Who's Behind The Success Of Washington Square Mall?

May 2024 ยท 15 minute read

Washington Square Mall is a shopping mall located in Tigard, Oregon, United States. It is owned and managed by Washington Prime Group, a real estate investment trust (REIT) that specializes in the ownership and management of shopping malls.

Washington Square Mall is one of the largest shopping malls in the Portland metropolitan area, with over 100 stores and restaurants. The mall is anchored by Macy's, JCPenney, Nordstrom, and AMC Theatres. Washington Square Mall is also home to a number of popular restaurants, including The Cheesecake Factory, Olive Garden, and Red Robin.

Washington Square Mall is a popular shopping destination for residents of Tigard and the surrounding communities. The mall is also a major tourist attraction, as it is located near the Oregon Zoo and the Portland Japanese Garden.

Who Owns Washington Square Mall

Washington Square Mall is a shopping mall located in Tigard, Oregon, United States. It is owned and managed by Washington Prime Group, a real estate investment trust (REIT) that specializes in the ownership and management of shopping malls.

Washington Square Mall is a major economic driver for the Tigard community. It provides jobs for hundreds of people and generates millions of dollars in tax revenue each year. The mall is also a popular destination for shoppers and tourists, and it helps to attract visitors to the area.

Owner

Washington Prime Group is a real estate investment trust (REIT) that specializes in the ownership and management of shopping malls. The company was founded in 1996 and is headquartered in Columbus, Ohio. Washington Prime Group owns and manages over 100 shopping malls in the United States, including Washington Square Mall in Tigard, Oregon.

Washington Prime Group is a publicly traded company, and its shares are listed on the New York Stock Exchange. The company is managed by a team of experienced professionals with a deep understanding of the retail industry. Washington Prime Group has a long track record of success in the ownership and management of shopping malls, and the company is committed to providing its tenants and customers with a high-quality shopping experience.

The connection between "Owner: Washington Prime Group" and "who owns Washington Square Mall" is clear. Washington Prime Group is the owner of Washington Square Mall, and the company is responsible for the mall's day-to-day operations. Washington Prime Group is committed to providing a high-quality shopping experience for its tenants and customers, and the company is actively involved in the Tigard community.

Location

The location of Washington Square Mall in Tigard, Oregon is significant for several reasons:

The location of Washington Square Mall in Tigard, Oregon is a key factor in its success. The mall is easily accessible to shoppers from both Tigard and Portland, and it is located in a growing community with a strong economy. These factors make Washington Square Mall a valuable asset to the community and a desirable location for retailers.

Type

Washington Square Mall is a shopping mall, which means that it is a large, enclosed building that houses a variety of retail stores, restaurants, and other businesses. Shopping malls are typically owned and managed by real estate investment trusts (REITs), such as Washington Prime Group, which owns Washington Square Mall.

The type of shopping mall that Washington Square Mall is has a significant impact on its ownership and management. REITs typically own and manage shopping malls because they provide a steady stream of income from rent payments. The variety of retail stores, restaurants, and other businesses in the mall also helps to attract shoppers and generate revenue.

Size

The size of Washington Square Mall, which boasts over 100 stores and restaurants, is a significant factor in determining who owns the mall. The mall's large size makes it a valuable asset, and it requires a substantial investment to own and manage. As a result, Washington Square Mall is owned by Washington Prime Group, a real estate investment trust (REIT) that specializes in the ownership and management of shopping malls.

REITs are typically large, publicly traded companies that own and manage a portfolio of real estate properties. They are able to raise capital from investors and use it to acquire and develop properties, including shopping malls. REITs benefit from economies of scale and have the expertise to manage large, complex properties such as Washington Square Mall.

The size of Washington Square Mall also has a significant impact on its operation and management. The mall's large size requires a team of experienced professionals to manage the day-to-day operations, including leasing, marketing, and security. The mall also requires a significant investment in maintenance and upkeep to ensure that it remains a safe and attractive shopping destination.

The connection between the size of Washington Square Mall and its ownership is clear. The mall's large size makes it a valuable asset, and it requires a substantial investment to own and manage. As a result, Washington Square Mall is owned by a REIT, which has the financial resources and expertise to manage such a large property.

Anchors

The anchor stores of Washington Square Mall, namely Macy's, JCPenney, Nordstrom, and AMC Theatres, play a crucial role in determining who owns the mall. Anchor stores are typically large, well-known department stores or big-box retailers that attract shoppers to the mall. They are often the main reason why people visit the mall, and they generate a significant portion of the mall's revenue.

The connection between the anchor stores of Washington Square Mall and its ownership is clear. The anchor stores play a vital role in the mall's success, and they have a significant influence on who owns the mall. As a result, the anchor stores are a key factor to consider when discussing the ownership of Washington Square Mall.

Popularity

The popularity of Washington Square Mall as a major shopping destination for residents and tourists is directly linked to its ownership and management. The mall's success in attracting shoppers from a wide geographic area contributes to its overall value and desirability as an investment property.

In summary, the popularity of Washington Square Mall as a major shopping destination for residents and tourists is a key factor that contributes to its ownership and management. The mall's convenient location, diverse retail mix, entertainment options, and community involvement make it a valuable and desirable property for its owner, Washington Prime Group, a real estate investment trust that specializes in the ownership and management of shopping malls.

