Feb. 19, 2014
. (NYSE: JWN) announced today plans to open a
at Redfield Promenade in
The store, approximately 31,000-square-foot in size, is scheduled to open in spring 2015. Redfield Promenade is owned and operated by
Kimco Realty Corp
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 Nordstrom.com, 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.
originally opened in
Las Vegas, Nevada
in 2001 at Silverado Ranch Plaza and relocated to Stephanie Street in 2011. Nordstrom has also operated a full-line store at Fashion Show Mall in
"We're thrilled to bring a
community," said Geevy Thomas, president of
. "This central retail location at Redfield Promenade is a good fit for us and we look forward to offering customers access to fashion at great prices when we open our doors next year."
The new Nordstrom Rack will be located at Redfield Promenade, a 147,000-square-foot shopping center which sits in the densest retail area of
. The center is situated at the highly trafficked intersection of US-395, Kietzke Lane and South Virginia Street. The new store will move into a former Borders Books and join anchor tenants such as Bed Bath & Beyond and Cost Plus World Market. In addition, the center has several food service-oriented uses including Claim Jumpers, Ijji Sushi and Costa Vida Fresh Mexican Grill.
"We are pleased to have
as a tenant at Redfield Promenade, which represents the retailer's twelfth location within our portfolio," said
, executive vice president and chief operating officer of Kimco. "The reconfiguration of the center to accommodate the new
store highlights the success of our redevelopment strategy in helping to attract best-in-class retailers to our centers and enhance the shopping experience for our customers."
is one of the leading fashion specialty retailers based in the U.S. Founded in 1901 as a shoe store in
, today Nordstrom operates 260 stores in 35 states, including 117 full-line stores, 140
and one clearance store. Nordstrom also serves customers through
and in the online private sale marketplace,
. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in
New Hyde Park, N.Y.
, that owns and operates
largest portfolio of neighborhood and community shopping centers. As of
December 31, 2013
, the company owned interests in 852 shopping centers comprising 125 million square feet of leasable space across 42 states,
. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit
the company's blog at
, or follow Kimco on Twitter at
Nordstrom, Inc.(206) 303-4250
David F. Bujnicki
Vice President, Investor Relations and Corporate CommunicationsKimco Realty Corporation(866) 831-4297
SOURCE Nordstrom, Inc.