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Nordstrom & Forbes sign LOI for new Florida store

21 Jul '05
3 min read

Nordstrom has opened six stores in malls throughout Florida in the past five years: Town Center at Boca Raton, Boca Raton, Fla.; International Plaza, Tampa, Fla.; Village of Merrick Park, Coral Gables, Fla.; Florida Mall, Orlando, Fla; Mall at Wellington Green, Wellington, Fla.; and Dadeland Mall, Miami, Fla.

Waterside Shops is centrally located in the heart of Naples with more than 45 distinctive shops and restaurants. A premier shopping destination, Waterside Shops is one of Naples' top tourist attractions. For more information visit www.watersideshops.com.

The Forbes Company is a nationally recognized owner and developer of upscale regional shopping centers that provide exceptional retail experiences in their respective markets. The Forbes Company owns and manages two other luxury retail properties in Florida, The Mall at Millenia in Orlando and The Gardens Mall in Palm Beach Gardens.

The other partners in Waterside Shops include Taubman Centers, Inc, and ING Clarion.

Taubman Centers is a real estate investment trust that owns, develops, acquires and operates regional shopping centers nationally.

Taubman Centers currently owns and/or manages 22 urban and suburban regional and super regional shopping centers in 13 states. Taubman Centers is headquartered in Bloomfield Hills, Michigan.

ING Clarion provides real estate investment advisory and management services to institutional investors, primarily U.S. pension funds. Founded in 1982, ING Clarion is a national organization with 600 employees and offices in major markets across the country. Today, ING Clarion manages over $20 billion in real estate assets, both in the private and public sectors.

Seattle-based fashion company Nordstrom Inc was founded in 1901 as a shoe store. Today Nordstrom operates 95 full-line stores, 49 Nordstrom Racks, five Faconnable boutiques, one freestanding shoe store, and two clearance stores. Nordstrom also operates 32 international Faconnable boutiques, primarily in Europe. Company offers apparel, shoes, jewelry, cosmetics, fragrances and accessories for men, women and kids.

Nordstrom Inc

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