Mercato Announces the Signing of Nordstrom Rack

NAPLES, FL, JANUARY 23, 2013 – Mercato announced today that Nordstrom Rack, the popular off-price division of Nordstrom, Inc., will join the center with an anticipated opening in Fall 2013. This announcement is just the latest in a flurry of activity at the center, which has secured 12 new tenants in the past year.

“We are thrilled to be adding yet another high-quality and hugely popular retailer to Mercato,” said Chuck Taylor, Senior Vice President for Madison Marquette Retail Services, which operates the center. “The addition of Nordstrom Rack further cements Mercato as one of the premiere retail destinations in the Naples area.”

Nordstrom Rack will occupy 30,000 square feet of space along US 41 that was previously occupied by Books-A-Million. The retailer will join several newly opened tenants including The Wine Loft, The Counter, MASA, Kelly Chase Couture and Mark Loren Designs as well as those slated to open during the first quarter of 2013, such as TAPS Bar & Lounge, Le Macaron, Salon Zen AVEDA and Second Cup.

Ideally situated on a prime 53-acre site in Naples, FL., Mercato offers nearly 350,000 square feet of main street-style retail, cinema and restaurants, 134,000 square feet of Class-A office space, and 92 luxury condos. The Mercato LLP Partnership, comprised of managing partner Madison Marquette, the Lutgert Companies and the Barron Collier Companies, owns Mercato.

“Mercato has seen an incredible number of new and exciting retailer and restaurant openings over the last several months and the addition of Nordstrom Rack is sure to add to the ever-growing buzz at the center,” said Taylor.

About Mercato

Anchored by Southwest Florida’s only Whole Foods Market and Silverspot Cinema, an 11-screen premier-style theater, Mercato offers 12 notable restaurants, over 20 upscale retailers and luxury residential condominiums at Strada. Mercato hosts a vibrant year-round event calendar with most events free and open to the public. To learn more, visit www.MercatoShops.com OR www.facebook.com/mercatonaples

About Madison Marquette Retail Services (MMRS):

MMRS provides a full range of retail real estate services for over 20 million square feet of retail and mixed-use properties throughout the United States.  The company specializes in enhancing the value of retail assets through an integrated approach to leasing, property management, marketing and development services. MMRS has offices located in Asbury Park, Charlotte, Del Mar, Fort Lauderdale, Los Angeles, New York, Philadelphia, San Francisco, Seattle and Washington, DC.

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