Capital Mall Olympia, Washington If the Residents of the Communities That Make up Olympia, Wash., Need Something, Odds TACOMA, WA Are They’Re Coming to Capital Mall
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Capital Mall Capital Mall Olympia, Washington If the residents of the communities that make up Olympia, Wash., need something, odds TACOMA, WA are they’re coming to Capital Mall. Its unique SHELTON, WA tenant mix satisfies nearly every want for an LAKEWOOD, WA exceptionally 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 • Primary center for rural Mason County Property Description major roads I-5 and Highway 101 center description Enclosed, one-level with lifestyle center outparcel anchors Macy’s, JCPenney, Best Buy, and Century total sf 800,000 14-screen theater 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 • Planned expansion to include Dick’s Sporting Goods Crossroads of the West 60 miles south of Seattle, 110 miles Market includes urban Thurston north of Portland County and rural Mason County Near intersection of Interstate 5 and Only regional mall within 30 miles Highway 101, major gateways to Oregon and California Visible to more than 95,000 vehicles per day on Highway 101, and 60,000 vehicles on nearby roads 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 112,000 daytime employees within 10 miles • Gateway to the Olympic Peninsula and Washington Coast Urban Meets Rural Meets Tourism 74% of primary trade area is college- No corporate income tax educated More than 3 million annual visitors 68% 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 2021 Average Household Expenditures $2,544 on food away from • Large, affluent shopper base of34,500 households home, 7% above US $973 on personal care within 10 miles earning $75,000+ products and services, 6% above US • Top-notch K-12 school districts $1,778 on apparel, on par with US $785 on sports and • High quality of life, low cost of living and no personal recreation, on par with US $631 on home furnishings, income tax on par with US THE CENTER THE MARKET STARWOOD Capital Mall TACOMA Tacoma Mall Distance to Competition Centralia Outlets Cooper Point Road Lakewood Towne Center Driving – 25 mi, 30 min 21,700 AADT The Outlets at Lacey Driving – 13 mi, 20 min I-101 DUPONT I-5 Harrison Avenue Lakewood Towne Center 95,000 AADT The Outlets at 118,000 AADT Capital Mall 19,200 AADT Lacey (2019) Driving – 26 mi, 34 min South Sound Center Driving – 7 mi, 12 min South Sound Center Capital Mall Blvd Tacoma Mall 8,000 AADT OLYMPIA Driving – 30 mi, 36 min Black Lake Blvd 39,500 AADT OLYMPIA REGIONAL AIRPORT I-5 139,000 AADT Legend 58 MILES Primary Trade Area Secondary Trade Area Competition Access Roads (AADT= annual average daily traffic) 3 MILES Centralia Outlets CENTRALIA THE CENTER THE MARKET STARWOOD Capital Mall Area Attractions 10 mi. Olympic National Park 112,384 Nisqually National Wildlife Refuge Intel Amazon Capital State Forest Nisqually Red Wind Casino Little Creek Casino Daytime Employees 5 mi. 11,688 Colleges 83,620 South Puget Sound I-101 Xerox I-5 3 mi. Businesses Community College 54,213 8,265 Capital Mall Evergreen State College 4,839 Providence Health St. Martin’s University Capital Medical 49,694 97,850 Residential Population 214,169 Combined enrollment: 10,400 $66,137 $70,358 State Government (Capitol) Household Income Legend $74,126 I-5 Demographics Key Employers 3 MILES THE CENTER THE MARKET STARWOOD Capital Mall Demographics PTA1 STA2 TTA3 US Avg Population 2016 estimate 122,636 245,946 368,582 Regional center for education, 2021 projection 129,307 255,443 384,750 arts and recreation % growth 2016–2021 5.4% 3.9% 4.4% 3.7% Population White 84% 79% 81% 71% Unusually wide trade area By Race Black 2% 3% 3% 13% results in eclectic mix of Asian 5% 4% 4% 5% urban and rural dwellers Hispanic Ethnicity 7% 11% 10% 18% 41 40 40 38 Median Age Ongoing development along % age 15-24 13% 12% 12% 14% Interstate 5 creates dominant % age 25 to 44 27% 26% 26% 26% retail region % age 45 to 64 28% 26% 27% 26% Households 2016 estimate 52,226 95,171 147,397 One of Top Best Places 2021 projection 55,463 99,108 154,571 to Live 2016 households with kids under 18 28% 32% 31% 34% — Livability, 2016 Average 2016 estimate $75,034 $63,343 $67,486 $77,135 Household % earning $75,000+ 39% 31% 34% 36% Income 2021 projection $76,604 $65,917 $69,752 $83,619 Ranked as one of the top Education % college educated 74% 61% 65% 59% ten places in the U.S. to do business 1-MILE 3-MILE 5-MILE 10-MILE — Forbes, 2015 Business & business establishments 1,475 4,849 8,265 11,688 Employment daytime employment 11,902 54,213 83,620 112,384 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—17% Accumulated Wealth—16% • 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 Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Senior Director, Leasing / 310.486.1536 / Solano Town Center Franklin Park Mall Erika Plummer Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bryant Siragusa / National Director, Restaurants & Entertainment / Connecticut Hamburg Pavilion The Shops at Willow Bend 214.771.2003 / [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 Naumann Idrees / Vice President, Leasing – West / 312.265.7046 / The Collection at Forsyth Kitsap Mall [email protected] Nebraska Gateway Mall Ed Coury / Senior Vice President, Leasing / 312.242.3217 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 11/09/16 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Capital Mall.