SEATTLE, Aug. 19, 2015 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open Nordstrom Rack at Wilmot Plaza in Tucson, Arizona. The approximately 25,000-square-foot store is scheduled to open in spring 2016. The property is owned by BP Wilmot Plaza LLC, an affiliate of Bourn Companies, LLC.
Nordstrom Rack will be joining fellow anchors TJ Maxx and Dick's Sporting Goods in the redeveloped Wilmot Plaza shopping center, located at the intersection of Broadway Boulevard and Wilmot Road near Park Place Mall. Wilmot Plaza will encompass approximately 140,000 square-feet of retail space when the 10-acre shopping center is fully redeveloped.
"We're excited to offer our customers in Tucson another location to shop for the brands they love at great prices by adding a second Nordstrom Rack at Wilmot Plaza," said Geevy Thomas, president of Nordstrom Rack. "We're hopeful this will give new and existing customers a more convenient shopping experience."
The new store will be the seventh Nordstrom Rack in Arizona, and the second in Tucson, joining Nordstrom Rack at The Corner which opened in 2011. Nordstrom also operates two full-line stores in Arizona, and began serving customers in 1998 at Fashion Square in Scottsdale.
"We are thrilled to once again to be working with Nordstrom to bring a Rack store to Wilmot Plaza to serve the east half of the market and southern Arizona," said Don Bourn, principal of Bourn Companies, LLC.
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 to 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.
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 304 stores in 38 states and Canada. Customers are served at 118 Nordstrom stores in the U.S. and Canada; 178 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its five clubhouses. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About Bourn Companies, LLC
Bourn Companies, LLC is a commercial real estate investment, development and services company based in Tucson, Arizona. Since its origination in 1990, Bourn Companies and its predecessors have completed over 4,000,000 square feet of acquisitions and developments, specializing in corporate office buildings, retail shopping centers and unique multi-family residential and hospitality properties. The various business activities of Bourn Companies, LLC are executed through two subsidiaries: Bourn Advisory Services: A specialized real estate services company focusing on asset management, leasing, and project and property management for Bourn-owned assets along with a select number of clients. Bourn Properties, LLC: A real estate investment company that acts as the managing member/general partner for the investment partnerships that it sponsors. The company is currently focused on making strategic investments throughout the Southwestern United States. For more information, visit www.bourncompanies.com.
Bourn Companies, LLC
(520) 323-1005 x7612
SOURCE Nordstrom, Inc.