PHOENIX—The Seattle-based company Nordstrom, Inc. announced plans this month to open a Nordstrom Rack at Tempe Marketplace in Tempe, Ariz. The approximately 35,000-square-foot store is scheduled to open in fall 2014. The property is owned and managed by Vestar.
Nordstrom Rack is the off-price retail division of Nordstrom, Inc. The new store will be the sixth in Arizona. The company operates two full-line Nordstrom stores, at Scottsdale Fashion Square and Chandler Fashion Center.
"Tempe Marketplace is a great spot for our fifth Nordstrom Rack in the Valley of the Sun," said Geevy Thomas, president of Nordstrom Rack. "This new location can provide a closer-to-home option for customers in Tempe and we look forward to opening our doors next fall."
The new Nordstrom Rack will open alongside a mix of retailers including Target, DSW, Old Navy and Steinmart. Located at the intersection of two freeways, Tempe Marketplace includes 1.3 million square feet of stores and restaurants.
"We are very excited to welcome Nordstrom Rack to Tempe Marketplace," said David Malin, director of acquisitions and development. "They are the perfect complement to the fashion component of our project and to our broad selection of shopping, dining and entertainment venues”
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