Nord­strom Rack to open in Sun­set Val­ley

Depart­ment store dis­count out­let com­ing next spring

Austin American-Statesman - - BUSINESS - By Brian Gaar

Nord­strom will open a dis­count out­let store in Sun­set Val­ley next spring, its sec­ond in the Austin area.

The Nord­strom Rack store will be in the for­mer Linens ’n Things lo­ca­tion at the Sun­set Val­ley Vil­lage shop­ping cen­ter, on the east side of Brodie Lane south of U.S. 290. Other re­tail­ers there in­clude Old Navy, Sprouts Farm­ers Mar­ket and Barnes & Noble.

The 34,040-square-foot store will join Nord­strom’s first area Rack store, which opened last year in the Gate­way shop­ping cen­ter in North Austin. The cloth­ing re­tailer has a tra­di­tional store at Barton Creek Square.

There were plans for a sec­ond ful­lline store at the Do­main in North Austin, but those were put on hold when the econ­omy fell into re­ces­sion. Cur­rently, there is noth­ing of­fi­cial re­gard­ing any Nord­strom/Do­main deal, ac­cord­ing to Chad Marsh, man­ag­ing prin­ci­pal with

See DIS­COUNT, B

Geevy Thomas, pres­i­dent of Nord­strom Rack, walks past a shoe dis­play. Nord­strom plans to open 17 Rack stores this year.

Con­tin­ued from B En­deavor Real Es­tate Group.

“We con­tinue to stay in touch with Nord­strom rel­a­tive to the Do­main,” he wrote in an e-mail.

The Rack stores sell clear­ance mer­chan­dise from Nord­strom’s full-line stores, as well as brands pur­chased es­pe­cially for the out­let stores. Neiman Mar­cus also has two area out­let stores — at the Prime Out­lets in San Mar­cos and at the Brodie Oaks shop­ping cen­ter in South Austin.

While Nord­strom cur­rently op­er­ates 144 tra­di­tional stores and 76 Rack stores, the com­pany plans to open far more of the dis­count ver­sions this year — a to­tal of 17 Rack stores and three full-line stores in 2010, said Colin John­son, a com­pany spokesman.

That’s not a change in strat­egy or a re­ac­tion to the re­ces­sion, he said. Rather, the com­pany has been “for­tu­nate to take ad­van­tage of a lot of great real es­tate op­por­tu­ni­ties in re­ally strong shop­ping cen­ters that are lo­cated in ar­eas where we know we’ve got lots of cus­tomers.”

The full-line stores are still the “heart and soul of our busi­ness,” but the Rack lo­ca­tions pro­vide a good com­ple­ment to them, he said. The first Rack lo­ca­tion opened more than 35 years ago in the base­ment of Nord­strom’s flag­ship store in Seat­tle, John­son said.

John­son said the new Rack lo­ca­tion is a “ter­rific fit” with the other stores in the Sun­set Val­ley Vil­lage cen­ter.

UCR Realty han­dles leas­ing for the shop­ping cen­ter, which is owned by RREEF, the real es­tate in­vest­ment man­age­ment busi­ness of Deutsche Bank’s As­set Man­age­ment di­vi­sion. The Nord­strom Rack is tak­ing the last large empty space avail­able in the 245,000square-foot cen­ter.

Daniel Acker

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