Nordstrom Rack Enters the Albuquerque Retail Market at Winrock Town Center

By Anca Gagiuc, Associate Editor

Well-known Seattle-based Nordstrom Inc. announced its plans to enter the Albuquerque market by opening a Nordstrom Rack at Winrock Town Center in the Uptown corridor. The retail store is scheduled to open in the fall of 2015.

“We’ve long heard from customers in New Mexico that they’d love to have a Nordstrom offering and we’re thrilled to bring a Nordstrom Rack to Albuquerque,” said Geevy Thomas, president of Nordstrom Rack, in a news release. “We believe Winrock Town Center represents a great mix of shopping and entertainment in the area and we look forward to opening our doors next fall.”

Located along Interstate 40, the 83-acre Winrock Town Center is ideally located for Albuquerque and also Santa Fe. Goodman Realty Group is the developer, and Pegasus Retail is exclusively managing the leasing process.

The new Nordstrom Rack store will encompass approximately 33,500 square feet, adding to the over 140 Nordstrom Racks in the U.S. This move represents an important gain for Winrock’s strategy of  adding restaurants, retail, the Regal IMAX theater, and, in the near future, high-end apartments, to its perimeter. Another retailer to enter Winrock is DSW (Designer Shoe Warehouse), also opening its first store in New Mexico.

“Nordstrom Rack is a pivotal retailer in the New Mexico market, adding even more punch to our powerful retail, entertainment and restaurant lineup,” said Colette Wharton, asset manager for Goodman Realty Group.

Still under development, Winrock is said to eventually support 1.5 million square feet of large and small national and local retail. Moreover, 500,000 square feet of office space, 2,000 multifamily units, and boutique hotel, restaurants, and recreational facilities will complete the town center.