SEATTLE, 2016-Nov-19 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today (Nov. 18, 2016) plans to open Nordstrom Rack at Vintage Oaks Shopping Center in Novato, California. The approximately 39,000-square-foot store is scheduled to open in spring 2017. The shopping center is owned by James Campbell Company, LLC of Hawai’i, and is leased and managed by Crosspoint Realty Services, Inc., of San Francisco.
When the new store opens, it will be the eighteenth Rack in Northern California and the first in Marin County.
“We’ve served customers in Marin County for over 30 years with our full line store at Corte Madera, and we’ve long been eager to find the right location to add a Nordstrom Rack,” said Geevy Thomas, president of Nordstrom Rack. “We’re excited to get our doors open at Vintage Oaks and bring great brands at great Rack prices to our new and existing customers here.”
Nordstrom Rack will take over the building formerly occupied by The Sports Authority, and join Costco, Target, Marshalls, Ross, DSW, Old Navy, Ann Taylor Loft, Sephora and more. Vintage Oaks is conveniently located just off of Highway 101 at the intersection of Rowland Boulevard and Vintage Way.
“We are excited this day has finally arrived,” said Kathleen Burgi-Sandell, Retail Vice President for James Campbell Company. “Nordstrom Rack has been in our sights for many years, and we are fortunate to finally have an ideal location for them in the shopping center.”
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 to 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.
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 348 stores in 40 states, including 123 full-line stores in the United States, Canada and Puerto Rico; 215 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its six clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSEunder the symbol JWN.
About Vintage Oaks
Vintage Oaks is a 620,000 sf super-regional open-air center located in Novato, Marin County, California; 30 miles north of San Francisco. It is home to over 50 stores, restaurants and services; a true one-stop shopping destination. Rack’s new neighbors include Costco, Target, Marshalls, DSW, Sephora, Petco, and In ‘n Out Burger. www.shopvintageoaks.com
About James Campbell Company, LLC
James Campbell Company LLC is a private, Hawai’i-based, nationally diversified real estate company with assets in Washington, D.C., and 15 states across the U.S. The portfolio is valued at $3.0 billion and totals 19.9 million square feet of buildings, 9.9 million square feet of ground leases, and 3,052 acres of land. In 2007, James Campbell Company succeeded the Estate of James Campbell, a 107-year-old private trust that was the legacy of one of Hawai’i’s foremost business pioneers. The Estate played a pivotal role in Hawai’i’s history, from the growth of sugar plantations to the development of the City of Kapolei in western Oahu.
About Crosspoint Realty Services, Inc.
Crosspoint Realty Services, Inc., is a leasing-driven property management company. Operating a portfolio of 6.0M square feet of high-quality shopping center assets throughout California, the boutique company’s clients are a collection of institutional and private owners focused on long-term retail development.
Crosspoint Realty Services, Inc.
SOURCE: Nordstrom, Inc.