SEATTLE, Oct. 28, 2014 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN)
announced today plans to open a Nordstrom Rack at Foothills Mall.
The approximately 32,000-square-foot store is scheduled to open in
fall 2015. The property is being developed and managed by Alberta
Development Partners, LLC.
Nordstrom Rack is part of a
planned redevelopment of Foothills Mall, with updates that will
provide a more open air, lifestyle center layout. The new Rack will
be visible and accessible from the main retail corridor of College
Ave.
"We are fortunate to have many customers in Colorado and this additional location will
make it more convenient for those who live in Fort Collins," said Geevy Thomas, president of
Nordstrom Rack. "We look forward to
bringing new and existing customers a local store that will offer
many of their favorite brands we carry at Nordstrom at great
prices."
When the new store opens, it will be the fifth Rack in
Colorado. The company also
operates three Nordstrom stores in the state.
"We are thrilled to have Nordstrom
Rack join a group of leading fashion retailers that will
anchor this best-in-class redevelopment," said Don Provost, founding principal of Alberta
Development Partners.
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.
About Nordstrom
Nordstrom, Inc. is a leading fashion
specialty retailer based in the U.S. Founded in 1901 as a shoe
store in Seattle, today Nordstrom
operates 289 stores in 38 states, including 118 full-line stores in
the United States and one in
Canada; 167 Nordstrom Racks; two
Jeffrey boutiques; and one clearance store. Nordstrom also serves
customers through Nordstrom.com; Nordstromrack.com; online private
sale site HauteLook; and Trunk Club, a personalized clothing
service. Nordstrom, Inc.'s common stock is publicly traded on the
NYSE under the symbol JWN.
About Foothills Mall
The redevelopment of
Foothills Mall will provide a one-of-a-kind shopping, entertainment
and community gathering experience featuring Colorado contemporary architecture that honors
Fort Collins' vibrant,
outdoor-centric and sustainability-minded community. The mall will
draw shoppers from across northern Colorado and southern Wyoming, making way for an economic and
cultural renaissance in the heart of Midtown.
About Alberta Development Partners LLC.
Alberta
Development Partners is engaged in the acquisition, development and
investment of retail and residential real estate opportunities
located throughout the western United
States. Alberta focuses its
efforts on regional retail shopping centers, mixed-use commercial
and residential projects and select build to suit opportunities
that include grocery-anchored shopping centers and value added
opportunities. In the past four years, Alberta has delivered $460 million worth of completed projects, making
Alberta one of the most aggressive
retail and mixed-use development firms in the marketplace. Further
information is available at www.albdev.com
MEDIA CONTACTS:
Naomi Tobis
Nordstrom, Inc.
(206) 303-4250
naomi.tobis@nordstrom.com
Margaret Jackson
Alberta Development Partners
(303) 916-3240
myjackson7@gmail.com
Photo -
http://photos.prnewswire.com/prnh/20130222/SF64843
Logo - http://photos.prnewswire.com/prnh/20001011/NORDLOGO
SOURCE Nordstrom, Inc.