Nordstrom Rack To Open In Dublin, Calif.
SEATTLE, Oct. 15, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at the Village at Dublin in Dublin, Calif. The approximately 35,000-square-foot store is scheduled to open in fall 2015. The center is being developed by Regency Centers Corporation (NYSE: REG).
The new Nordstrom Rack will be located approximately three miles east of the full-line Nordstrom store at Stoneridge Mall in Pleasanton, Calif. On September 12, the Rack opened its newest East Bay location in Pleasant Hill, Calif., at Sunvalley Shopping Center. The company also operates Rack stores in nearby San Leandro and Fremont.
"We've been thrilled with the customer response as we've continued to grow the Rack throughout the East Bay," said Geevy Thomas, president of Nordstrom Rack. "We know our customers want great fashion at great prices. We are going to work hard to exceed their expectations at our new location in Dublin."
Nordstrom Rack joins a growing list of retailers filling out the Village at Dublin, including Whole Foods Market. The development is conveniently located just north of Interstate 580 at the intersection of Hacienda Drive and Dublin Boulevard.
"The presence of Nordstrom Rack complements the exciting merchandising mix of Village at Dublin, which will offer a variety of emerging restaurants and first-class retailers," said Pete Knoedler, senior vice president of investments at Regency Centers. "Anchored by Whole Foods Market, the center meets the area's growing demand for specialty retailers and grocers and is well situated to serve Dublin and the surrounding Tri-Valley area, which has a very high daytime population."
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.
About Village at Dublin
Approximately 152,500 square feet, Village at Dublin is a neighborhood shopping center development located at the corner of Dublin Boulevard and Hacienda Drive in Dublin, Calif., a suburb of San Francisco. Anchored by Whole Foods Market, the center will introduce a mix of first-class retailers and restaurants, serving an area that features a daytime population of 112,778 and average household income of more than $126,000. For more information about Village at Dublin and leasing, contact Leasing Agent Ranfie Ancelovici at (925) 279-1870.
About Regency Centers Corporation
Regency Centers Corporation is the preeminent national owner, operator and developer of high-quality grocery-anchored and community shopping centers. As of June 30, 2013, the company owned 343 retail properties, including those held in co-investment partnerships. Including retailer-owned square footage, the portfolio encompassed 45.9 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 211 shopping centers, including those currently in process, 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.
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 257 stores in 35 states, including 117 full-line stores, 137 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through Nordstrom.com and in the online private sale marketplace, HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
Emily J. Ford
Regency Centers Corporation
SOURCE Nordstrom, Inc.