Kimco Signs Nordstrom Rack to Lease in Atlanta, GA

Seattle-based Nordstrom, Inc. (JWN) plans to open a Nordstrom Rack in Atlanta, GA at the Perimeter Expo shopping center, which is owned by Kimco Realty Corp. (KIM).

The 36,000-square-foot store is scheduled to open in fall 2013. Nordstrom operates three full-line and three Rack stores as well as a Jeffrey boutique in the greater Atlanta metropolitan area.

The new Nordstrom Rack will be located at Perimeter Expo, which is accessible from the intersection of I-285 and GA-400 and is located just across the street from the Nordstrom full-line location at Perimeter Mall.

The new one-level Rack store will occupy the street level space of the former Best Buy store and will join a mix of tenants including Marshall's, Old Navy, Off Broadway and Thomasville Furniture.

Nordstrom Rack will now have eleven locations in Kimco Realty Corp. properties.

Nordstrom Rack is the off-price retail division of Nordstrom, Inc., carrying on-trend merchandise from Nordstrom stores and at 50 to 60 percent off original Nordstrom prices. Nordstrom Rack also offers a selection of apparel, accessories and shoes from many of the brands carried in Nordstrom stores. These items are purchased specially for Nordstrom Rack, with most at savings of 30 to 70 percent off.

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