SEATTLE, July 28, 2011 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN)
announced today plans to open a new Nordstrom Rack in Alpharetta, Ga., north of Atlanta. The new 35,000 square-foot store is
scheduled to open spring 2012 at North Point MarketCenter.
Nordstrom Rack is the off-price
retail division of Nordstrom, Inc., and carries on-trend
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
purchased specially for Nordstrom
Rack, with most at savings of 30%-70% off.
North Point MarketCenter is conveniently located just off
Georgia 400. The new Nordstrom Rack
will open in the former Linens 'n Things space and will be
surrounded by an already strong retail mix, including Dillard's, JC Penney, Macy's, Sears and
Von Maur.
When it opens, the North Point store will be the third
Nordstrom Rack in Atlanta. Nordstrom also operates three
full-line Nordstrom stores in the greater metropolitan area as well
as a Jeffrey boutique.
"The addition of Nordstrom Rack
further positions North Point MarketCenter as a suburban shopping
destination and mall alternative," said Michael I. Cohn, executive vice president of
Cousins Properties. "With its central location and strong merchant
mix, the center is well-positioned for future growth."
"We're thrilled to be joining North Point MarketCenter," said
Geevy Thomas, president of Nordstrom
Rack. "Atlanta's been a
great home since we first opened our Mall of Georgia Rack in 2000 and we're looking forward
to better serving our customers with our newest location next
spring."
About North Point MarketCenter
North Point MarketCenter is a 518,000 square foot power center
located in Alpharetta, Ga, off
Georgia 400 at Haynes Bridge Road. The center offers a
dynamic mix of premier national retailers, including Babies "R" Us,
Bed Bath & Beyond, Dick's Sporting Goods, Kirklands, Marshalls,
PetSmart, Regal Cinemas, Stein Mart
and Target. North Point MarketCenter is jointly owned by Cousins
Properties and Prudential Real Estate Investors and managed by
Cousins Properties.
About Cousins Properties Incorporated
Cousins Properties Incorporated is a leading diversified real
estate company with extensive experience in development,
acquisition, financing, management and leasing. Based in
Atlanta, the Company actively
invests in office and retail projects. Since its founding in 1958,
Cousins has developed 20 million square feet of office space, 20
million square feet of retail space, more than 3,500 multi-family
units and more than 60 single-family neighborhoods. The Company is
a fully integrated equity real estate investment trust (REIT) and
trades on the New York Stock Exchange under the symbol CUZ. For
more, please visit cousinsproperties.com
About Nordstrom
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 214 stores located in 29 states. Founded in
1901 as a shoe store in Seattle,
today Nordstrom operates 116 Nordstrom full-line stores, 95
Nordstrom Rack stores, two Jeffrey boutiques and one clearance
store. Nordstrom serves customers through its online presence at
Nordstrom.com and through its catalogs. Nordstrom also operates in
the online private sale marketplace through its subsidiary
HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the
NYSE under the symbol JWN.
MEDIA CONTACT:
Kendall Ault
Nordstrom, Inc.
(206) 303-3019
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.