Capital Mall Olympia, Washington Eclectic Market of Outdoor Enthusiasts, Fashionistas, Legislators, Military and Students TACOMA, WA
Total Page:16
File Type:pdf, Size:1020Kb
Capital Mall Capital Mall Olympia, Washington Eclectic market of outdoor enthusiasts, fashionistas, legislators, military and students TACOMA, WA Combines regional mall with SHELTON, WA Promenade lifestyle center LAKEWOOD, WA Community core for the southern OLYMPIA, WA Puget Sound region 60 miles southwest of Seattle CENTRALIA, WA 10 MILES Capital Mall Olympia, Washington More than 5M annual visitors Close to state capitol and Olympia’s commercial core REI, 24-hour Fitness, Total Wine, Dick’s Sporting Goods, TJ Maxx and Century Theatres round out the tenant mix 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 theater, and total sf 800,000 Dick’s Sporting Goods # of stores 120 key tenants REI, T.J. Maxx, Bed Bath & Beyond, Chico’s, Loft, 24 Hour Fitness, Total Wine & More, Chipotle, Cost Plus World Market, # of parking 3,500 BoxLunch, Mac Cosmetics, Vans, Red Robin, Old Navy, Victoria’s Secret, Stack 571 , and Starbucks THE CENTER THE MARKET STARWOOD Capital Mall “The cornerstone of the community.” — VisitOlympia.com THE CENTER THE MARKET STARWOOD Capital Mall Only regional mall for 30 miles A new Dick’s Sporting Goods 100+ specialty shops, restaurants, fitness and big box anchors create the ultimate one-stop destination Crossroads of the West Near I-5 and Highway 101 No personal income tax + low cost of living = high quality of life Visible to 155,000 vehicles daily on nearby roads Large, affluent shopper base THE CENTER THE MARKET STARWOOD Capital Mall THE CENTER THE MARKET STARWOOD Capital Mall Educated, diverse workforce Government, military, technology and logistics fuel local economy Gateway to the Olympic Peninsula and Washington Coast Trade area population growing 50% faster than the US average Urban Meets Rural Meets Tourism Nearly 1 in 3 households earn $100,000+ 11,000 area college students 67% of PTA employed residents hold white 3M+ annual visitors to Olympic collar positions National Park 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 I-5 Driving – 7 mi, 12 min 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 (Dupont) Capital State Forest Nisqually Red Wind Casino Xerox Little Creek Casino I-101 Evergreen State College Colleges Capital Mall South Puget Sound Providence Health Community College General Electric/CT Corporation Capital Medical St. Martin’s University Evergreen State College State of Washington (Capitol) OLYMPIA LACEY St. Martin’s University South Puget Sound Combined enrollment: 10,400 Community College TUMWATER I-5 Legend OLYMPIA REGIONAL AIRPORT EAST OLYMPIA Primary Trade Area Computer Consultants Secondary Trade Area International Colleges 3 MILES Key Employers THE CENTER THE MARKET STARWOOD Capital Mall Demographics PTA1 STA2 TTA3 US Avg Population 2019 estimate 204,957 201,517 406,474 Within 3 miles, 80% of adults 2024 projection 217,319 210,797 428,116 are college educated % growth 2019–2024 6.0% 4.6% 5.3% 3.6% Population White 80% 80% 80% 70% 82,830 daytime employees By Race Black 3% 3% 3% 13% within 5 miles Asian 6% 4% 5% 6% Within 3 miles, population Hispanic Ethnicity 9% 12% 10% 18% growth rate between 2019- Median Age 41 40 41 39 2024 almost double US % age 15-24 12% 12% 12% 14% average % age 25 to 44 27% 25% 26% 26% % age 45 to 64 26% 25% 26% 26% Households 2019 estimate 83,816 78,732 162,546 2024 projection 89,285 82,753 172,038 2019 households with kids under 18 30% 32% 31% 34% Average 2019 estimate $90,619 $78,485 $84,742 $89,646 Household % earning $75,000+ 47% 41% 44% 42% Income 2024 projection $102,548 $89,769 $96,401 $98,974 Education % college educated 72% 62% 67% 60% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 1,384 4,553 7,781 10,843 Employment daytime employment 11,781 51,594 82,830 109,763 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Capital Mall Starwood Retail Partners 5th largest manager of regional malls in the US 30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs 100 million+ combined annual visits $95,400 trade area average household income 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 Connecticut Hamburg Pavilion The Shops at Willow Bend Rene Daniels / Director, Leasing / 818.254.5722 / Blue Back Square Michigan Virginia [email protected] Florida Fairlane Town Center MacArthur Center The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Bill Cikalo / Director, Big Box Leasing & Development / Westland Mall Montana Washington 312.283.5121 / [email protected] Georgia Rimrock Mall Capital Mall The Collection at Forsyth Kitsap Mall Nebraska Brett Madden / Director, National Restaurant Gateway Mall and Entertainment Leasing / 214.448.5011 / [email protected] Sources: The Nielsen Company (2019), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Capital Mall.