This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nordstrom Rack To Open In Emeryville, Calif.

Stocks in this article: JWN

SEATTLE, May 29, 2014 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to further expand in the Bay Area with the addition of a Nordstrom Rack in Emeryville, Calif. at the East Bay Bridge Shopping Center. The approximately 38,000-square-foot store is scheduled to open in fall 2015. The property is owned and managed by Federal Realty Investment Trust.

"We've been focused on growing our store presence throughout northern California and are fortunate to have many loyal customers who have been shopping with us throughout the Bay Area," said Geevy Thomas, president of Nordstrom Rack. "We believe this Rack will be an ideal location for us to take care of more new and existing customers living in the East Bay when we open next year."

East Bay Bridge Center is centrally located where Interstates 80, 880 and 580 merge at the Bay Bridge. The new Rack store will join a great mix of retail and lifestyle tenants such as Target, Michaels, Home Depot, Sports Authority and Pak 'n Save Foods, among others.

" Nordstrom Rack is an exciting addition to East Bay Bridge and enhances the center by delivering a great retail name," said Jeff Kreshek, vice president of Federal Realty West Coast Leasing.

Currently Nordstrom serves customers at five East Bay area locations with full line stores in Walnut Creek and at Stoneridge Mall in Pleasanton, as well as Rack stores in Pleasant Hill, San Leandro and Fremont. In total, the company operates 10 Nordstrom stores and 11 Racks in northern California.

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 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.

About Nordstrom

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 270 stores in 36 states, including 117 full-line stores, 150 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through Nordstrom.com and the newly developed e-commerce site Nordstromrack.com, which operates in partnership with its online private sale site, HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.

About East Bay Bridge Center

East Bay Bridge is a grocery-anchored power center located in a major retail node in the densely populated cities of Emeryville and Oakland, in the East Bay area of Northern California. East Bay Bridge sits at the intersections of three major interstates: I-80, I-880 and I-580 bringing a steady flow of traffic over 200,000 ADT's each. The center is anchored by Home Depot, Target, Pak 'n Save, Michaels and more.

About Federal Realty

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 20 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Their operating portfolio (excluding joint venture properties) was 95.6% leased to national, regional and local retailers as of March 31, 2014, with no single tenant accounting for more than approximately 3.3% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 46 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT.

MEDIA CONTACTS: Naomi TobisNordstrom, Inc.(206) 303-4250  naomi.tobis@nordstrom.com

Collette NavarretteFederal Realty Investment Trust(408) 551-2245 cnavarrette@federalrealty.com

Nordstrom Incorporated logo.

 

Nordstrom Rack storefront.

Logo - http://photos.prnewswire.com/prnh/20001011/NORDLOGO

Photo - http://photos.prnewswire.com/prnh/20130222/SF64843

SOURCE Nordstrom, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs