Framingham/Natick Retail NewsCenter
Nordstrom Rack to Open at Shoppers World
Nordstrom Rack to Open at Shoppers World in Framingham, Massachusetts
Date of Publication:
June 11, 2009
Development: Shopper's World
Web Site Link: http://phx.corporate-ir.net/phoenix.zhtml?c=93295&p=irol-newsArticle&ID=1298405&highlight=
SEATTLE, June 11 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom,
Inc. (NYSE: JWN), a leading fashion specialty retailer, announced it
will open a 40,159-square-foot Nordstrom Rack, a unit of the company's
off-price retail division, in Framingham, Mass. at Shoppers World. The
new store is scheduled to open in spring 2010.
"We are fortunate to have a lot of great customers in the Boston market
and we look forward to serving them with a second Nordstrom Rack at
Shoppers World," said Scott Meden, president of Nordstrom Rack. "The
center has a wide range of retailers and is an exceptional location."
Shoppers World is a 778,476 square foot shopping center home to
national anchor stores including Kohl's, Barnes & Noble, Best Buy,
Bob's Stores, Marshalls, AMC Theaters, T.J. Maxx, PetSmart, Old Navy,
Toys "R" Us, Babies "R" Us, The Sports Authority, DSW and A.C. Moore.
"Nordstrom Rack will further enhance Shoppers World's position as a
regional shopping destination," said Steven Dorsky, senior vice
president of leasing-northern region for Developers Diversified Realty.
"The retailer is a great addition to our already solid lineup of anchor
Nordstrom Rack at Shoppers World will be the retailer's second Rack
store in the Boston area, joining Nordstrom Rack at Liberty Tree Mall
in Danvers, Mass. The company also operates three Boston-area stores
located at Natick Collection, Burlington Mall and Northshore Mall in
Peabody, Mass. On March 26, 2010, Nordstrom plans to open a new store
at South Shore Plaza in Braintree, Mass.
Developers Diversified Realty currently owns and manages over 700
retail operating and development properties in 45 states, plus Puerto
Rico, Brazil and Canada, totaling approximately 153 million square
feet, with 1.9 million square feet in Massachusetts. Developers
Diversified Realty is a self-administered and self-managed REIT
operating as a fully integrated real estate company that acquires,
develops, leases and manages shopping centers. Additional information
about Developers Diversified Realty is available on the Internet at
Nordstrom Rack is the company's off-price retail division offering
savings of 30 to 70 percent on apparel and accessories for women, men
and children, including one of the most extensive collections of
name-brand shoes available. Nordstrom Rack merchandise is made up of
products from Nordstrom full-line stores and the company's online store
at Nordstrom.com, as well as special purchase items.
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 176 stores located in 28 states. Founded in 1901 as a
shoe store in Seattle, today Nordstrom operates 111 full-line stores,
61 Nordstrom Racks, two Jeffrey boutiques and two clearance stores.
Nordstrom also serves customers through its online presence at
www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly
traded on the NYSE under the symbol JWN.
Developers Diversified Realty
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