Nordstrom Rack To Open In Downtown DC
Seattle-based Nordstrom, Inc. (NYSE: JWN) said Tuesday that it would open a Nordstrom Rack store at the 1800 L Street, NW building in downtown Washington, D.C. The 35,000-square-foot store is scheduled to open in spring 2013.
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., carrying merchandise from Nordstrom stores and Nordstrom.com at 50 to 60 percent off original Nordstrom prices. Nordstrom Rack offers apparel, accessories and shoes from many of the brands carried in Nordstrom stores.
Nordstrom currently operates three Rack stores and four full-line stores in Maryland, and several full-line and Rack stores in the greater D.C. area.
Eighteen Hundred L Street (1800 L) is part of the Eighteen Hundred and One K (1801 K) Street mixed-use development containing 590,000 square-feet of office space and 75,000 square-feet of retail space. The new one-level Rack store will occupy the street level of the former Borders book store. Nearby stores include Brooks Brothers, Burberry, and Thomas Pink.
Somerset Partners LLC owns and manages the 1800 L Street building, which is one block off Connecticut Avenue with close proximity to Foggy Bottom, Dupont Circle, K Street, the White House and The Mall.
Somerset Partners is a New York-based private investment firm.
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