SEATTLE, Nov. 11, 2013 /PRNewswire/ -- Seattle-based
Nordstrom, Inc. (NYSE: JWN) announced today plans to open a
Nordstrom Rack at Magnolia Park in Greenville, S.C. The approximately
32,000-square-foot store is scheduled to open in fall 2014.
Magnolia Park is being developed by Menin Development, Inc.
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.
The Magnolia Park Nordstrom Rack will be the company's first
location in South Carolina. "We're
thrilled to have this opportunity to bring a Nordstrom Rack closer to home for customers in
South Carolina," said Geevy
Thomas, president of Nordstrom Rack.
"Magnolia Park is an excellent location and we look forward to
earning the business of customers there when we open our doors next
fall."
Nordstrom Rack joins a growing
list of retailers filling out the final phase of development at
Magnolia Park. When complete, the center will offer customers
800,000 square feet of retail, dining and entertainment. Current
tenants include Costco, Regal Cinemas, Toys"R"Us and
Babies"R"Us.
"Magnolia Park is proud to include Nordstrom Rack in its stellar collection of
retailers and restaurants," said Marc
Yavinsky, executive vice president of Menin Development,
Inc. "We are privileged to help provide the opportunity for
Nordstrom Rack to make its entry
into the state of South Carolina
and the Greenville community and we look forward to their
opening in 2014."
About Magnolia Park
Magnolia Park is a $250 million, 800,000-square-foot mixed use,
retail and entertainment project located at
the intersection of I-85, I-385 and Woodruff
Road in Greenville, South Carolina, being developed by
Menin Development, Inc. Magnolia Park, formerly the Greenville
Mall, was purchased by a Menin affiliate and the former mall was
demolished and is in final stages of being re-conceived. Upon its
completion by year-end 2014, Magnolia Park will feature an
unsurpassed mix of retailers and restaurants, the majority of
which will be making their South
Carolina or even Southeast U.S. debuts on site.
About Menin Development, Inc.
Menin Development, Inc.
has been a privately held owner, developer and manager of
commercial real estate since its founding in 1985. Menin has owned
and developed in excess of $1 billion
of retail and mixed use properties throughout Florida, Virginia, Tennessee, Louisiana and North and South Carolina. Past projects include Downtown
at the Gardens, Palm Beach Gardens,
Florida, Shoppes of Jupiter, Jupiter,
Florida, and Downtown Short
Pump, Richmond, Virginia.
Menin currently has $400 million of
mixed use commercial projects under construction in South Carolina and Florida.
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 261
stores in 35 states, including 117 full-line stores,
141 Nordstrom Racks, two Jeffrey boutiques and one
clearance store. Nordstrom also serves customers
through Nordstrom.com and in the online private sale
marketplace, HauteLook. Nordstrom, Inc.'s common stock is
publicly traded on the NYSE under the symbol JWN.
(Photo: http://photos.prnewswire.com/prnh/20130222/SF64843)
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
MEDIA CONTACTS:
Kate DeToye
Nordstrom, Inc.
(206) 303-4250
kate.detoye@nordstrom.com
Marc Yavinsky
Menin Development, Inc.
(561) 282-5715
Myavinsky@menin.com
SOURCE Nordstrom, Inc.