Washington Square - Macerich
Washington Square - Macerich
Washington Square - Macerich
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<strong>Washington</strong> <strong>Square</strong><br />
9585 S.W. <strong>Washington</strong> <strong>Square</strong> Road | Portland, OR 97223<br />
Phone: 503-639-8865 | Fax: 503-620-5612<br />
www.Shop<strong>Washington</strong><strong>Square</strong>.com<br />
With five anchor stores, including Oregon’s largest Nordstrom and more<br />
than 170 distinctive specialty stores, <strong>Washington</strong> <strong>Square</strong> has long reigned<br />
as Oregon and Southwest <strong>Washington</strong>’s premier shopping center.<br />
Attracting highly desired and new-to-market retailers – including such<br />
names as True Religion Brand Jeans, H&M, Apple, Sephora, Pottery Barn<br />
Kids, Williams-Sonoma and The Cheesecake Factory – ensures that this<br />
super-regional mall will retain its market-leading role.<br />
Situated in the heart of <strong>Washington</strong> County, <strong>Washington</strong> <strong>Square</strong> is<br />
conveniently located southwest of Portland, just off busy Highway 217.<br />
From this vantage point, the mall serves an affluent, highly educated<br />
urban market of 870,017 residents in 345,838 households. Average<br />
household income is $83,813, with 27% earning over $100,000.<br />
With a robust economy, <strong>Washington</strong> County is the fastest growing area in<br />
Oregon, with an expected growth rate of close to 7.1% over the next five<br />
years. The market is comprised largely of technology, manufacturing,<br />
international trade, tourism and wine production companies. Major<br />
global employers include Intel, Nike and Tektronix.<br />
www.macerich.com | NYSE: MAC<br />
Updated 3/11<br />
Market Profile<br />
Total <strong>Square</strong> Feet: 1,466,670<br />
Major Retailers:<br />
Dick’s Sporting Goods, JCPenney,<br />
Macy’s, Nordstrom, Sears<br />
Restaurants & Entertainment:<br />
Newport Bay, Red Robin,<br />
The Cheesecake Factory,<br />
Thirsty Lion Pub & Grill<br />
Food Court: 10 units<br />
Property Type: Super-regional<br />
Built: 1974<br />
Renovated: 1994<br />
Expanded: 2005
Property Profile<br />
POPULATION<br />
2010 ESTIMATE 537,586 870,017 2,250,194<br />
2015 PROJECTION 578,282 932,049 2,400,163<br />
5 YEAR MARKET GROWTH 7.6% 7.1% 6.7%<br />
HOUSEHOLDS<br />
2010 ESTIMATE 204,347 345,838 867,887<br />
2015 PROJECTION 219,226 370,198 924,557<br />
5 YEAR HOUSEHOLD GROWTH 7.3% 7.0% 6.5%<br />
INCOME<br />
AVERAGE HOUSEHOLD INCOME $83,945 $83,813 $74,210<br />
MEDIAN HOUSEHOLD INCOME $64,904 $63,659 $58,575<br />
PER CAPITA INCOME $32,115 $33,565 $28,885<br />
HOUSEHOLD INCOME RANGES<br />
$50,000 - $74,999 42,825 21.0% 69,731 20.2% 187,173 21.6%<br />
$75,000 - $99,999 30,549 15.0% 48,751 14.1% 122,968 14.2%<br />
$100,000 - $149,999 32,770 16.0% 54,912 15.9% 121,331 14.0%<br />
MORE THAN $150,000 21,560 10.6% 37,624 10.9% 66,670 7.7%<br />
AGE BY POPULATION<br />
AVERAGE AGE 36.9 37.8 37.8<br />
MEDIAN AGE 37.1 37.9 37.6<br />
EDUCATION / OCCUPATION LEVELS<br />
BACHELOR’S DEGREE PLUS 145,079 40.5% 248,909 41.7% 502,401 32.9%<br />
WHITE COLLAR 195,616 68.6% 325,339 69.5% 733,084 63.0%<br />
RACE / ETHNICITY<br />
WHITE 421,437 78.4% 706,951 81.3% 1,828,234 81.3%<br />
BLACK 9,319 1.7% 14,190 1.6% 64,343 2.9%<br />
ASIAN / PACIFIC ISLANDER 43,232 8.0% 59,590 6.8% 128,839 5.7%<br />
OTHER 63,598 11.8% 89,286 10.3% 228,778 10.2%<br />
HISPANIC OR LATINO 76,272 14.2% 105,501 12.1% 243,221 10.8%<br />
NOT HISPANIC OR LATINO 461,314 85.8% 764,516 87.9% 2,006,973 89.2%<br />
DAYTIME EMPLOYMENT<br />
TOTAL BUSINESSES 20,486 43,432 100,058<br />
