Nordstrom Rack To Open In West Des Moines
SEATTLE, Dec. 19, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at the Plaza at Jordan Creek in West Des Moines, Iowa. The approximately 35,000-square-foot store is scheduled to open in fall 2014. The Plaza at Jordan Creek is being co-developed by Hurd Real Estate Services, Inc. and Signature Real Estate Services, Inc.
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 and 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.
Though Nordstrom has operated a 628,560-square-foot fulfillment center in Cedar Rapids since 1997, Nordstrom Rack will be the company's first retail location in Iowa.
"Customers have been asking us for some time to bring a Nordstrom Rack to Des Moines, and we're very happy to be able to respond with a store at the Plaza at Jordan Creek," said Geevy Thomas, president of Nordstrom Rack. "We hope to offer something new to area shoppers by bringing them the brands they love at Nordstrom Rack prices."
The new-build store will join Dick's Sporting Goods, Lowe's and an expanding list of retailers filling out the Plaza at Jordan Creek. The growing development is adjacent to Jordan Creek Town Center, which is home to a strong mix of fashion retailers including J. Crew, Brooks Brothers, Gap and Old Navy.
"We are very excited to announce Nordstrom Rack has chosen the Plaza at Jordan Creek for their first retail store in the State of Iowa," said Richard Hurd, president of Hurd Real Estate Services, Inc. "The addition of Nordstrom Rack is another first-to-market retailer to choose the Plaza at Jordan Creek and further enhances the excitement surrounding the State of Iowa's most dominate retail trade area."
About Plaza at Jordan Creek
The Plaza at Jordan Creek is a 325,000-square-foot regional power center located adjacent to Jordan Creek Town Center, a 2,000,000-square-foot regional mall, in West Des Moines, Iowa. The power center is being co-developed by Hurd Real Estate Services, Inc. and Signature Real Estate Services, Inc.
About Hurd Real Estate Services, Inc.
Hurd Real Estate Services, Inc., a commercial real estate development and investment firm based in Des Moines, Iowa, owns and manages a portfolio of over 90 income-producing commercial properties in nine metropolitan markets throughout the Midwest and Southwestern United States. Hurd Real Estate Services, Inc. was founded by Richard Hurd in 1981 in Des Moines, Iowa and has methodically expanded its footprint and tenant base over the past 32 years through development, acquisition, and repeat build-to-suit projects. For more information about the company, please visit www.HurdRealty.com.
About Signature Real Estate Services, Inc.
Founded in 1970, Signature Real Estate Services, Inc. is a commercial real estate development, investment and management firm based in Des Moines, Iowa. Signature Real Estate Services and affiliated entities own and manage a diverse portfolio of commercial real estate properties. For more information about the company, please visit www.SignatureRES.com.
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 261 stores in 35 states, including 117 full-line stores, 141 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.
Hurd Real Estate Services, Inc.
SOURCE Nordstrom, Inc.