Capital Mall Olympia, Washington If the Residents of the Communities That Make up Olympia, Wash
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Capital Mall Capital Mall Olympia, Washington If the residents of the communities that make up Olympia, Wash. need something, odds are they’re TACOMA, WA coming to Capital Mall. Its unique tenant mix SHELTON, WA satisfies nearly every want for an exceptionally LAKEWOOD, WA eclectic market. OLYMPIA, WA From educator to legislator, soldier to student, outdoor enthusiast to fashionista, shoppers CENTRALIA, WA gather at this region’s preferred shopping 10 MILES destination. And the center’s broad collection of retailers, including mall mainstays and big boxes, come together to create an extension of Downtown Olympia. Capital Mall is the go-to community core for one of the most fascinating communities in the United States. Capital Mall Olympia, Washington • Combines enclosed regional mall and Capital Promenade open-air lifestyle center • Close to state capitol and Olympia’s commercial core • Predominant center for South Puget Sound Area • More than 5 million annual visitors Property Description major roads I-5 and Highway 101 center description Enclosed, one-level with lifestyle center outparcel anchors Macy’s, JCPenney, Best Buy, Century 14-screen total sf 800,000 theater, and Dick’s Sporting Goods key tenants REI, T.J. Maxx, Bed Bath & Beyond, Chico’s, Loft, # of stores 120 24 Hour Fitness, Total Wine & More, Chipotle, Charming Charlie, Francesca’s Collection, # of parking 3,500 Mac Cosmetics, Vans, Red Robin, Old Navy, Victoria’s Secret, Pints & Quarts, and Starbucks THE CENTER THE MARKET STARWOOD Capital Mall “The cornerstone of the community.” — VisitOlympia.com THE CENTER THE MARKET STARWOOD Capital Mall • True one-stop shopping • Combination of department store and big-box anchors including Macy’s, JCPenney, REI, Best Buy, Total Wine & More, Bed Bath & Beyond, and TJ Maxx • More than 100 specialty shops, food court and 10 restaurants • A new Dick’s Sporting Goods in 2017 Crossroads of the West The average distance traveled by a Visible to more than 95,000 vehicles Capital Mall shopper is 83 miles per day on Highway 101, and 60,000 vehicles on nearby roads 60 miles south of Seattle, 110 miles north of Portland Market includes urban Thurston County and rural Mason County Near intersection of Interstate 5 and Highway 101, major gateways to Only regional mall within 30 miles Oregon and California Primary center for rural Mason County THE CENTER THE MARKET STARWOOD Capital Mall “One of the area’s best balances of jobs within walking distance of medium- density housing” — City of Olympia • Well-educated and diverse workforce employed in state and local government, military, healthcare, technology and logistics • Thriving entrepreneurial innovation leveraged by highest percentage of creative class workers in Washington State • More than 115,000 daytime employees within 10 miles • Gateway to the Olympic Peninsula and Washington Coast Urban Meets Rural Meets Tourism 71% of primary trade area is college- No corporate income tax educated More than 3 million annual visitors 65% of primary trade area residents to Olympic National Park work in white-collar positions More than 11,000 local college students THE CENTER THE MARKET STARWOOD Capital Mall • Primary trade area population to see double-digit growth Primary Trade Area of 12% from 2010 to 2022 Average Household Expenditures On Par With US • Large, affluent shopper base of25,900 households $2,705 on food away from within 10 miles earn $100,000+ home $1,044 on personal care products and services • Top-notch K-12 school districts $1,974 on apparel $866 on sports and recreation • High quality of life, low cost of living and no personal $639 on home furnishings income tax THE CENTER THE MARKET STARWOOD Capital Mall TACOMA Tacoma Mall Distance to Competition Centralia Outlets LAKEWOOD Driving – 25 mi, 30 min Lakewood Towne Center The Outlets at Lacey Driving – 13 mi, 20 min Cooper Point Road 21,700 AADT Lakewood Towne Center Driving – 26 mi, 34 min I-101 DUPONT 95,000 AADT Harrison Avenue South Sound Center 19,200 AADT The Outlets at I-5 Driving – 7 mi, 12 min Lacey (2019) 118,000 AADT Capital Mall Tacoma Mall Driving – 30 mi, 36 min OLYMPIA South Sound Center Capital Mall Blvd LACEY 8,000 AADT Black Lake Blvd 39,500 AADT EAST OLYMPIA OLYMPIA REGIONAL I-5 AIRPORT 139,000 AADT Legend Primary Trade Area Secondary Trade Area Competition Access Roads Centralia Outlets (AADT= annual average (Centralia) 44 MILES 3 MILES daily traffic) THE CENTER THE MARKET STARWOOD Capital Mall Area Attractions Olympic National Park Nisqually National Wildlife Refuge Amazon Intel (Dupont) (Dupont) Capital State Forest Nisqually Red Wind Casino Xerox Little Creek Casino I-101 Evergreen State College I-5 Colleges Capital Mall South Puget Sound Providence Health Community College Capital Medical OLYMPIA St. Martin’s University Evergreen State College State Government (Capitol) LACEY St. Martin’s University South Puget Sound Combined enrollment: 10,400 Community College I-5 Legend OLYMPIA REGIONAL AIRPORT EAST OLYMPIA Primary Trade Area Secondary Trade Area Colleges 3 MILES Key Employers THE CENTER THE MARKET STARWOOD Capital Mall Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 195,483 195,000 390,483 Regional center for education, 2022 projection 206,173 203,041 409,214 arts and recreation % growth 2017–2022 5.5% 4.1% 4.8% 3.8% Population White 80% 81% 80% 70% Unusually wide trade area By Race Black 3% 3% 3% 13% results in eclectic mix of Asian 5% 3% 4% 6% urban and rural dwellers Hispanic Ethnicity 9% 11% 10% 18% 41 40 40 38 Median Age Ongoing development along % age 15-24 12% 12% 12% 14% Interstate 5 creates dominant % age 25 to 44 27% 25% 26% 26% retail region % age 45 to 64 27% 26% 26% 26% Households 2017 estimate 79,730 75,950 155,680 One of Top Best Places 2022 projection 84,543 79,453 163,996 to Live 2017 households with kids under 18 30% 32% 31% 34% — Livability, 2016 Average 2017 estimate $81,772 $69,567 $75,818 $80,853 Household % earning $75,000+ 42% 35% 39% 38% Income 2022 projection $90,746 $78,074 $84,607 $87,464 Ranked as one of the top Education % college educated 71% 61% 66% 59% ten places in the U.S. to do business 1-MILE 3-MILE 5-MILE 10-MILE — Forbes, 2015 Business & business establishments 1,396 4,800 8,443 11,704 Employment daytime employment 12,058 54,295 87,439 115,522 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Capital Mall Predominant Market Lifestyle Segments Cautious Traditionalists—16% Accumulated Wealth—15% • Over 55 year-old mix of • Families & couples age 50+ singles and couples • Upscale, college-educated • High rate of home ownership baby boomers • Fans of reading, home-based • Sprawling suburban homes hobbies and travel • Disposable cash and • Enjoy eating out at family sophisticated tastes restaurants • Enjoy top-of-the-line • Pursue entertainment outside electronics, sporting the home equipment, cars and vacations Conservative Classics—12% Mainstream Families—11% • Upper-middle-class age 55+ • Family mix with adults • Childless singles and couples age 35 to 50 • College-educated • Middle-class • Enjoy comforts of home, • Modestly priced homes gardening, reading, and • Maintain lifestyles entertaining befitting large families • Frequent patrons to • Rank high in outdoor museums, the theater, and activities and sports casual-dining restaurants THE CENTER THE MARKET STARWOOD Capital Mall Starwood Retail Partners: A New Kind Of Owner For A New Generation Of Retail Starwood Retail Partners is not your father’s — or your grandfather’s — landlord. We’re acquiring, redeveloping, managing, leasing and operating the next generation of shopping centers for a new generation of shoppers: active, exciting community cores for an increasingly interconnected consumer. Owned by Starwood Capital Group, we’ve grown our portfolio to 30 centers in 16 states across the United States since our founding in 2012, working with top-tier investment firms to help finance our properties, and employing the talents and skills of the most creative professionals in the business to maximize their value. We build solid relationships and partner with our retailers to ensure that they are in the right property at the right time, with the right deal to support their success now and in the future. We invest in innovative technologies that help our properties become more productive, our stores more exciting and our shoppers more engaged. We understand that ultimately, as an owner, as an employer and as a citizen of our communities, it’s not about property, it’s about people. California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Plaza West Covina The Promenade Bolingbrook Belden Village Mall Solano Town Center Franklin Park Mall Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Rene Daniels / Director, Leasing / 818.254.5722 / Connecticut Hamburg Pavilion The Shops at Willow Bend [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Bryant Siragusa / Vice President, National Restaurant and Entertainment The Collection at Forsyth Kitsap Mall Leasing / 214.771.2003 / [email protected] Nebraska Gateway Mall Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / nidrees@ starwoodretail.com Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 02/13/18 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Capital Mall.