SEATTLE, Jan. 9, 2014 /PRNewswire/ -- Seattle-based
Nordstrom, Inc. (NYSE: JWN) announced today plans to open a
Nordstrom Rack at The Greene Town Center in Dayton, Ohio. The approximately
35,000-square-foot store is scheduled to open in fall 2014. The
Greene is managed by Olshan
Properties, formerly known as MPI, Mall Properties, 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 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.
Nordstrom Rack currently has four
other locations in Ohio, two of
which opened this past fall in Columbus and Westlake. A second Rack location in
Columbus is set to open at Sun
Center this spring. Nordstrom operates three full-line stores and
first came to the state in 1997 at Beachwood Place.
"We're excited to have the opportunity to open a Nordstrom Rack at The Greene," said Geevy Thomas, president of
Nordstrom Rack. "We believe The
Greene represents the best of
shopping and entertainment in the area and we are thrilled to be a
part of this compelling retail environment. This additional
location will make it more convenient for customers who have been
making the drive to shop our stores in Cincinnati and Columbus."
The 1.1 million-square-foot, mixed-use community features
open-air gathering spaces, parks for children, over 200 residential
units and pedestrian-friendly streets running through the center.
The new Nordstrom Rack will join a
strong mix of retailers and restaurants such as Banana Republic,
Sephora, Forever 21, The Cheesecake Factory and McCormick &
Schmicks among others.
"With our winning mix of residential, office and retail in a
pedestrian-focused, town center environment, The Greene has long been the location of choice
for leading retailers, particularly first time entrants into the
Dayton market looking for one
special location from which to launch their local presence," said
Jim Davis, vice president of leasing
for Olshan Properties. "We are very proud of the great lineup of
brand name tenants which are thriving at The Greene and are delighted to welcome
Nordstrom Rack into the mix to share
its best-in-class shopping experience with our consumers."
About The Greene Town Center
The Greene, owned and
developed by Olshan Properties, formerly known as MPI, Mall
Properties, Inc., opened to thousands of eager visitors on
August 24, 2006. The 72-acre, 1.1
million-square-foot, mixed-use community features
pedestrian-friendly streetscapes, open-air gathering spaces, pop
fountains and parks for children, in addition to over 120,000
square feet of second floor office space and over 200 residential
units in an urban environment overlooking the bustling activity of
the site. The Greene is the latest
step in the evolution of the mixed-use town center concept, which
helped initiate and contribute to the "live, work, play" philosophy
and lifestyle now growing across the United States.
www.thegreene.com
About Olshan Properties
Olshan Properties, formerly
known as MPI, Mall Properties, Inc., is a privately owned real
estate firm specialized in the development, acquisition, leasing
and management of commercial real estate for 55 years. The close
integration of investment and operating capabilities has given
Olshan Properties a reputation as one of the leading private owners
of commercial real estate in the country. Olshan Properties
currently owns and/or operates a diverse portfolio of commercial
properties including retail, hotel, office and residential in
eleven states. For more information, click here.
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
Margot Olcay for Olshan
Properties
Rubenstein Associates
(212) 843-8284
molcay@rubenstein.com
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.