SEATTLE, Nov. 29, 2012 /PRNewswire/
-- Seattle-based Nordstrom (NYSE: JWN) today announced
plans to open its first full-line store at Mayfair, the largest
mixed-use shopping center in Wisconsin, owned by General Growth Properties,
Inc. (NYSE: GGP). The store is scheduled to open in fall 2015.
The company plans to open an approximately 140,000-square-foot,
three-level store. Nordstrom will join Macy's, Boston Store, Crate
& Barrel and the Apple Store at Mayfair.
"We've heard from customers in the Milwaukee area for years that they would
appreciate a store in their community," said Erik Nordstrom. "We're glad we have an
opportunity to serve our customers, as well as those new to
Nordstrom, in such a strong location as Mayfair."
Located in Wauwatosa, Wis.,
Mayfair is home to more than 160 sought-after retail brands and
includes an outdoor streetscape with popular retail and restaurant
tenants, including The Cheesecake Factory, P.F. Chang's China Bistro and Maggiano's Little
Italy. The property resides in Milwaukee's rapidly expanding trade area and
is the centerpiece of an 86-acre business complex.
Erik Nordstrom continued, "GGP is
a terrific partner for us. They operate great shopping destinations
with a quality tenant mix. That's important to us in terms of
giving customers a reason to shop at one particular location over
another."
"Nordstrom mirrors GGP's goal to provide an unparalleled
experience for our customers and the community. Their reputation,
quality merchandise and exceptional customer service complements
GGP's retail strategy," said Sandeep
Mathrani, CEO, GGP. "We're excited to provide shoppers with
yet another sought-after retail option at Mayfair."
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 240 stores
in 31 states, including 117 full-line stores, 119 Nordstrom Racks,
two Jeffrey boutiques, one treasure&bond store and one
clearance store. Nordstrom also serves customers through
Nordstrom.com and through its catalogs. Additionally, the Company
operates in the online private sale marketplace through its
subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly
traded on the NYSE under the symbol JWN.
About GGP
General Growth Properties, Inc. is a fully integrated, self-managed
and self-administered real estate investment trust focused on
owning, managing, leasing and redeveloping regional malls
throughout the United States and
Brazil. GGP currently owns or has
an interest in, 143 regional shopping malls comprising
approximately 135 million square feet of gross leasable area. GGP
is headquartered in Chicago, Ill.
and publicly traded on the NYSE under the symbol GGP. For further
information please visit http://www.ggp.com.
Media Contacts
Nordstrom: Colin Johnson, (206) 303-3036,
Colin.Johnson@nordstrom.com
GGP: Lesley Cheers, (312)
960-2646, Lesley.Cheers@ggp.com
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.; General Growth Properties, Inc.