SEATTLE — Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Riverside Plaza in Riverside, Calif. The approximately 45,000-square-foot store will be the Rack’s first location in Riverside County when it opens in spring 2014. Riverside Plaza is owned and managed by Vestar.
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% 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 provides the ultimate treasure hunt to style-savvy customers.
Located at the 91 Freeway and Central Avenue, Riverside Plaza offers customers a strong mix of retailers, services and restaurants. Tenants include Trader Joe’s, Vons, Forever 21, Jos. A. Bank, Regal Cinemas, California Pizza Kitchen and Panera Bread.
“The offering at Nordstrom Rack changes several times a week with every delivery, so there’s always something new for our customers to discover,” said Geevy Thomas, president of Nordstrom Rack. “A location at Riverside Plaza, surrounded by great grocers, shopping, and entertainment, puts the Rack at the center of our customers’ daily routines and we’re going to work hard to become one of their regular stops.”
“We are excited to have Nordstrom Rack as a tenant at Riverside Plaza,” said Jeff Axtell, Vestar Vice President of Acquisitions and Development. “Nordstrom Rack is a premier retailer who will be a great complement to our existing tenants.”
Nordstrom currently operates 22 full-line stores and 24 Rack stores across Southern California, including a full-line store at the The Galleria at Tyler in Riverside. The nearest Nordstrom Rack is located 20 miles northwest at Ontario Mills Mall.
About Vestar
One of the leading privately held real estate companies in the western United States, Vestar specializes in the acquisition, management, and development of commercial real estate, including entertainment-retail complexes, power and lifestyle centers, and neighborhood centers of varying size and scale that serve as community shopping destinations with a unique sense of place. For more information, please visit www.vestar.com.
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 247 stores in 33 states, including 117 full-line stores, 127 Nordstrom Racks, two Jeffreyboutiques and one clearance store. Nordstrom also serves customers through Nordstrom.comand through its catalogs. Additionally, the Company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.