Nordstrom to Open at Ridgedale Center in Minneapolis
November 30 2007 - 9:00AM
PR Newswire (US)
SEATTLE, Nov. 30 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom,
Inc. (NYSE:JWN), a leading fashion specialty retailer, announced it
has signed a letter of intent with General Growth Properties, Inc.
(NYSE:GGP) to open a new Nordstrom store at Ridgedale Center in
Minnetonka, Minn. The new, two-level Nordstrom will be
approximately 172,000 square feet and is scheduled to open fall
2011. (Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO)
"We've been in the Twin Cities area since 1992 and have been
fortunate to have great customer support at our Mall of America
store," said Erik Nordstrom, president of stores for Nordstrom. "We
have long wanted to expand our presence here and are thrilled about
this opportunity at Ridgedale." "Nordstrom solidifies Ridgedale
Center as one of the Midwest's top shopping destinations. We admire
Nordstrom's commitment to outstanding merchandise and superior
customer service, and this is a great opportunity to continue
providing an unparalleled lineup of retail for the Twin Cities
shopper. This is an extension of our vision of 'People creating
special places and experiences,'" said Bob Michaels, president and
chief operating officer of General Growth Properties, Inc.
Ridgedale Center is the strongest regional shopping center on the
west side of Minneapolis-St. Paul. The two-level, super regional
center is home to more than 120 top specialty retailers and now,
with Nordstrom, four department stores. For more on Ridgedale
Center, please visit http://www.ridgedalecenter.com/. The Nordstrom
at Ridgedale Center will be the retailer's second store in
Minnesota. Nordstrom at Mall of America opened in 1992, and
Nordstrom also operates a Rack at Mall of America. General Growth
Properties, Inc. is one of the largest U.S.-based publicly traded
real estate investment trusts (REIT) based on market
capitalization. General Growth has ownership interests in or
management responsibility for a portfolio of approximately 200
regional shopping centers in 45 states, as well as ownership and
management interest in master-planned community developments in the
U.S. and shopping centers in Brazil and Turkey. The Company's
portfolio totals approximately 200 million square feet and includes
more than 24,000 retail stores. General Growth Properties, Inc. is
listed on the New York Stock Exchange under the symbol GGP. For
more information on GGP, please visit http://www.ggp.com/.
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 157 stores located in 28 states. Founded in 1901 as
a shoe store in Seattle, today Nordstrom operates 101 full-line
stores, 51 Nordstrom Racks, two Jeffrey boutiques, one freestanding
shoe store and two clearance stores. Nordstrom also serves
customers through its online presence at http://www.nordstrom.com/
and through its catalogs. Nordstrom, Inc. is publicly traded on the
NYSE under the symbol JWN. MEDIA CONTACTS: Michael Boyd Nordstrom,
Inc. (206) 373-3038 David Keating General Growth Properties (312)
960-5000 http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO
http://photoarchive.ap.org/ DATASOURCE: Nordstrom, Inc. CONTACT:
Michael Boyd of Nordstrom, Inc., +1-206-373-3038; or David Keating
of General Growth Properties, +1-312-960-5000 Web site:
http://www.nordstrom.com/ http://www.ggp.com/
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