IRVINE, Calif. (February 1, 2016) — Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at The Market Place in Tustin, Calif. The approximately 32,500-square-foot store is scheduled to open in fall 2016. The Market Place is owned and managed by Irvine Company.
Located at the intersection of the 5 Freeway and Highway 261, The Market Place offers customers more than 120 stores, including: Cost Plus World Market, Target, T.J. Maxx, Dick’s Sporting Goods, Best Buy, TAPS Fish House and Islands Fine Burgers & Drinks.
“We’re grateful for the support our customers in Southern California have shown us and we’re thrilled to grow our presence in Orange County,” said Geevy Thomas, president of Nordstrom Rack. “The Market Place is a top shopping destination and will help us better serve the many customers we are fortunate to have in the area.”
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30-70% off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com and specially purchased items from many of the top brands sold at Nordstrom. The Rack provides the ultimate treasure hunt to style-savvy customers.
“We are excited to welcome an established tenant such as Nordstrom Rack to our diverse collection of retail at The Market Place,” said Easther Liu, chief marketing officer for Irvine Company Retail Properties. “As one of the country’s most popular brands in fashion, we anticipate Nordstrom Rack will become a huge draw for our Tustin and Irvine communities.”
Nordstrom currently operates 22 full-line stores and 31 Rack stores across Southern California, including full-line stores at Fashion Island in Newport Beach, South Coast Plaza in Costa Mesa, Irvine Spectrum Center in Irvine and Main Place in Santa Ana. The nearest Nordstrom Racks are located at Metro Pointe at South Coast, Outlets at Orange and Laguna Hills Mall.
About The Market Place
One of Southern California’s most popular shopping centers, The Market Place is a regional lifestyle shopping center offering the best-in-class in a variety of retail to meet all of your family and home needs, including electronics, home furnishings and décor, sporting goods and more. Conveniently located off the Santa Ana (5) Freeway, the center straddles the cities of Irvine and Tustin. The Market Place features more than 120 stores and notable restaurants, including Best Buy, Cost Plus World Market, Target, Orange County’s largest REI, Taco Rosa, G Burger, Bonefish Grill, Veggie Grill, Lazy Dog Café and BJ’s Restaurant and Brewhouse. For more information, please visit ShopTheMarketPlace.com.
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 323 stores in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 194 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its five clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.