News
Madison Retail Group Retained by Nordstrom for Manhattan Site Selection
New York Office to Provide Strategic Counsel for Flagship Market Entry
New York, NY (May 30, 2007) – Madison Retail Group announced today that they have been retained by Nordstrom to provide site selection services in Manhattan. The new location would be the first Nordstrom store in the nation’s most productive retail market.
Nordstrom is synonymous with high quality retail and superior service and we are extremely pleased to be working with them on this important assignment,” said Stephen Stephanou, Principal of Madison Retail Group.
We will leverage our propriety research and experience to identify the ideal location for Nordstrom in the highly competitive Manhattan market,” said Virginia Pittarelli, Principal of Madison Retail Group.
We’d love to have a store in Manhattan. It’s been a goal of ours for a long time and we’re aggressively pursuing the right opportunity,” said Pete Nordstrom, President of Merchandising for Nordstrom.
About Madison Retail Group
Headquartered in New York City and Washington, D.C., Madison Retail Group is a national leader in providing leasing and tenant representation services for the retail community of tenants, landlords and developers. Its property portfolio includes over 1.5 million square feet of urban and suburban retail locations and its client roster includes over 55 leading retailers and restaurants. Madison Retail Group is closely affiliated with Madison Marquette, one of the nation’s leading investors, developers and operators of unique and successful retail and retail mixed-use destinations.
About Nordstrom
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 155 U.S. stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 98 full-line stores, 50 Nordstrom Racks, four Faconnable boutiques, one freestanding shoe store and two clearance stores. Nordstrom also operates 37 Faconnable boutiques in Europe. Additionally, Nordstrom serves customers through its online store at www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
