BOULDER, CO-Seattle-based Nordstrom Inc. plans to relocate its Nordstrom Rack store from Flatiron Marketplace in Broomfield, CO, to the Twenty Ninth Street shopping center in Boulder, CO. The new 35,000 square-foot Rack will be larger than the existing store and will be located in Boulder at the intersection of 28th Street and Arapahoe.
The relocated store is expected to open in spring 2011. The relocated Nordstrom Rack will join a group of other existing Twenty Ninth Street retailers that includes Macy’s, Apple, Borders Books, Music & Cafe, Anthropologie and White House Black Market.
According to a prepared statement, the move follows the expiration of Nordstrom’s lease at Flatiron Marketplace, where it has operated a Rack store since 2001. Macerich is the owner and developer of both Twenty Ninth Street and FlatIron Crossing, where Nordstrom operates a full-line Nordstrom store.
Chris Fiello, a senior manager of leasing at Macerich, tells GlobeSt.com that Nordstrom rack signed a 10 year deal, but couldn’t provide any other details on the lease terms. He did point out that the store’s previous lease was just less than 32,000 square feet.
Geevy Thomas, president of Nordstrom Rack, says in a prepared statement that while Flatiron Marketplace has been a good home for the store, he says that relocating to Boulder “gives us a great opportunity to improve the Rack shopping experience for our customers. We think this location in the heart of Boulder will help us serve more customers …”
Randy Brant, executive vice president of real estate for Macerich, points out that Nordstrom Rack “brings a great, new energy to Twenty Ninth Street.” He adds that “The addition of this highly sought after retailer will bring considerable distinction for Twenty Ninth Street and the Boulder shopper through their great offering of fashion and value.”
Nordstrom did not respond to GlobeSt.com queries by deadline.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
