SEATTLE, Oct. 23, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Woodland Plaza in Tulsa, Okla. The approximately 33,330-square-foot store is scheduled to open in spring 2014. The property is managed by Heitman.
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. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.
"We're pleased to have the opportunity to serve more customers in Oklahoma with a Nordstrom Rack at Woodland Plaza," said Geevy Thomas, president of Nordstrom Rack. "We think Tulsa customers will love the great brands we offer and appreciate the prices, and we're eager to get to work earning their business."
The first Nordstrom Rack in Oklahoma opened on September 12, 2013, at Belle Isle Station in Oklahoma City, another Heitman-managed property. When it opens this spring, the new Tulsa Nordstrom Rack will occupy the former Bed Bath & Beyond location at Woodland Plaza. Located on East 71st Street across from Woodland Hills Mall, Woodland Plaza is home to a mix of retailers, including Old Navy, Famous Footwear and Barnes & Noble.
"Nordstrom Rack is known for carrying the best fashion at a significant savings and for providing customers with a best-in-class shopping experience," said Steve Warsaw, SVP, Retail Specialist of Heitman, which manages Woodland Plaza on behalf of an institutional client. "We are proud of the great lineup of retailers already at Woodland Plaza and we think the Rack will be an exciting addition to the mix."
Heitman, founded in 1966 and headquartered in Chicago, is a real estate investment management firm with approximately $28 billion in assets invested directly and indirectly in real estate in North America, Europe and Asia-Pacific. The firm's clients include institutions, pension plans, endowments and foundations, and individual investors.
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.
Rubenstein (on behalf of Heitman)
SOURCE Nordstrom, Inc.