Seattle-based Nordstrom, Inc. announced plans to open a Nordstrom
Rack at The Greene Town Center in Dayton,
Ohio. The approximately 35,000-square-foot store is scheduled to open in
fall 2014. The Greene is managed by Olshan
Properties, formerly known as MPI, Mall Properties, Inc.
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 percent 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 is designed to provide the ultimate treasure hunt to style-savvy
Nordstrom Rack currently has four other
locations in Ohio, two of which opened this past
fall in Columbus and Westlake.
A second Rack location in Columbus is set to
open at Sun Center this spring. Nordstrom operates three full-line stores and
first came to the state in 1997 at Beachwood Place.
"We're excited to have the opportunity to open a Nordstrom Rack at The Greene,"
said Geevy Thomas, president of Nordstrom Rack.
"We believe The Greene represents the best
of shopping and entertainment in the area and we are thrilled to be a part of
this compelling retail environment. This additional location will make it more
convenient for customers who have been making the drive to shop our stores in Cincinnati and Columbus."
The 1.1 million-square-foot, mixed-use community features
open-air gathering spaces, parks for children, over 200 residential units and
pedestrian-friendly streets running through the center. The new Nordstrom Rack will join a strong mix of retailers and
restaurants such as Banana Republic, Sephora, Forever 21, The Cheesecake
Factory and McCormick & Schmicks among others.
"With our winning mix of residential, office and retail in
a pedestrian-focused, town center environment, The Greene
has long been the location of choice for leading retailers, particularly first
time entrants into the Dayton market looking for
one special location from which to launch their local presence," said Jim Davis, vice president of leasing for Olshan
Properties. "We are very proud of the great lineup of brand name tenants
which are thriving at The Greene and are
delighted to welcome Nordstrom Rack into the mix
to share its best-in-class shopping experience with our consumers."
About The Greene Town Center
The Greene, owned and developed by Olshan Properties, formerly
known as MPI, Mall Properties, Inc., opened to thousands of eager visitors on August 24, 2006. The 72-acre, 1.1 million-square-foot,
mixed-use community features pedestrian-friendly streetscapes, open-air
gathering spaces, pop fountains and parks for children, in addition to over
120,000 square feet of second floor office space and over 200 residential units
in an urban environment overlooking the bustling activity of the site. The Greene is the latest step in the evolution of the
mixed-use town center concept, which helped initiate and contribute to the
"live, work, play" philosophy and lifestyle now growing across the
United States. www.thegreene.com
About Olshan Properties
Olshan Properties, formerly known as MPI, Mall Properties, Inc.,
is a privately owned real estate firm specialized in the development,
acquisition, leasing and management of commercial real estate for 55 years. The
close integration of investment and operating capabilities has given Olshan
Properties a reputation as one of the leading private owners of commercial real
estate in the country. Olshan Properties currently owns and/or operates a
diverse portfolio of commercial properties including retail, hotel, office and
residential in eleven states.
Inc. is one of the leading fashion specialty retailers based in the
U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates
261 stores in 35 states, including 117 full-line stores, 141 Nordstrom Racks,
two Jeffrey boutiques
and one clearance store. Nordstrom also serves customers through Nordstrom.com and
in the online private sale marketplace, HauteLook. Nordstrom,
Inc.'s common stock is publicly traded on the NYSE under the
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