Property Lines - Scott Olson

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Real Estate & Retail

Nordstrom Rack, Container Store eye Rivers Edge

June 1, 2010

Nordstrom RackNordstrom Rack and The Container Store are poised to open their first Indiana stores in a shopping center near Lake Clearwater. Kite Realty Group Trust has recruited Nordstrom Rack, The Container Store and Buy Buy Baby as likely anchors of a redevelopment of Shops at Rivers Edge along 82nd Street at Dean Road, as IBJ first reported on Saturday. A site plan, shared with retailers at the International Council of Shopping Centers annual convention in Las Vegas last month, shows a 35,000-square-foot Nordstrom Rack, a 22,000-square-foot The Container Store, and a 26,000-square-foot Buy Buy Baby. Buy Buy Baby, a subsidiary of Bed Bath & Beyond Inc., already has a local store in Greenwood, but the other two stores would be their chains’ first in Indiana. Rivers Edge sits between the top-performing Fashion Mall at Keystone and Castleton Square Mall, both owned by Simon Property Group Inc.

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