-foot Nordstrom Rack, a unit of the company's off-price retail
division, at Buckhead Station shopping center in Atlanta, Ga. in spring 2010.
"We're excited about the opportunity to open our doors in Atlanta at
Buckhead Station," said Scott Meden, president of Nordstrom Rack. "We hope
customers will give us a chance to earn their business at this outstanding new
location."
This will be the retailer's second Nordstrom Rack in the greater Atlanta
area joining Nordstrom Rack at Mall of Georgia Crossing in Buford, Ga. The
company also operates several Nordstrom stores in the area, including a store
at Mall of Georgia in Buford, and Phipps Plaza and Perimeter Mall in Atlanta.
"We are delighted Nordstrom Rack will be opening a store at Buckhead
Station," said Jeff Olson, CEO of Equity One. "Nordstrom's reputation for high
quality merchandise will serve as a great consumer magnet, benefiting the
existing tenants in the center tremendously."
Buckhead Station is a 234,000 square-foot shopping center located at One
Buckhead Loop adjacent to a full interchange of Georgia Highway 400 in the
city of Atlanta. In addition to Nordstrom Rack, the center is occupied by a
strong line-up of retailers including TJ Maxx, Old Navy, Toys "R" Us, Bed Bath
and Beyond, DSW and Ulta 3. The upscale Buckhead community is home to numerous
high-rise office buildings, hotels, shopping centers and two regional malls.
Nordstrom Rack carries merchandise from Nordstrom stores and Nordstrom.com
at 50-60% off original Nordstrom prices. Nordstrom Rack also offers an
incredible selection of brand-name apparel, accessories and shoes for the
entire family--from many of the same hot vendors carried in Nordstrom
stores--purchased specially for Nordstrom Rack, with most at savings of 30-70%
off.
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 176 stores located in 28 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 111 full-line stores, 61 Nordstrom
Racks, two Jeffrey boutiques and two clearance stores. Nordstrom also serves
customers through its online presence at www.nordstrom.com and through its
catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
Equity One is a leading owner of neighborhood and community shopping
centers primarily located in the southeast. As of March 31, 2009, Equity One
owned or had interests in 181 properties, consisting of 167 shopping centers
comprising approximately 18.6 million square feet, four projects in
development/redevelopment, six non-retail properties, and four parcels of
land. Additionally, Equity One had joint venture interests in twelve shopping
centers and one office building totaling approximately 1.9 million square
feet.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO)
MEDIA CONTACTS:
Lara Bain
Nordstrom, Inc.
(206) 373-3034
Bob Mitzel, VP of Leasing
Equity One Realty & Management
(770) 955-4406
SOURCE Nordstrom, Inc.
Photo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO
http://photoarchive.ap.org
photodesk@prnewswire.com
Web Site: http://www.nordstrom.com
http://www.prnewswire.com
