The term 'THEATER PLACE' can be solved by the crossword solution 'STAGE', which is a five-letter word. A STAGE is an area in a theater, auditorium, or other performance space where actors, musicians, or other performers present their work. It is typically raised off the ground and surrounded by curtains, which can be opened or closed to control the visibility of the performers. The STAGE is also used for set design, lighting, and sound effects.