"We are thrilled
to be able to offer our customers another Nordstrom Rack in
the greater Miami area," said Scott
Meden, president of Nordstrom Rack. "The Palms is a strong
shopping center and in a great location, and we look forward
to offering outstanding value on name-brand merchandise for
our customers in the area."
This will be the retailer's third Nordstrom Rack in the
Florida, which includes a new Nordstrom Rack that will open
at Millenia Crossing in Orlando in fall
2009. Additionally, the company operates nine Nordstrom
full-line stores in the state of
"We believe that diversified retail
centers will remain strong. Nordstrom Rack fits the
demographic of the clientele of Kendall and perfectly
complements existing and future tenants at The Palms at
Town & Country," said Mark Yacovetta, Director, Asset
Management, TIAA-cREF Global Real Estate.
Owned by TIAA-cREF, The
Palms at Town & Country is an open-air shopping
center in the greater Miami area.
Located off Mills Drive in Kendall, the 293,000 square-foot
center is currently being redeveloped by Flagler
Development Group. The three phase renovation will be
complete in 2010 and will house a total of 700,000
square-feet of new retail and restaurant space, as well as
pedestrian-friendly walk-ways and personal valet parking.
Its existing tenants include Marshall's,
New York & Co.,
Publix and 24 Hour Fitness.
For more information about The Palms
at Town & Country, please call (305) 274-7982 or