SEATTLE, Jan. 7, 2014 /PRNewswire/ -- Seattle-based
Nordstrom, Inc. (NYSE: JWN) announced today plans to open a
Nordstrom Rack at Lake Brandon Plaza in Brandon, Fla. The approximately
32,700-square-foot store is scheduled to open in fall 2014. Lake
Brandon Plaza is owned and managed
by DDR Corp. (NYSE: DDR).
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 and
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.
When it opens, the Lake Brandon Plaza Nordstrom Rack will be the
company's third location in the greater Tampa area. Nordstrom has operated a full-line
store at International Plaza since 2001. The first Nordstrom Rack in Tampa opened at Walters Crossing in 2010.
"Since 2010, customers in Tampa
have enjoyed shopping at the Rack and we hope our new store at Lake
Brandon Plaza will help us more conveniently serve the many
customers we are fortunate to have in west central Florida," said Geevy Thomas, president of
Nordstrom Rack.
The new Nordstrom Rack is located
off Interstate 75. It will move into the space currently occupied
by Babies "R" Us and join a strong surrounding retail scene. Nearby
stores include Publix Super Market, Jo-Ann Fabric and Craft, Kohl's
and Sports Authority.
"The addition of Nordstrom Rack
greatly enhances the merchandising mix while simultaneously
expanding the regional draw of Lake Brandon Plaza," said
Paul Freddo, senior executive vice
president of leasing and development for DDR. "The Lake Brandon
Plaza location will be the eighth Nordstrom
Rack store in our portfolio and we look forward to continued
success and expansion with Nordstrom's off-price division."
About Lake Brandon Plaza
Lake Brandon Plaza is a 440,442-square-foot retail
property located in Brandon,
Florida, featuring a trade area population of 416,300. The
property's other anchor tenants include Publix, Jo-Ann Fabric and
Craft, buybuy BABY, PetSmart, Sports Authority and Lowe's. Lake
Brandon Plaza occupies a prime
location in the Tampa MSA, just off Interstate 75 and near Brandon
Mall, further expanding its regional draw.
About DDR Corp.
DDR Corp. (NYSE: DDR) is an owner and
manager of 417 value-oriented shopping centers representing 114
million square feet in 39 states, Puerto
Rico and Brazil. The
company's assets are concentrated in high barrier-to-entry markets
with stable populations and high growth potential and its portfolio
is actively managed to create long-term shareholder value. DDR is a
self-administered and self-managed REIT operating as a fully
integrated real estate company and is publicly traded on the New
York Stock Exchange under the ticker symbol DDR. Additional
information about the company is available at www.ddr.com, as well
as on Twitter, LinkedIn and Facebook.
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.
MEDIA CONTACTS:
Naomi Tobis
Nordstrom, Inc.
(206) 303-4250
Naomi.tobis@nordstrom.com
Matt Schuler
DDR Corp.
(216) 755-5500
MSchuler@ddr.com
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.