April 26, 2005

Nordstrom Coming to Ala Moana Center

HONOLULU, HI – Ala Moana Center, the world’s largest open-air shopping mall will open Hawaii’s first Nordstrom full-line store in early 2008.

The three-story, 200,000 square-foot store will expand Ala Moana Center’s retail space by 10 percent and will be physically linked to the mall. The new Hawaii Nordstrom will be considerably larger than most mainland locations, which usually average between 140,000 and 165,000 square feet.

Nordstrom first started serving customers in Hawaii over three decades ago within leased shoe departments at a former local retailer. Later, the company opened Nordstrom Shoes and Nordstrom Rack. It will join a stellar lineup of international brands and some of Hawaii’s top local retailers and most popular restaurants at Ala Moana Center.

“Nordstrom has set the standard for retail excellence, something our shoppers have come to expect from Ala Moana Center,” said Dwight Yoshimura, senior vice president of management of General Growth Properties.  “Our customers have told us for quite some time they would like to see Nordstrom at Ala Moana Center.  We’re excited we can now provide it for them.  The Nordstrom addition is keeping with our vision of people creating special places and experiences for our shoppers.”

The Nordstrom store will highlight a multi-million dollar expansion at Ala Moana Center, expected to begin in 2005.   Fashion leaders such as Chanel, Macy’s, Louis Vuitton, Gucci, Cartier, Tiffany & Co., Hermes, Fendi and Neiman Marcus are just a small list of the nearly 260 stores that make Ala Moana Center one of the world’s most visited and profitable shopping centers.

“We’re looking forward to finally getting the opportunity to serve long-time customers in Hawaii with a full-line store at Ala Moana Center,” said Blake Nordstrom, president of Nordstrom, Inc.  “We’re thrilled with the opportunity to join such a quality group of retailers at one of the world’s best shopping and entertainment destinations.”

ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 149 U.S. stores located in 27 states.  Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 93 full-line stores, 49 Nordstrom Racks, five Façonnable boutiques, one free-standing shoe store, and one clearance store.  Nordstrom also operates 31 international Façonnable boutiques, primarily in Europe. Additionally, Nordstrom serves customers through its online presence at www.nordstrom.com and through its direct mail catalogs.  Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.

ABOUT ALA MOANA CENTER
Ala Moana Center is the world’s largest outdoor shopping mall and Hawaii’s premier shopping, entertainment, and dining destination with 260 stores and nearly 70 dining venues.  Ala Moana Center features one of the best collections of luxury fashion houses in the world with stores such as Louis Vuitton, Dior, Gucci, Chanel, Prada, Hermes, Tiffany & Co., and Bvlgari.  Visit www.AlaMoanaCenter.com for more information. 

Ala Moana Center is owned and managed by General Growth Properties, Inc., the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT).  General Growth currently has ownership interest and management responsibility for a portfolio of 209 regional shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings.  The company portfolio totals approximately 200 million square feet of retail space and includes over 18,000 retailers nationwide.  General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP.  For more information, please visit the company Web site at www.generalgrowth.com.

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