Tourism

The connection between "Tourism: Located near the Oregon Zoo and the Portland Japanese Garden" and "who owns Washington Square Mall" lies in the economic impact that tourism has on the mall and its surrounding area.

The Oregon Zoo and the Portland Japanese Garden are two of the most popular tourist destinations in Oregon, attracting millions of visitors each year. Washington Square Mall is located just a few miles from both of these attractions, making it a convenient destination for tourists looking to do some shopping before or after their visit.

The presence of these tourist attractions has a positive impact on the mall's business. Tourists are more likely to spend money at the mall, either on food, drinks, or souvenirs. This increased spending benefits the mall's tenants, as well as the mall's owner, Washington Prime Group.

In addition to the direct economic benefits, the mall's proximity to the Oregon Zoo and the Portland Japanese Garden also helps to create a positive image of the mall. Tourists are more likely to view the mall as a safe and welcoming place to shop, which can lead to increased foot traffic and sales.

Overall, the connection between "Tourism: Located near the Oregon Zoo and the Portland Japanese Garden" and "who owns Washington Square Mall" is a positive one. The presence of these tourist attractions benefits the mall's tenants and owner, and helps to create a positive image of the mall.

Management

The connection between "Management: Professional property management team" and "who owns Washington Square Mall" is significant, as the management team plays a crucial role in the success and profitability of the mall. A professional property management team is responsible for the day-to-day operations of the mall, including:

A professional property management team is essential for the success of any shopping mall. They ensure that the mall is well-maintained, safe, and attractive to shoppers. They also work to create a positive relationship with tenants and the community. As a result, a professional property management team is a valuable asset to any mall owner, including Washington Prime Group, the owner of Washington Square Mall.

Frequently Asked Questions

This section provides answers to frequently asked questions about the ownership and management of Washington Square Mall.

Question 1: Who owns Washington Square Mall?

Washington Square Mall is owned by Washington Prime Group, a real estate investment trust (REIT) that specializes in the ownership and management of shopping malls.

Question 2: Where is Washington Square Mall located?

Washington Square Mall is located in Tigard, Oregon, just a few miles from the city center of Portland.

Question 3: What type of mall is Washington Square Mall?

Washington Square Mall is a shopping mall, which means that it is a large, enclosed building that houses a variety of retail stores, restaurants, and other businesses.

Question 4: How big is Washington Square Mall?

Washington Square Mall is over 100 stores and restaurants.

Question 5: What are the anchor stores of Washington Square Mall?

The anchor stores of Washington Square Mall are Macy's, JCPenney, Nordstrom, and AMC Theatres.

Question 6: Who is responsible for the day-to-day management of Washington Square Mall?

The day-to-day management of Washington Square Mall is the responsibility of a professional property management team.

Summary: Washington Square Mall is a large, popular shopping mall that is owned and managed by Washington Prime Group. The mall is conveniently located in Tigard, Oregon, and it features a diverse mix of retail stores, restaurants, and entertainment options.

Transition: For more information about Washington Square Mall, please visit the mall's website or contact the property management team.

Tips for a Successful Visit to Washington Square Mall

Whether you're a local resident or a tourist visiting the Portland area, Washington Square Mall is a great place to shop, dine, and be entertained. Here are a few tips to help you make the most of your visit:

Tip 1: Plan your visit in advance.

Washington Square Mall is a large mall with over 100 stores and restaurants. To make the most of your visit, it's a good idea to plan your visit in advance. Check the mall's website to see a directory of stores and restaurants, and make a list of the ones you want to visit. You can also check the mall's website for a calendar of events to see if there are any special events or promotions happening during your visit.

Tip 2: Arrive early.

Washington Square Mall is a popular destination, so it's a good idea to arrive early to avoid the crowds. The mall opens at 10am Monday through Saturday, and 11am on Sunday. If you arrive early, you'll have more time to browse the stores and find the best deals.

Tip 3: Wear comfortable shoes.

You'll be doing a lot of walking at Washington Square Mall, so it's important to wear comfortable shoes. The mall has over 100 stores and restaurants spread out over two levels, so you'll want to be able to walk around comfortably.

Tip 4: Take advantage of the mall's amenities.

Washington Square Mall has a number of amenities to make your visit more enjoyable. There is a food court with a variety of food options, as well as a number of sitting areas where you can take a break from shopping. The mall also has free Wi-Fi, so you can stay connected while you're shopping.

Tip 5: Be aware of your surroundings.

Washington Square Mall is a safe place to shop, but it's always important to be aware of your surroundings. Keep your valuables close to you, and be aware of who is around you. If you see anything suspicious, report it to a security guard.

Summary: By following these tips, you can make the most of your visit to Washington Square Mall. The mall offers a wide variety of shopping, dining, and entertainment options, and it's a great place to spend a day with family and friends.

Transition: For more information about Washington Square Mall, please visit the mall's website or contact the property management team.

Conclusion

Washington Square Mall, owned by Washington Prime Group, is an economic and social hub for the Tigard community and beyond. Its ownership structure and management practices contribute to its success as a thriving shopping destination, consistently attracting shoppers and businesses alike.

The mall's strategic location, diverse retail offerings, and community involvement make it a valuable asset to the area. Its ownership by Washington Prime Group, a reputable real estate investment trust, ensures professional management and a commitment to delivering a positive shopping experience for all.

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