header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
January 20
1993 - Hart High grad Dee Dee Myers (1979) becomes first female White House press secretary [story]
Dee Dee Myers


Seattle-based Nordstrom, Inc. announced plans to open a Nordstrom Rack at The Promenade at Town Center in Santa Clarita, California. The approximately 30,000-square-foot store is scheduled to open in spring 2018.

Just 35 miles from downtown Los Angeles, The Promenade at Town Center is located off I-5 at the intersection of Magic Mountain Parkway and McBean Parkway. The new Nordstrom Rack store will join more than seven existing retailers in the area.

“We’ve been fortunate to serve customers in the Los Angeles area for many years and we’re thrilled to add a new Nordstrom Rack location in beautiful Santa Clarita,” said Karen McKibbin, president of Nordstrom Rack. “We’re excited to offer local customers a more convenient location to shop great brands at great Rack prices.”

This will be the first Nordstrom Rack store in Santa Clarita. This fall the company is also opening a new Nordstrom Rack at FIGat7th in downtown Los Angeles and relocating a full-line store to Los Angeles’ Westfield Century City.

“Nordstrom Rack is a strong operator, with offerings that are well aligned with the local demographics,” said Ben Green, Asset Manager at Barings, LLC. “We are confident that the store will be embraced by the community and have strong sales volumes. We are excited to have Nordstrom Rack join The Promenade’s existing roster of tenants, including HomeGoods, Party City, and Tilly’s. With the addition of Nordstrom Rack, The Promenade at Town Center is the preeminent community shopping center in the Santa Clarita Valley and continues to be a solid investment for our fund.”

Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30-70 percent off regular prices. Nordstrom Rack stores offer convenient mobile check-out, allowing customers to skip the lines and purchase their items from a salesperson anywhere in the store. Nordstrom Rack merchandise comes from Nordstrom stores and Nordstrom.com, as well as specially purchased items from many of the top brands available at Nordstrom. Customers can shop an even larger selection of merchandise on nordstromrack.com or through the Nordstrom Rack + HauteLook mobile app, which features a Scan and Shop button to easily locate and order items not available in the store. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.

About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 354 stores in 40 states, including 122 full-line stores in the United States, Canada and Puerto Rico; 221 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its seven clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

About Barings Real Estate Advisers
Barings Real Estate Advisers is part of Barings LLC, one of the world’s largest diversified real estate investment managers. The group is an active investor in private and public, equity and debt markets, and provides core, value-added, and opportunistic investment and advisory services to institutional and other qualified investors around the globe.

About Barings
Barings is a $280+billion* global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. A member of the MassMutual Financial Group, Barings maintains a strong global presence with over 600 investment professionals and offices in 17 countries. Learn more, at www.barings.com.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

38 Comments

  1. John Gilbert says:

    Wonder which Anchor Store it will be replacing. Macy’s, Sears, or J.C. Pennys?

  2. Yippee..love the Rack!

  3. Maria Ramirez Denise Vanessa Ramirez

  4. Tanya Resurreccion can you come to scv now

  5. Someone tell me why we never got an actual Nordstrom store to move in the SCV? Instead, we get their “Rack”. Lord knows there’s more than enough money out here to sustain it.

    • We don’t meet the actual income threshold force this area.

    • Not even close to meeting Nordstrom’s demographic thresholds.

    • Todd Crites says:

      For example, it took the Cheesecake Factory years to make it out here bc their income threshold is 100k – wasn’t enough people making that. Reality is, Valencia has a commercial -delusional rental issue. Pushing mom and pop restaurants and shops outside of the main areas into the less desirable locations, after lease deals ends. Rents too high. All we get are chains bc of the offsets and deals they can acquire, and in reality, look how long a lot of spaces sit empty around here. Stevenson Ranch is a great example. The vacant Albertsons building at old road and Valencia, big wangs closed, etc. point being, economic conditions are rather bleak here. And most holding out for premium rent bc they can. Aside from the Patios, the mall is outdated mess of place. That will have more issues when and if Sears or Pennys shutters. BTW, read a while back that our Macy’s is actually one of their high performing stores. Go figure:

  6. Janet Eminian says:

    Can’t wait! Will be worth jockeying for a parking space!

  7. They wanted to be paid big bucks for years, and pay no taxes,to come out here and the women in the town voted “no way” to that blackmail!

  8. Don’t really care much for the rack. It’s just one level above a thrift store any more. Really has little to do with Nordstrom’s other then the name! Better then another market I guess.?