TOTAL EMPLOYEES 206,053 490,951 1,087,130<br />
© 2010 Claritas, Inc. All Rights Reserved<br />
PRIMARY<br />
TRADE AREA<br />
TOTAL<br />
TRADE AREA<br />
PORTLAND-VANCOUVER,<br />
OR-WA [MSA]
Trade Area Map<br />
<strong>Washington</strong> <strong>Square</strong><br />
Primary Trade Area<br />
Secondary Trade Area<br />
Competitive Centers<br />
Other Centers<br />
N<br />
Hall<br />
Exit<br />
WASHINGTON<br />
SQUARE
Market Information<br />
MAJOR EMPLOYERS YEARLY TRAFFIC & SALES<br />
WASHINGTON COUNTY, OREGON<br />
EMPLOYER EMPLOYEE COUNT MONTH TRAFFIC % SALES %<br />
1 INTEL CORP. 15,151 JAN 7.8% 6.7%<br />
2 NIKE, INC. 7,000 FEB 6.7% 6.5%<br />
3 PROVIDENCE ST. VINCENT HOSPITAL 5,541 MAR 7.5% 7.9%<br />
4 BEAVERTON SCHOOL DISTRICT 5,000 APR 7.3% 7.7%<br />
5 TARGET STORES 3,843 MAY 8.0% 7.6%<br />
6 SHARI'S RESTAURANTS 3,725 JUN 7.3% 7.9%<br />
7 HILLSBORO SCHOOL DISTRICT 2,400 JUL 8.0% 9.2%<br />
8 HOME DEPOT 2,000 AUG 8.7% 8.2%<br />
9 KAISER PERMANTE 1,850 SEP 7.8% 8.5%<br />
10 TEKTRONIX 1,800 OCT 7.9% 7.7%<br />
NOV 9.2% 9.4%<br />
DEC 13.8% 12.7%<br />
HOUSING INFORMATION<br />
VALUES AND PRICES 2010 AVG SELLING PRICE NEW HOUSING PERMITS – SINGLE AND MULTI FAMILY<br />
2007 2008 2009 2010<br />
NW WASHINGTON COUNTY $364,300 WASHINGTON COUNTY 2,864 1,738 1,078 585<br />
TIGARD/WILSONVILLE $304,400<br />
BEAVERTON/ALOHA $235,600<br />
LAKE OSWEGO/WEST LINN $435,400<br />
HILLSBORO/FOREST GROVE $226,200<br />
VEHICLE TRAFFIC COUNTS<br />
MAJOR HIGHWAYS NEAR CENTER ROADS WITH CENTER ENTRANCES<br />
2010 AVG DAILY 2010 AVG YEARLY 2009 AVG DAILY 2009 AVG YEARLY<br />
HWY 217 116,400 42,486,000 GREENBURG ROAD 11,829 4,317,585<br />
HALL BOULEVARD 14,225 5,192,125<br />
SCHOLLS FERRY ROAD 42,499 15,512,135<br />
SCHOOLS<br />
NUMBER OF SCHOOLS NUMBER OF STUDENTS<br />
TIGARD TUALATIN/BEAVERTON SCHOOL DISTRICT 61 50,929<br />
HILLSBORO SCHOOL DISTRICT 34 20,500<br />
LAKE OSWEGO/WEST LINN-WILSONVILLE SCHOOL DISTRICT 27 15,085<br />
SHERWOOD/NEWBERG SCHOOL DISTRICT 17 10,134<br />
COLLEGE/UNIVERSITY LOCATION STUDENT POPULATION<br />
PORTLAND STATE UNIVERSITY PORTLAND 27,000<br />
OREGON HEALTH & SCIENCE UNIVERSITY (OHSU) PORTLAND/HILLSBORO 3,900<br />
LEWIS & CLARK COLLEGE PORTLAND 3,504<br />
GEORGE FOX UNIVERSITY NEWBERG 3,484<br />
PACIFIC UNIVERSITY FOREST GROVE 3,213<br />
TOURISM<br />
MAJOR HOTELS NUMBER OF ROOMS<br />
WASHINGTON COUNTY TOTAL NUMBER OF ROOMS 4,580<br />
EMBASSY SUITES AT WASHINGTON SQUARE 356<br />
HOLIDAY INN - WILSONVILLE 170<br />
CROWNE PLAZA – LAKE OSWEGO 161<br />
COURTYARD BY MARRIOTT – HILLSBORO 155<br />
HILTON GARDEN INN – BEAVERTON 150<br />
COURTYARD BY MARRIOTT - BEAVERTON 149
Site Plan<br />
SW HALL BLVD.<br />
PALM BLAD ROAD<br />
BLUM ROAD<br />
DICK’S<br />
SPORTING<br />
GOODS<br />
GORMARTIN LANE<br />
HIGHWAY 217<br />
WASHINGTON SQUARE ROAD<br />
THIRSTY<br />
LION
N<br />
OWNED<br />
OTHER<br />
Aerial Map<br />
RED LOBSTER<br />
GUSTAV’S<br />
LINCOLN CENTER<br />
BARNES & NOBLE<br />
THIRSTY LION<br />
BANK OF AMERICA<br />
RED ROBIN<br />
STARBUCKS<br />
SEARS TBA<br />
COST PLUS<br />
GREENBURG GREENBURG ROAD ROAD<br />
SEARS<br />
JCPENNEY<br />
JCPENNEY<br />
FURNITURE<br />
US BANK<br />
NORDSTROM<br />
SW SW WASHINGTON WASHINGTON SQUARE SQUARE ROAD ROAD<br />
DICK’S SPORTING<br />
GOODS<br />
MACY’S<br />
FURNITURE<br />
GALLERY<br />
THE CHEESECAKE FACTORY<br />
MACY’S<br />
TARGET<br />
SW HALL HALL BOULEVARD<br />
BOULEVARD<br />
SHANE COMPANY<br />
TOYS“ ”US<br />
R<br />
SW SW SCHOLLS SCHOLLS FERRY FERRY ROAD ROAD<br />
WELLS FARGO BANK<br />
EMBASSY<br />
SUITES<br />
HIGHWAY HIGHWAY 217 217<br />
DAVID’S BRIDAL<br />
BEST BUY<br />
NORDSTROM RACK
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