SEATTLE, 2016-Dec-02 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today (Dec. 1, 2016) plans to open Nordstrom Rack at Chimney Rock Crossing in Bridgewater, New Jersey. The approximately 36,000-square-foot store is scheduled to open in 2018. The property is owned by Regency Centers.
When the new store opens, it will be the eighth Rack in New Jersey. The company also operates five full line locations at The Mall at Short Hills, Garden State Plaza, Freehold Raceway Mall, Menlo Park and Cherry Hill.
“We look forward to expanding our presence in New Jersey and offering customers in Bridgewater a more convenient location to shop,” said Geevy Thomas, president of Nordstrom Rack. “Nordstrom Rack Chimney Rock Crossing will offer the great brands our customers have come to expect at great Rack prices.”
Nordstrom Rack will join Saks Off Fifth, Whole Foods, Container Store and more. Chimney Rock Crossing is conveniently located just off of Route 22.
“Our retailers are a big part of what is going to make Chimney Rock special,” said Jack deVilliers, Vice President of investments for Regency Centers. “Nordstrom Rack is a top-tier operator whose presence will fit the needs and wants of the surrounding community, while enhancing the center’s merchandising strategy as a whole. We are proud to have them as a part of our development.”
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 349 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 seven clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.
About Regency Centers Corporation
With more than 50 years of experience, Regency is the preeminent national owner, operator and developer of high quality, grocery anchored neighborhood and community shopping centers. The Company’s portfolio of 307 retail properties encompasses over 42.1 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 223 shopping centers since 2000, representing an investment at completion of more than $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.
Source: Nordstrom, Inc.