  9. Joy Johnston Tyler Watson

Leave a Comment


Latest Additions to SCVNews.com
1993 - Hart High grad Dee Dee Myers (1979) becomes first female White House press secretary [story]
Dee Dee Myers
1967 - Original airing of Star Trek "Arena" Episode: Kirk battles the Gorn commander (Saugus resident Bobby Clark) at Vasquez Rocks [watch]
Kirk vs. Gorn commander
1899 - Martin & Richard Wood buy J.H. Tolfree's Saugus Eating House (still inside Saugus Depot), rename it Saugus Cafe [story]
Saugus Cafe
Fritz Coleman’s show "Unassisted Living," in Residency at the El Oortal Monroe Forum in North Hollywood, will be performed on Sunday, Jan. 26 t0 benefit the California Community Foundation Wildlife Recovery Fund with 100% of all profits raised donated to the fund.
Jan. 26: Fritz Coleman’s ‘Unassisted Living’ to Benefit Wildfire Recovery Fund
The Santa Clarita Community College District Board of Trustees will hold a business meeting Wednesday, Jan. 22, beginning at 5 p.m. The board will first meet in closed session at 3 p.m.
Jan. 22: COC Board Business Meeting
The Los Angeles County Sheriff’s Department Homicide Bureau continues its dedicated efforts to locate individuals reported missing following the devastating Eaton and Palisades fires.
LASD Reports 17 Still Missing in L.A. Area Wildfires
The Canyon Theatre Guild opens the Broadway musical, "West Side Story" on Saturday, Jan. 18 on stage at the community theater in Old Town Newhall.
‘West Side Story’ Opens at the Canyon Theatre Guild
The William S. Hart Union High School District Governing Board has unanimously approved the appointment of Jordan Meraz as the new Director of Technology Services.
Jordan Meraz Named Hart Director of Technology Services
The American Red Cross is offering financial assistance for families whose homes were damaged or destroyed by Los Angeles County wildfires. Assistance available to those affected by Eaton, Palisades, Hurst and Kenneth fires.
Red Cross Offers Financial Assistance to Fire Victims
Cal Fire and the Los Angeles County Fire Department have reported that containment efforts continue for all three activie fires still burning in Southern California.
Repopulation Efforts in Eaton, Palisades Fire Areas, 27 Fire Deaths Reported
Newhall Escrow, founded in 1963, has announced its acquisition by Santa Clarita Valley real estate professional Christian Lazore.
Newhall Escrow Changes Hands
Los Angeles County District Attorney Nathan J. Hochman has announced that charges have been filed against eight additional individuals in connection with eight alleged crimes committed during Los Angeles County’s devastating wildfires.
County DA Charges Nine with Crimes During Wildfires
The William S. Hart Union High School District Governing Board approved the appointment of Vince Ferry as the new Assistant Superintendent of Educational Services on Wednesday, Jan. 15.
Vince Ferry Named Hart Assistant Superintendent of Educational Services
California State Insurance Commissioner Ricardo Lara and Los Angeles County District Attorney Nathan Hochman have announced a rapid response effort to prevent and prosecute insurance fraud targeting wildfire survivors.
Officials Announce Efforts to Protect Wildfire Victims from Insurance Fraud
1994, 4:31 a.m. - Magnitude 6.7 Northridge earthquake rocks Santa Clarita Valley [video]
collapsed freeway bridge
At its regular meeting on Tuesday, Jan. 14, the Santa Clarita City Council appointed a number of individuals to fill vacancies on city commissions.
New Commissioners Appointed by Santa Clarita City Council
The Salvation Army Santa Clarita Valley Corps provides social services, including food, shelter, clothing and financial assistance. According to Salvation Army Santa Clarita Valley Corps Captain Rafael Viana, Officer in Charge, the organization has now focused its concentration on helping the specific needs of those affected in the Los Angeles area wildfires.
Salvation Army SCV Corps Works to Assist Fire Victims
In partnership with DreamUp, three teams, one from SCVi in the Santa Clarita Valley and two from iLEAD Hybrid Exploration, have been selected to send experiments to the International Space Station.
SCVi, iLEAD Selected to Send Student Experiments to Space
The city of Santa Clarita and Green Santa Clarita will host a class on Saturday, Feb. 22 from 9-10 a.m., regarding the importance of rainwater harvesting and proper installation and maintenance of rain barrels.
Feb. 22: Rain Barrel Class, Purchase Program
The Santa Clarita Valley Water Agency will hold its regular board meeting on Tuesday, Jan. 21 starting at 6 p.m.
Jan. 21: SCV Water Agency Regular Board Meeting
The Canyon Country Jo Anne Darcy Library will host a adults decorate a tote bag activity, 1-2 p.m. Saturday, Jan. 18 at 18601 Soledad Canyon Road, Canyon Country, CA 91351.
Jan 18: Adults Decorate a Tote Bag at Canyon Country Library
Irit Specktor and the Studio K'tan Flamenco Dance Academy presents "Flamencommunity", a flamenco dance and music event, 8-9:30 p.m. Friday, Feb. 7 at the MAIN, 24266 Main Street Santa Clarita, CA 91321.
Feb. 7:  K’tan Flamenco Dance Academy Presents ‘Flamencommunity’
As a father of two young children, I understand how crucial it is to be an active and informed parent in today’s world. The challenges our kids face are more complex than ever and I believe it’s our responsibility to equip them with the tools they need to make healthy choices.
Jason Gibbs | Parenting for Prevention In-Person Meeting
SCVNews.com