Nordstrom Rack To Open In Columbia, Md.
SEATTLE, Dec. 17, 2012 /PRNewswire/ -- Seattle-based
Nordstrom, Inc., (NYSE: JWN) announced today plans to open a
Nordstrom Rack at Columbia Crossing in Columbia, Md., a shopping center that is owned
and operated by Kimco Realty Corp. (NYSE: KIM). The approximately
40,750-square-foot store is expected to open in spring 2013.
Nordstrom Rack is the off-price
retail division of Nordstrom, Inc., carrying on-trend merchandise
from Nordstrom stores and Nordstrom.com at 50 to 60 percent off
original Nordstrom prices. Nordstrom
Rack also offers a wide selection of apparel, accessories
and shoes from many of the brands carried in Nordstrom stores.
These items are purchased specially for Nordstrom Rack, with most at savings of 30 to 70
percent off.
Nordstrom currently operates three Rack stores and four
full-line stores in Maryland.
"We're fortunate to have lots of customer living in Maryland and hope this new store will make it
more convenient for our Columbia
customers to shop both our full-line and Rack locations," said
Geevy Thomas, president of Nordstrom
Rack.
Columbia Crossing is a 475,000 square-foot power center
conveniently located off the Columbia-Jessup exit of Interstate 95, with excellent
accessibility to Maryland Route 175,
and just three miles east of where Nordstrom operates a full-line
store at The Mall in Columbia. The
new Nordstrom Rack will join a
strong mix of tenants at Columbia Crossing including Target,
TJMaxx, Dick's Sporting Goods and Old Navy. The new store will
occupy the former Room Store space.
"We are confident that the opening of Nordstrom Rack at Columbia Crossing will be met
with great enthusiasm," said Michael
Pappagallo, executive vice president and chief operating
officer of Kimco. "Our shoppers are always very excited when we add
this upscale fashion retailer to the tenant mix at our centers, and
we expect our tenth location with Nordstrom to be no
exception."
About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust
(REIT) headquartered in New Hyde Park,
N.Y., that owns and operates North
America's largest portfolio of neighborhood and community
shopping centers. As of Sept. 30,
2012, the company owned interests in 922 shopping centers
comprising 135 million square feet of leasable space across 44
states, Puerto Rico, Canada, Mexico and South
America. 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
www.kimcorealty.com, the company's blog at blog.kimcorealty.com, or
follow Kimco on Twitter at www.twitter.com/kimcorealty.
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.
MEDIA CONTACTS:
Kendall Ault
Nordstrom, Inc.
(206) 303-3019
David F. Bujnicki
Kimco Realty Corp.
1-866-831-4297
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.