Nordstrom to Open at Partridge Creek Fashion Park in Clinton Township, Michigan
SEATTLE, Oct. 18 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN), a leading fashion specialty retailer announced it has signed a letter of intent with Taubman Centers to open a new Nordstrom store at Partridge Creek Fashion Park in Clinton Township, Mich. Nordstrom will build a new, two-level store that will be approximately 129,000 square feet. Nordstrom at Partridge Creek Fashion Park is scheduled to open in spring 2008.
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"We're excited about expanding our presence in the northeast area of Detroit," said Erik Nordstrom, executive vice president of Full-Line Stores for Nordstrom. "We have been privileged to be a part of the community for over nine years since opening at Somerset Collection in Troy. With our upcoming opening at Twelve Oaks Mall in Novi and now Nordstrom at Partridge Creek Fashion Park, we look forward to more conveniently serving customers in the greater Detroit area."
Located in Clinton Township, Partridge Creek Fashion Park will have a multiplex cinema, several sit-down restaurants and up to 90 specialty retailers. The shopping center will be approximately 600,000 square feet on a 55-acre site along the south side of M-59.
"Nordstrom gets us off to a great start with our merchandising and leasing efforts," said Robert S. Taubman, chairman, president and CEO of Taubman Centers. "We're confident the center, with its unique physical environment and distinctive stores, will complement the area's existing retail, dining and entertainment opportunities."
Nordstrom offers a large selection of quality fashion apparel, shoes and accessories for men, women and children. This will be the third Full-Line Store for Nordstrom in Michigan. Nordstrom Somerset Collection in Troy opened in 1996 and Nordstrom at Twelve Oaks Mall in Novi is scheduled to be complete in fall 2007. The Nordstrom Rack in Troy Marketplace opened in 2000.
Taubman centers, a real estate investment trust, owns and/or manages 23 regional and super regional shopping centers in 11 states. The company is headquartered in Bloomfield Hills, Mich. Additional information about Taubman centers can be obtained from the company's website at www.taubman.com.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 154 US stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 97 Full-Line Stores, 49 Nordstrom Racks, five Faconnable boutiques, one freestanding shoe store and two clearance stores. Nordstrom also operates 32 international Faconnable boutiques in Europe. Additionally, Nordstrom serves customers through its online presence at www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
CONTACT:
Deniz Anders
Nordstrom, Inc.
(206) 373-3038
Stephanie Allen
Investor Relations
Nordstrom, Inc.
(206) 303-3262
Karen MacDonald
Taubman Centers, Inc.
(248) 258-7469
Barbara Baker
Investors
Taubman Centers, Inc.
(248) 258-7367
SOURCE
Nordstrom, Inc.
10/18/2005
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Web site: http://www.taubman.com
Web site: http://www.nordstrom.com