Nordstrom Rack on the move

Nordstrom continues to expand its off-price format, with plans to open a Nordstrom Rack at The Marketplace at Braintree in Braintree, Massachusetts. The approximately 35,000-sq.-ft. store, leased from Seritage Growth Properties is scheduled to open in fall 2016.



Nordstrom Rack at The Marketplace at Braintree will join a diverse group of retailers including Ulta Beauty, Sports Authority, Best Buy, Bed Bath & Beyond and PetSmart. The 351,282-sq.-ft. center is located south of downtown Boston and near main highways including I-93, I-95 and Route 3.



Seritage is the fee owner of an existing 108,000-sq.-ft. building at The Marketplace at Braintree that will be redeveloped for multiple national retailers, including Nordstrom Rack, and Ulta Beauty, which is already open.



The new store will be the sixth Nordstrom Rack in the greater Boston area. Nordstrom also operates four full-line stores in Massachusetts.



"We are pleased to announce the fifth lease in our portfolio with Nordstrom Rack," said Benjamin Schall, CEO and president of Seritage Growth Properties. "With Nordstrom Rack as an anchor, and with additional national retailers to be announced shortly, the Braintree redevelopment serves as a strong example of our ability to repurpose desirable real estate in a value-enhancing way for our shareholders."