Capital Mall

Capital Mall is a shopping mall located in Olympia, Washington. Its major anchor stores include REI, Total Wine & More, Macy's, (originally The Bon Marche) Dick's Sporting Goods, JCPenney, TJ Maxx, and Best Buy, Century Theaters. The mall was known as Westfield Capital from 1998-2013 under Westfield Group ownership.
== History ==
Capital Mall was opened in 1978 by The Hahn Company and acquired in 1998 by Westfield America, Inc., a precursor of the Westfield Group, which renamed it "Westfield Shoppingtown Capital", dropping the "Shoppingtown" from the name in 2005.
The mall began with four anchor department stores:  The Bon Marche, J.C. Penney, Frederick and Nelson (which closed and the space became a Mervyn's in 1992) and Lamont's (closed in 2000 and the space reopened as a Best Buy three years later). Upon acquisition by Westfield, it underwent a $50 million expansion and renovation, adding the "Promenade at Westfield Capital" with Borders Books and Music and Bed Bath & Beyond in August 2006. A 14-screen Century Theatres multiplex opened on May 25, 2007. Borders closed in 2011, with T.J. Maxx replacing it in October 2011.
Mervyn's closed its 99,924 sq ft (9,283.2 m2) store on December 31, 2006 and the space has since been divided into smaller sections: Forever 21 opened in August 2010, REI opened in May 2011, and Total Wine & More opened July 2013. Forever 21 closed for good in September 2018.
In October 2013, Westfield sold a controlling interest of several malls in the United States to Starwood Retail Partners, which included Capital Mall.
In October 2016, Dick's Sporting Goods opened a new store in the mall.
In March 2020, it was reported that owner, Starwood Retail Partners, defaulted on ₪900 million (approximately $250 million) in Israeli bond loans and was forced to restructure and divest their "Starwood West" package of malls, including Capital Mall. The top bidder on the package was a joint venture of Golden East Investors and Pacific Retail Capital Partners. The venture, as agreed to by Starwood's senior trustees, is designed to resolve debts and stabilize assets, ending in a potential sale to Pacific Retail or a similar company. Pacific Retail subsequently took over management from Jones Lang LaSalle (who Starwood had placed over the mall when their financial troubles began) in December 2020
Category:Malls that opened in 1977
Category:1977
Category:1977 establishments
Category:Malls in Washington
Category:The Bon Marche Locations
Category:JCPenney-anchored Malls
Category:Frederick and Nelson Locations
Category:Former Mervyn's-anchored Malls
Category:Lamont’s Locations
Category:Best Buy-anchored Properties
Category:Malls
Category:Former Borders-anchored Properties
Category:Former Westfield Malls
Category:Pacific Retail Capital Partners Malls