The department store will occupy the lower three floors of the under-construction tower, also known as EOS, between West 30th and West 31st Streets. Neither asking rent nor the length of the lease was immediately available.
This will be the second Manhattan location for the discount off-shoot of the ritzier parent company, noted The New York Post, which first reported news of the transaction. Nordstrom Rack also has an outpost at 60 East 14th Street between Fourth Avenue and Broadway.
“We are thrilled to announce a second Nordstrom Rack store in Manhattan,” Karen McKibbin, the president of Nordstrom Rack, said in the release. “Having a store near Herald Square—one of the most iconic shopping destinations in the world—is very exciting for us, and we look forward to offering visitors and residents of New York an additional location to shop with us.”
Eric Engelhardt, Rocco Romeo, Lindsey Ravesloot and Meghan Duffany of Durst represented the landlord in-house along with Ross Berkowitz, Robert Futterman and Peter Whitenack of RKF. Stephen Stephanou and Thibaud Veil of Crown Retail Services represented Nordstrom Rack.
With the Nordstrom Rack deal, all but about 2,500 square feet of retail space is spoken for at the building. A mixed-use tower slated to finish later this year, the building has 122,000 square feet of office space and 375 residential units. The entire office space was leased out to Nike nearly two years ago, as Commercial Observer previously reported.
Parent company Nordstrom is set to open its first store within the five boroughs in 2019 at Extell Development Company’s Central Park Tower on West 57th Street between Seventh Avenue and Broadway. Last year, the Seattle-based retailer announced that it would open a 43,000-square-foot men’s store across the street at 3 Columbus Circle, as CO reported in January 2016.