Colorado-Real-Estate-Journal_448397

March 5-18, 2025 - Page 17 www.crej.com by Avalon Jacka LONGMONT – A Seat- tle-based fashion retailer announced plans to open a new store in Longmont. This fall, Nordstrom Inc. will open a 28,000-square-foot Nor- dstrom Rack in Harvest Junc- tion, located at the intersection of Ken Pratt Boulevard and South Martin Street. “We look forward to being a part of the Longmont commu- nity and serving our customers with an amazing offering of great brands at great prices,” said Nordstrom Rack Presi- dent Gemma Lionello. “We’re excited to grow our footprint in the Colorado market and introduce new customers to the Nordstrom experience.” Harvest Junction is a popular shopping center that is home to Marshall’s, Best Buy, Dick’s Sporting Goods, Ulta Beauty, Ross Dress for Less and more. Harvest Junction is owned and managed by Chicago-based Pine Tree. “We couldn’t be more excited to welcome Nordstrom Rack to Harvest Junction’s strong line- up of retailers,” said Michael Slusky, Pine Tree executive vice president and director of leasing. “The addition of Nord- strom Rack will offer the Long- mont community high-quality items at a great value, further enhancing the shopping cen- ter’s offerings and cementing its place as an essential retail destination.” The 363,737-sf shopping cen- ter is visible to 74,000 vehicles per day and benefits from $18.2 billion in spending power with- in a 30-minute drive, according to Pine Tree’s website. Nordstrom Rack is the off- price retail division of Nord- strom Inc., offering customers up to 70% off on-trend apparel, accessories, beauty products, home décor and shoes, as well as core services like online order pickup, easy returns and alterations at select stores. The new location is Nord- strom’s first in Longmont. The store joins an additional 10 Nordstrom and Nordstrom Rack locations on the Front Range from Fort Collins to Col- orado Springs. Founded in 1995, Pine Tree is a vertically integrated national real estate company that cur- rently owns and operates $2.5 billion and 17 million sf of open-air retail across the coun- try. The firm owns one other shopping center in Colorado called Centerplace of Greeley. Other News n CASTLE ROCK – A nation- al beauty retailer opened in the Outlets at Castle Rock in February. Sephora debuted its newest Colorado location in an approx- imately 4,500-square-foot space at 5050 Factory Shops Blvd., Unit 480. Erik Christo- pher of SRS Real Estate Part- ners represented Sephora in its lease transaction with landlord Craig Realty Group – Outlets at Castle Rock. Kathy Santelli of Craig Realty Group repre- sented the landlord. “We’re thrilled to welcome Sephora to Outlets at Cas- tle Rock’s growing roster of upscale retailers, ensuring we can offer each and every shop- per a diverse mix of brands,” said Katherine Horning, senior marketing manager at the Outlets at Castle Rock. “This new addition is just one more way we’re crafting an exclusive – and inclusive – shopping environment where there’s something for anyone. With a curated collection of outlet stores featuring the latest trends, we’re here to celebrate individuality while making sure every visit feels fresh and inspiring.” Sephora sells high-quality makeup, skin care, fragrance and hair products from iconic and emerging beauty brands, according to a statement from Outlets at Castle Rock. n DENVER – Kaufman Hagan Commercial Real Estate facilitated two retail leases in different Denver neighborhoods. Kian Rug Co. leased 3,121 sf of premier space at 2780 E. Sec- ond Ave. from landlord Cherry Lane II Redevelopment Owner LLC. The space is positioned on the hard corner of East Second Avenue and Detroit Street in Cherry Creek North. Kaufman Hagan’s Zach- ary Bierman r e p r e s e n t e d the tenant in the transac- tion. The land- lord was repre- sented by Julie McBrearty of SullivanHayes Brokerage. “Kian Rug Co. has been oper- Nordstrom Rack plans fall opening at Harvest Junction Retail Pine Tree Nordstrom Rack will open its first Longmont location in Harvest Junction this fall. Please see Denver, Page 48 Zachary Bierman