Nordstrom seeking space for 2nd store in Manhattan: CBRE

New York

NORDSTROM Inc, the retailer planning to open its first New York City store on Midtown's West 57th Street, is seeking space in lower Manhattan for a second location, brokers from CBRE Group Inc have said.

Executives of the Seattle-based department store chain have approached landlords of South Street Seaport and 1 Wall St "and maybe one or two others", Richard Hodos, an executive vice-president at CBRE, said on Tuesday at a briefing for reporters on New York's commercial real estate market. "They're looking," he said. "They're negotiating economics with a couple of different developers at different sites. Contemporaneous to that, they are doing their area research."