Washington Square (Oregon)

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Mall facts and statistics
Washington Square

Location	Tigard, Oregon
Opening date	1974
Management	The Macerich Company
Owner	The Macerich Company & OTPP
No. of stores and services	170 [1]
No. of anchor tenants	4
Total retail floor area	1,336,000 ft² mall [2] & 118,000 ft² plaza [3]
Parking	6,700^[1]
No. of floors	2
Website	shopwashingtonsquare.com/

Washington Square is a shopping mall in the Portland, Oregon suburb of Tigard. It is one of the top grossing malls per square foot in the United States, with sales of $716/ft².^[2]

The mall is managed and co-owned by The Macerich Company, a real estate investment trust, and is anchored by Macy's, Nordstrom, JCPenney and Sears. A fifth anchor, Dick's Sporting Goods will open in March 2008.^[3]

1 History
2 Trivia
3 Anchors
4 Former Anchors
5 External links
6 References

[edit] History

The mall was opened in 1974, originally anchored by Lipmans, Nordstrom, Sears and a Meier & Frank that had opened the previous year. In 1979 Frederick & Nelson acquired and renamed the Lipmans chain, while JCPenney and Mervyn's were added with the addition of a new wing in 1980. Following Frederick & Nelson's bankruptcy and store closure in January 1991, Nordstrom acquired the vacant space and demolished it, constructing a replacement for its existing store, which opened in 1994. At that time, the former Nordstrom space was acquired by the mall and reconfigured as a food court and additional retail space, coinciding with the renovation of the mall.

In 1999 the mall was sold by Safeco, a Seattle, Washington-headquartered insurance company to Pacific Premier Retail Trust, in itself a partnership of The Macerich Company and Ontario Teachers' Pension Plan. Macerich, a Real Estate Investment Trust took over management of the property at this time. In 2005 Macerich opened a 100,000 ft² addition, housing 30 more stores and including The Cheesecake Factory. At the same time, other improvements were made throughout the mall and two new parking structures were added. The Mervyn's closed in November 2005 and sold their location to the mall. The site will be refurbished and reopened as Dick's Sporting Goods in March 2008.

[edit] Trivia

The current configuration has five department store anchors, 170 specialty shops & restaurants, and a food court. Some of the stores are located in an adjacent outdoor plaza known as "Washington Square Too". Most of the mall is on a single level; however, the anchor stores have multiple levels, the food court is on a second level, and the new expansion was built so that it could accommodate a second level addition at a later date.

TriMet maintains the Washington Square Transit Center on the mall's premises.

[edit] Anchors

JCPenney (210,585 ft²; opened 1980)
- JCPenney Home Store (20,397 ft², outparcel location)
Macy's (242,505 ft²; opened 1973 as Meier & Frank, renamed 2006)
Nordstrom (180,000 ft²; opened 1974, relocated 1994)
Sears (211,937 ft²; opened 1974)
- Sears Tire, Battery & Auto (16,600 ft², outparcel location)
Dick's Sporting Goods (90,000 ft²; opening March 2008)

[edit] Former Anchors

Frederick & Nelson (120,000 ft²; closed 1991 and razed for Nordstrom)
Lipmans (opened 1974, became Frederick & Nelson 1979)
Meier & Frank (opened 1973, renamed Macy's 2006)
Mervyn's (89,309 ft²; opened 1980, closed November 2005, site of future Dick's Sporting Goods)
original Nordstrom (108,000 ft²; opened 1974, replaced 1994, became food court and mall retail space)

[edit] External links

Washington Square Official website
PDX History

[edit] References

^ Countering the crunch, The Oregonian, August 27, 2006.
^ (2006 Annual report for The Macerich Company). SEC Form 10-K, Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2006 (February 16, 2007). Retrieved on March 28, 2007.
^ Washington Square brings first Dick's Sporting Goods to Oregon (pdf) (February 5, 2007). Retrieved on March 28, 2007.