SEATTLE, Dec. 1, 2010 /PRNewswire/ -- A new Nordstrom Rack is scheduled to open fall 2011 at Cascade Plaza in Tigard, Ore., Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today.
The 45,000 square-foot store will be centrally located in one of the most vibrant shopping locations in the Portland area, easily accessible from Highway 217 and about a mile from the Nordstrom Washington Square full-line store. The new store will further strengthen the Nordstrom Rack presence in the area, joining the Tanasbourne, Clackamas and downtown Portland Rack stores.
"We're thrilled to have the opportunity to serve more customers in the Portland area with a new Nordstrom Rack in Tigard," said Geevy Thomas, president of Nordstrom Rack. "This is a great location for us and we're looking forward to opening our doors next fall."
Cascade Plaza is a mixed-use center that includes 130,000 square-feet of retail space and 200,000 square-feet of office space. The center's retail mix also includes David's Bridal, Burlington Coat Factory, Ross and Best Buy. Cascade Plaza is owned and operated by Harsch Investment Properties.
"Located near Washington Square, Cascade Plaza is in the heart of the top retail destination in the Portland area," said Jordan Schnitzer, president of Harsch Investment Properties. "With an incredible selection of brand-name merchandise at significant savings, Nordstrom Rack will be a terrific addition and help make Cascade Plaza even stronger."
Nordstrom Rack carries merchandise from Nordstrom stores and Nordstrom.com at 50-60% off original Nordstrom prices. Nordstrom Rack also offers a wide selection of apparel, accessories and shoes from many of the brands carried in Nordstrom stores and purchased specially for Nordstrom Rack, with most at savings of 30-70% off.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 204 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 115 full-line stores, 86 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through its online presence at www.nordstrom.com and through its catalogs. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About Harsch Investment Properties:
Founded in 1952, Harsch Investment Properties is a privately-held real estate company that acquires, manages and develops properties for its own portfolio. Headquartered in Portland, Ore. with regional offices in Seattle, San Francisco, Sacramento, San Diego and Las Vegas, the company currently owns over 20 million square feet of office, industrial, retail and multi-family properties. More company information can be found by going to www.harsch.com.
Harsch Investment Properties
SOURCE Nordstrom, Inc.