Nordstrom Rack moving to Boulder

BOULDER – Nordstrom Inc. (NYSE: JWN) plans to relocate its Nordstrom Rack store from Flatiron Marketplace in Broomfield to the Twenty Ninth Street retail district in Boulder.

Expected to open in spring 2011, the store will occupy 35,000 square feet at 1601 29th St. where Wild Oats Markets Inc. was set to open until Whole Foods Market Inc. bought it in 2007.

Seattle-based Nordstrom spokeswoman Brooke White said the store’s Broomfield lease ended giving it a prime time to move to what it perceives as a better location. White wouldn’t release details of how the store plans to stay in Broomfield until next spring despite its lease ending.

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“We think this location in the heart of Boulder will help us serve more customers,” Geevy Thomas, Nordstrom Rack’s president, said in a statement.

Nordstrom Rack carries merchandise from Nordstrom stores and Nordstrom.com at a 50 percent to 60 percent discount and sells merchandise specifically for Nordstrom Rack.

White said Boulder didn’t offer incentives to the company to entice the move, but wouldn’t disclose whether or not incentives were offered through Macerich, Twenty Ninth Street’s parent company. Macerich (NYSE: MAC) would not disclose details about the lease.