SEATTLE, April 13,
2023 /PRNewswire/ -- Seattle-based fashion
retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open
four new Nordstrom
Rack stores in 2024 and one in 2025. The new stores
will be located in Davis,
Elk Grove, Gilroy, Oceanside and San
Mateo, California.
"We look forward to opening these new Nordstrom
Rack locations in the Davis, Elk
Grove, Gilroy, Oceanside and San
Mateo communities, strengthening our network of stores and
introducing new customers to Nordstrom
Rack's unique product offering," said Carl
Jenkins, Senior Vice President of Nordstrom Rack
Stores. "In addition to shopping great brands at great
prices, our customers in California can take full
advantage of these convenient new locations to pick-up online
orders and make returns."
With the addition of these five new locations, Nordstrom will
operate 68 Nordstrom Rack stores, 23 Nordstrom stores, five
Nordstrom Locals and one asos | Nordstrom in California.
Davis, Calif.
The 25,000 square-foot store will be located in The Davis
Collection, a popular shopping center that includes other retailers
such as Trader Joe's. Formerly known as University Mall, The Davis
Collection is owned and managed by Brixmor Property Group and is
ideally situated near the University of
California, Davis at Russell Boulevard and Anderson Road.
This store will open in spring 2025.
"Nordstrom Rack is a key addition
to the redevelopment of The Davis Collection, adding highly desired
off-price retail," said Bill Brown,
Executive Vice President of Development/Redevelopment for Brixmor
Property Group. "Nordstrom Rack is
known for exceptional quality, selection and customer service and
appeals to the Davis community we
serve."
Gilroy, Calif.
The 25,000 square-foot store will be located in Gilroy Crossing, a
regional shopping center that includes other retailers such as
Target, Kohls, Barnes & Noble and Petsmart. Gilroy Crossing is
managed by Raider Hill Advisors, LLC and owned by Joule Associates,
LLC, a partnership between Raider Hill Advisors, LLC and Farallon
Capital Management, L.L.C. This shopping center is ideally located
at the intersection of Highway 101 and Highway 152 in Gilroy, CA. This store will open in spring
2024.
"We are excited to announce Nordstrom
Rack will be opening at Gilroy Crossing. Nordstrom Rack is a best-in-class retailer which
will be a great addition to the shopping center and solidify Gilroy
Crossing as the premier shopping destination in the market. With an
extraordinary history of excellence in sales and customer service,
they will surely be a welcomed addition to Gilroy, CA and the surrounding communities,"
said Joseph M. Tichar, Co-Founder,
President and COO of Raider Hill Advisors, LLC.
Oceanside,
Calif.
The 31,000 square-foot store will be located in Pacific Coast
Plaza, a popular shopping center that includes other retailers such
as Best Buy, Petco, Dick's Sporting Goods and Staples. Pacific
Coast Plaza is owned and managed by Citivest Commercial Investments
and is ideally located off of Jefferson St. and Vista Way. This
store will open in spring 2024.
"Nordstrom Rack is a highly
respected and popular retailer. We are thrilled that Nordstrom Rack will be joining our well-rounded
tenant mix at Pacific Coast Plaza and anxiously await the stores
opening," said Dana Haynes,
President, Citivest Commercial Investments.
San Mateo,
Calif.
The 36,000 square-foot store will be located in Bridgepointe
Shopping Center, a regional shopping center that includes other
retailers such as Target, Ulta and Total Wine. Bridgepointe
Shopping Center is ideally located in the Bay Area of California, with excellent regional access via
Highway 101 and Highway 92. This store will open in fall 2024.
Earlier this week, Nordstrom announced its plans to open a new
Nordstrom Rack store in Elk Grove, CA at The Ridge Elk Grove in spring
2024.
Nordstrom Rack is the off-price retail division
of Nordstrom, Inc. and plays a critical role in the
company's Closer to You strategy, which focuses on delivering
customers a more convenient and interconnected experience across
its stores and digital platforms. Nordstrom Rack offers
customers up to 70 percent off on-trend apparel, accessories,
beauty, home and shoes from many of the top brands sold
at Nordstrom stores as well as core services like online
order pickup for Nordstrom.com and NordstromRack.com, easy returns
and alterations at select stores. Nordstrom
Rack is the largest source of new customers to
Nordstrom.
Nordstrom is committed to giving back to the diverse
communities where it operates. Since 2019 along with its
customers, Nordstrom has donated more than $1.5
million in support of its long-term partnership with Big
Brothers Big Sisters of the United States. These proceeds support the
recruitment, training and engagement of adult mentors' recruitment,
training and engagement s, including preparing for an interview,
learning to tie a tie and helping with homework.
About Brixmor
Brixmor is a real estate investment trust (REIT) that owns and
operates a high-quality, national portfolio of open-air shopping
centers. Its 373 retail centers comprise approximately 66 million
square feet of prime retail space in established trade areas. The
Company strives to own and operate shopping centers that reflect
Brixmor's vision "to be the center of the communities we serve" and
are home to a diverse mix of thriving national, regional and local
retailers. Brixmor is a proud real estate partner to over 5,000
retailers.
About Inverness Management
We take great pride in providing exceptional property management at
all our centers. Our goal is to facilitate a positive and enjoyable
experience for tenants, employees, and shoppers.
About Raider Hill Advisors, LLC
Raider Hill is a
private real estate investment and advisory firm with a fully
integrated operating platform providing asset management, leasing,
development, operations, transactions, site selection, ESG and
sustainability integration, and market research services.
About Farallon Capital Management, L.L.C.
Farallon
Capital Management, L.L.C., is a global investment firm founded in
1986 and registered as an investment advisor with the United States
Securities and Exchange Commission since 1990. Farallon seeks
investments across asset classes and around the world through a
process of bottom-up fundamental research and analysis emphasizing
capital preservation.
About Citivest Commercial Investments
Citivest Commercial Investments (CCI) is a full-service real estate
investment company focused on value-add retail properties. Since
1987, CCI, based in Southern Californian has successfully
repositioned shopping centers for its investors throughout the
Western United States. CCI is
dedicated to implementing specific strategies for each investment
property which may include renovation, expansion, redevelopment,
and property management; all with an unwavering commitment to
exceed the expectation of its investors, retailers, and
customers.
About Nordstrom
At Nordstrom, Inc. (NYSE: JWN), we exist to help our
customers feel good and look their best. Since starting as a shoe
store in 1901, how to best serve customers has been at the center
of every decision we make. This heritage of service is the
foundation we're building on as we provide convenience and true
connection for our customers. Our digital-first platform enables us
to serve customers when, where and how they want to shop – whether
that's in-store at more than
350 Nordstrom, Nordstrom Local
and Nordstrom Rack locations or digitally through
our Nordstrom and Nordstrom Rack apps and
websites. Through it all, we remain committed to leaving the
world better than we found it.
MEDIA CONTACT:
Caroline Mattingly
Nordstrom, Inc.
NordstromPR@Nordstrom.com
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SOURCE Nordstrom, Inc.