ELMHURST, NY MARKET PROFILE. FOR INFORMATION: Macerich.com

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1 ELMHURST, NY MARKET PROFILE 2016 PROPERTY TYPE: Super-regional TOTAL SQUARE FEET: 966,000 MAJOR RETAILERS: Apple, Forever 21, H&M, JCPenney, Macy s RESTAURANTS & ENTERTAINMENT: Applebee s Neighborhood Grill & Bar, Shake Shack FOOD COURT: 15 units BUILT / RENOVATED: 1973 / 2004 FOR INFORMATION: Macerich.com

2 DEMOGRAPHIC SUMMARY POPULATION PRIMARY TRADE AREA TOTAL TRADE AREA 2015 Total Population 1,109,367 2,092,125 19,986, Total Population 1,155,517 2,179,308 20,524, Population Growth 4.2% 4.2% 2.7% NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA [MSA] HOUSEHOLDS 2015 Total Households 374, ,013 7,321, Total Households 390, ,732 7,529, Household Growth 4.1% 4.3% 2.8% INCOME Average Household Income $68,925 $65,770 $96,321 Median Household Income $52,744 $49,902 $65,897 Per Capita Income $23,419 $22,630 $35,577 HOUSEHOLD INCOME RANGES $50, , % 357, % 4,447, % $75, , % 225, % 3,341, % $100, , % 143, % 2,462, % $150, , % 54, % 1,334, % AGE Median Age EDUCATION/OCCUPATION LEVELS Bachelor s Degree Plus 232, % 407, % 5,193, % White Collar 291, % 540, % 6,222, % RACE/ETHNICITY White 428, % 763, % 11,578, % Black 108, % 357, % 3,486, % American Indian 8, % 17, % 98, % Asian 320, % 489, % 2,137, % Pacific Islander % 1, % 9, % Other Race 241, % 462, % 2,676, % Hispanic or Latino 381, % 732, % 4,855, % Not Hispanic or Latino 727, % 1,359, % 15,131, % DAYTIME EMPLOYMENT Total Businesses 26,519 54, ,418 Total Employees 257, ,467 10,107,397 Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2015 and 2020

3 TRADE AREA MAP LEGEND QUEENS CENTER PRIMARY TRADE AREA SECONDARY TRADE AREA COMPETITIVE CENTERS OTHER CENTERS N 10% PCW

4 SITE PLAN 57th AVENUE 57th AVENUE 794 FIRST LEVEL 92 nd STREET 94th STREET QUEENS BOULEVARD ANCHOR MALL 59th AVENUE 59th AVENUE PARKING STRUCTURE Queens Center provides a first-class shopping environment to a trade area of 2.1 million residents in 716,013 households. Situated at the hub of New York City mass transit and at the intersections of Queens Boulevard, the Long Island Expressway and Woodhaven Boulevard, the mall offers easy access to guests arriving by car, bus, subway or on foot. Anchored by JCPenney and Macy s, retailers such as Apple, Armani Exchange, Banana Republic, bebe, Disney Store, Guess, MAC, Lego, Shake Shack, Sephora, Michael Kors, True Religion and Teavana enhance the mall s appeal to the 225,560 households earning more than $75,000 in the total trade area. The center offers nearly 1 million square feet of retail space, which includes a 900-seat, 15-unit food court and flagship concepts GAP, American Eagle/Aerie, Aéropostale/Live Love Dream, H&M, Express and Forever 21. Queens Center has retained a dominant position in the trade area with improvements through a massive redevelopment. These enhancements have resulted in a continued status as one of the most productive malls in the United States.

5 MARKET INFORMATION MAJOR EMPLOYERS EMPLOYEE COUNT 1 HEALTH CARE 105,364 2 FINANCE AND INSURANCE 70,785 3 ACCOMMODATION AND FOOD SERVICE 70,391 4 EDUCATIONAL SERVICES 69,757 5 PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 60,749 6 CONSTRUCTION 51,610 7 OTHER TRANSPORTATION, SUPPORT ACTIVITIES, COURIERS 46,549 8 PUBLIC ADMINISTRATION 41,372 9 ADMINISTRATIVE AND SUPPORT AND WASTE MGT SERVICES 35, REAL ESTATE AND RENTAL AND LEASING 27, PERSONAL AND LAUNDRY SERVICES 23, FOOD AND BEVERAGE 22, SOCIAL ASSISTANCE 21, APPAREL 17, MISCELLANEOUS MANUFACTURING 16, BROADCASTING AND TELECOMMUNICATIONS 16,136 YEARLY SALES MONTH SALES % JAN 6.0% FEB 7.5% MAR 8.7% APR 7.8% MAY 9.1% JUN 9.0% JUL 7.6% AUG 7.7% SEP 8.3% OCT 6.7% NOV 8.0% DEC 13.6% VEHICLE TRAFFIC COUNTS MAJOR HIGHWAYS NEAR CENTER 2015 AVG DAILY LONG ISLAND EXPRESSWAY 161,013 QUEENS BOULEVARD 39,816 SCHOOLS NUMBER OF SCHOOLS NUMBER OF STUDENTS DISTRICT ,900 DISTRICT ,733 DISTRICT ,000 DISTRICT ,519 DISTRICT ,380 DISTRICT ,998 DISTRICT ,049 COLLEGE/UNIVERSITY LOCATION STUDENT POPULATION QUEENS COLLEGE QUEENS 19,310 ST. JOHN S UNIVERSITY QUEENS 20,448 LAGUARDIA COMMUNITY COLLEGE QUEENS 20,231 QUEENSBOROUGH COMMUNITY COLLEGE QUEENS 16,180 YORK COLLEGE QUEENS 8,430 TOURISM MAJOR HOTELS NUMBER OF ROOMS NEW YORK LAGUARDIA AIRPORT MARRIOTT 435 INTERNATIONAL JFK AIRPORT HOTEL 360 HOLIDAY INN CROWNE PLAZA JFK 358 COURTYARD BY MARRIOTT LAGUARDIA 288 HAMPTON INN LAGUARDIA 220 HAMPTON INN JFK 216 HILTON GARDEN INN JFK 192 HYATT PLACE FLUSHING/LAGUARDIA 168 UPDATED 3/16

6 LONG LONG ISLAND ISLAND EXPRESSWAY EXPRESSWAY QUEENS PLACE TARGET BEST BUY N MACY S JCPENNEY WILLETS POINT SKYVIEW CENTER GRAND CENTRAL PARKWAY GRAND CENTRAL PARKWAY QUEENS BLVD OWNED OTHER THE CHEESECAKE FACTORY SHAKE SHACK