REAL ESTATE

Nordstrom Rack to open in Staten Island

BY Katherine Boccaccio

New York — Nordstrom has announced plans to open a Nordstrom Rack at the Empire Outlets in Staten Island. The 34,000-sq.-ft. store is scheduled to open in fall 2016. The property is being developed by BFC Partners.

The newly built, two-level Rack will be a part of roughly 100 retailers going into the 1 million-sq.-ft. waterfront development within the St. George neighborhood of Staten Island. The project will be built above current transit parking and integrated into the Staten Island Ferry terminal. Adjacent to the center, tourist elements will include a hotel, 40,000 sq. ft. of restaurant space, a minor league baseball park and the world’s largest observation wheel.

“We’ve been focused on finding the best locations across New York City and are thrilled to have the opportunity to serve New Yorkers and tourists alike at this major transportation hub and destination that will combine great retail, entertainment and restaurants,” said Geevy Thomas, president of Nordstrom Rack.

Nordstrom Rack at the Empire Outlets will be the company’s seventh Rack location in New York. Currently Nordstrom operates two full-line stores and six Rack stores in the state. A new Nordstrom Rack will open in Queens September 10 and a second location in Brooklyn is scheduled to open Oct. 8. The first Rack opened in Manhattan’s Union Square in 2010.

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REAL ESTATE

Duxiana to open in Flatiron District

BY Katherine Boccaccio

New York — RKF has arranged a 1,900-sq.-ft. lease with high-end bedding retailer Duxiana at 9 West 20th Street in the Flatiron District. Located on the north block between Fifth and Sixth Avenues, this will become Sweden-based Duxiana’s third Manhattan location, and marks the brand’s return to the Flatiron District after a previous relocation.

RKF executive VP Gary Alterman, senior director Ross Berkowitz and associate Brandon Berger represented the owner, Jumi W. 20 LLC, in the transaction, while Ryan Gessin of Newmark Grubb Knight Frank represented Duxiana.

“We specifically targeted home furnishings brands for this space because we felt they would add great synergies with the tenants currently on the block,” said Alterman. “While the Fifth Avenue corridor of the Flatiron District is geared more toward fashion and beauty, the side streets between Fifth and Sixth Avenues are filling up with boutique fitness studios and home furnishing stores that are looking to capitalize on the shopper traffic from Fifth and the dense residential community along Sixth.”

Scheduled to open later this year, Duxiana will occupy the ground level of the 11-story, 25,000-sq.-ft. property. Duxiana will share the block with nearby home furnishings co-tenants Lillian August, NY Loft Kitchens & Home Interiors, LV Wood, ModShop and Beckenstein Fabric and Interiors.

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REAL ESTATE

CBRE names senior VP over Capital Markets

BY Katherine Boccaccio

Phoenix — CBRE Group, Inc. announced that Geoffrey Harris has joined the firm’s Capital Markets’ Debt and Structured Finance team as senior VP.

Based in Phoenix, Harris will play a key role in originating net-leased transactions for the firm nationally, in the multi and single-tenant, office, retail and industrial properties space.

Harris joins CBRE from Meridian Capital where he was managing director. He previously served as VP of Capital Markets at Marcus & Millichap.

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