TACOMA (SEATTLE), WASHINGTON
THE TACOMA TRANSFORMATION Nestled between Seattle and Olympia, Tacoma is quickly becoming a beacon for economic growth in the South Sound region. The third largest city in the state of Washington, Tacoma serves a market of more than one million people. The market has grown 15% over the past ten years and is projected to grow by 62% (127,000 people) over the next 25 years. A popular tourist destination, Tacoma boasts an idyllic setting with stunning water and mountain views and over 2,700 hotel rooms. Pierce County visitor spending topped $1 billion in 2015 (45.4% was in Tacoma). Economic development in the area is booming. Plans are underway to build a large residential and commercial project just three miles from Tacoma Mall. The 6.4-acre mixed-use project will feature 360 residential units, 90,000 square feet of offices, along with 480 parking stalls. The 119,000-square-foot convention center hosted 209 events in 2015. The Chambers Bay Golf Course was home to the 2015 PGA US Open, attracting approximately 235,000 people to the event.
THE BUSINESS OF BUSINESS Tacoma serves as the center of business activity for the South Sound region and is a major gateway port for international trade. The Port of Tacoma is the sixth largest container-handling port in North America and ranks in the top 25 for worldwide container trade. Located on 2,400 acres, the port services more than 15 steamship lines, two transcontinental railroads, 200 interstate and intrastate trucking lines, and 20 air freight forwarders. Port activities generate more than 28,000 jobs and $477 million in wages in Pierce County. Top employers in the area include: Joint Base Lewis-McChord - 66,054 employees MultiCare Health System - 6,904 employees Franciscan Health System - 5,338 employees Boeing - 1,670 employees Intel - 310 employees Columbia Bank - 599 employees Top industries: Military Health Care Financial Services Aerospace
WELL-EDUCATED WORKFORCE The area boasts numerous colleges and universities. University of Tacoma - 4,600 students University of Puget Sound - 2,800 students Pacific Lutheran University - 3,500 students Evergreen College - 4,200 students
ARTS & CULTURE Tacoma s downtown boasts an impressive Museum District featuring six world-class museums showcasing some of the world s best collections and unique artwork. The Museum of Glass is home to famous works by glass art pioneer Dale Chihuly, the 75,000-square-foot museum hosts over 150,000 visitors annually. The famous Chihuly Bridge of Glass is a 500-foot-long pedestrian overpass that links the museum to downtown Tacoma and its cultural corridor. The Tacoma Art Museum, celebrating 80 years, features more than 4,500 works and is home to The Haub Family Collection, one of the nation s premier Art of the American West collections featuring 300 works spanning 200 years. LeMay, America s Car Museum, is situated on nine acres and hosts the largest personal car collection in the world attracting 400,000 visitors annually. Washington State History Museum highlights the state s history through in-depth exhibitions. At the Children s Museum of Tacoma, children of all ages enjoy a one-of-a-kind experience. Foss Waterway Seaport is a century-old restored shipping warehouse and maritime heritage educational center.
HIGH TECH MEETS HIGH STYLE Tacoma Mall is the premier shopping destination for the South Puget Sound region. Recently expanded Nordstrom location and updated amenities such as skylights and soft seating. Beautifully designed and landscaped. Serves a strong upper-middle class suburban population. Strong daytime population of 168,000 people within just three miles of the center.
BY THE NUMBERS Anchored by Six Major Retailers Nordstrom, Macy s, JCPenney, Sears, Forever 21, Dick s Sporting Goods (opening 2017) Square Footage Tacoma Mall spans 1,335,000 square feet. Single Level Boasting more than 150 specialty stores.
IN GOOD COMPANY Distinctive. Classic. Fashion-Forward. Many fine brands have chosen Tacoma Mall as their preferred location in the Puget Sound market. Bath & Body Works Buckle Build-A- Bear Workshop Express Forever 21 Gap Garage Gene Juarez Salon & Spa Hollister Co. LUSH Fresh Handmade Cosmetics Pandora
POSITIONED TO SUCCEED Tacoma Mall is located in Pierce County, Washington, four miles southwest of downtown Tacoma. Tacoma Mall has both great visibility and accessibility from I-5, the major north-south interstate running through Tacoma, helping the center serve the entire Puget Sound region. I-5 has an annual average daily traffic count (AADT) of 197,400 vehicles. The center is located just off I-5 between 38th and 48th Streets. The center also benefits from its close proximity to Highway 16 providing easy access to Gig Harbour and surrounding areas (Tacoma Narrows Bridge 81,136 AADT). 2015 2020 472,097 499,300 2015 2020 181,165 191,914 2015 $68,324 2020 $74,992 2015 197,901 2015 $248,186 Source: SPG Research; trade area demographic information per STI: PopStats (2015).
Burien Tukwila 7 Renton East Renton Highlands Mirrormont SeaTac Cascade-Fairwood Maple Heights-Lake Desire 16 Vashon Normandy Park 5 East Hill-Meridian Hobart Des Moines Kent Allyn-Grapeview TRADE AREA BOUNDARY Covington Maple Valley Ravensdale Artondale Gig Harbor Ruston Federal Way 3 Lakeland North 5 Auburn Lea Hill Lake Morton-Berrydale Black Diamond Lakeland South Algona Fox Island Tacoma Milton Pacific University Place Fircrest 1 Fife Waller Edgewood Sumner Enumclaw Steilacoom 4 Lakewood Midland Summit 6 Puyallup Bonney Lake Buckley McChord AFB Parkland Prairie Ridge South Prairie DuPont 5 Fort Lewis Spanaway Frederickson South Hill Orting Wilkeson Carbonado 2 Olympia Lacey Nisqually Indian Community Elk Plain Graham N 0 5 Tumwater Roy MILES TRADE AREA & COMPETITION Simon Center Competition North Yelm 1 Tacoma Mall 2 Capital Mall 3 The Commons at Federal Way 4 Lakewood Towne Center 5 The Outlet Collection Seattle 6 South Hill Mall 7 Westfield Southcenter
S. 38TH ST. S. STEELE ST. S. PINE ST. MACY S SEARS TACOMA MALL TACOMA MALL BLVD. NORDSTROM JCPENNEY I-5 S. 47TH ST. FOREVER 21 H&M BJ S RESTAURANT & BREWHOUSE MOD PIZZA MENCHIES BLAZING ONION BURGER COMPANY S. 48TH ST. N AERIAL OVERVIEW
S. PINE ST. STEELE ST. PIER 1 IMPORTS TOYS R US TACOMA MALL BLVD. KEY DEPARTMENT STORES ANCHOR STORE RESTAURANTS RETAIL SEARS MACY S NORDSTROM I-5 FOREVER 21 JCPENNEY BJ S RESTAURANT & BREWHOUSE MOD PIZZA MENCHIES BLAZING ONION BURGER COMPANY S. 48TH ST. BABIES R US BEST BUY N SITE PLAN SITE PLAN
UNIQUE OPPORTUNITY Tacoma Mall presents a unique opportunity for your brand. Please contact the following leasing professional for more information. Chris Reynolds (206) 295-3230 creynolds@simon.com
THE CENTER OF STYLE Since opening in 1980, Miami International Mall has remained one of the benchmark of shopping for Miami consumers. Thee center remains a collection of the worlds best retail brands, attracting more than 8 million visitors annually.