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Nordstrom Rack Takes Anchor Tenancy in Riverside
Progressive Real Estate Partners arranged a new lease with Nordstrom Rack for a 30,000-square-foot anchor space, formerly Bed Bath & Beyond, at 2660 Canyon Springs Pkwy. in Riverside.
The store will be located in the 183,000-square-foot freeway adjacent Canyon Springs Marketplace and is expected to open in Fall 2022. Nordstrom Rack will join Marshalls, Old Navy, Petco, Big Lots, Best Buy and Michaels at the popular community center.
Progressive president Brad Umansky and senior retail specialist Albert Lopez marketed the property and represented landlord TDA Investment Group. Jeff Nichols with CBRE Newport Beach represented Nordstrom Rack.
Umansky said, “The excellent co-tenancy, strong demographics and outstanding freeway visibility made this the perfect location for Nordstrom Rack. In addition to providing the local community with a great new place to shop, it’s also terrific news for the shopping center gaining a new anchor tenant that will draw more traffic to the property.”
- ◦Lease