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September 22, 2023
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Nordstrom Rack Inks Anchor Lease at Riverside Retail Center


Nordstrom Rack inked a lease for a 30k sf anchor space at the 183k sf Canyon Springs Marketplace in Riverside. The center, located at 2660 Canyon Springs Pkwy, already includes such retailers as Marshalls, Old Navy, Petco, Big Lots, Best Buy, Michaels and several other shops, restaurants and services at the popular community center.

Nordstrom Rack will occupy a space formerly occupied by Bed Bath & Beyond. The store is expected to open in fall 2022.

Nordstrom Rack is the off-price retail division of Nordstrom Inc, offering customers up to 70% off on-trend apparel, accessories, beauty, home and shoes from many of the top brands sold at Nordstrom stores. Nordstrom Rack delivers the fashion customers are used to experiencing at Nordstrom stores, while providing access to many of the same brands at a savings.

The Rack carries merchandise from Nordstrom stores and, as well as specially purchased items from many of the top brands sold at Nordstrom. The Rack is the number one largest source of new customers to Nordstrom and serves as a great introduction for new customers who may have never shopped at one of Nordstrom stores.

Built in 2006, Canyon Springs Marketplace is located along the busy 60 Fwy corridor with superb visibility to over 130,000 cars per day. In addition, the center boasts impressive demographics with over 218,000 people in a five-mile radius with an average household income in excess of $71,000.

Brad Umansky and Albert Lopez with Progressive Real Estate Partners represented the landlord, TDA Investment Group, in the transaction. Jeff Nichols with CBRE Newport Beach repped Nordstrom Rack.

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