SEATTLE, Jan. 26, 2015 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) today announced plans to open a Nordstrom Rack at Cerritos Best Plaza in Cerritos, Calif. The 34,000-square-foot store is scheduled to open in fall 2015. The property is managed by CenterCal Properties, LLC.
Cerritos Best Plaza is conveniently located off the 605 and right across the street from Los Cerritos Center where Nordstrom has operated a full-line store since 1981. The addition of Nordstrom Rack is part of an overall redevelopment project at the plaza which will include new to market retailers and restaurants.
"Our new Rack at Cerritos Best Plaza will be right across the street from our Nordstrom store at Los Cerritos Center and offer an additional way to shop for the brands our customers love at great prices," said Geevy Thomas, president of Nordstrom Rack. "Many of our best Rack stores are across the street from our best full-line stores. We know our customers like the convenience of shopping both."
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 are very happy to welcome Nordstrom Rack to Cerritos as we begin a complete remodel and revitalization of the Best Plaza," said Fred Bruning, CEO of CenterCal Properties. "Over the course of 2015 visitors will see many new stores, new architecture and landscaping and even a new name as we reimagine this center as one of the finest open-air shopping centers in Southern California."
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 292 stores in 38 states, including 116 full-line stores in the United States and one in Canada; 167 Nordstrom Racks; two Jeffrey boutiques; and one clearance store. Nordstrom also serves customers online through Nordstrom.com, Nordstromrack.com and private sale site HauteLook. The company also owns Trunk Club, a personalized clothing service that takes care of customers online at TrunkClub.com and its five showrooms. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About CenterCal Properties, LLC.
CenterCal Properties, LLC was formed in 2004 by Fred Bruning and Jean Paul Wardy. With their crystal clear vision in mind and a passion for developing and acquiring fine retail properties throughout the western United States, CenterCal has become increasingly well known for creating shopping destinations that become favorite community gathering places. The company currently owns and operates the following centers: Bridgeport Village, Cascade Station, Nyberg Woods & Nyberg Rivers in Oregon, Valley Mall in Washington, Station Park in Utah, Blackhawk Plaza in Northern California, The Village at Meridian and Treasure Valley Marketplace in Idaho, and The Collection at Riverpark in Southern California. Additional projects currently under development include The Trails at Silverdale in Washington and Cerritos Best Plaza in Southern California. For more information on all of CenterCal's properties, please visit www.centercal.com.
Centercal Properties, LLC
SOURCE Nordstrom, Inc.