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Nordstrom Rack brings great, new energy to Boulder

May '10
Seattle-based Nordstrom, Inc. announced plans to relocate its Nordstrom Rack store from Flatiron Marketplace in Broomfield, Colo. to the Twenty Ninth Street shopping center in Boulder, Colo. The new 35,000 square-foot Rack will be larger than the existing store and centrally located in Boulder at the intersection of 28th Street and Arapahoe. The relocated store is expected to open in spring 2011.

Nordstrom Rack is a unit of the company's off-price retail division and carries merchandise from Nordstrom stores. Nordstrom Rack also offers a wide selection of apparel, accessories and shoes from many of the brands carried in Nordstrom stores.

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. 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.

"We love serving our Boulder and Broomfield area customers," said Geevy Thomas, president of Nordstrom Rack. "While Flatiron Marketplace has been a good home for us, we believe 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 and we're excited to open our doors next spring at Twenty Ninth Street."

"Nordstrom Rack brings a great, new energy to Twenty Ninth Street," said Randy Brant, executive vice president of real estate for Macerich(R) (NYSE: MAC). "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 Inc

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