WRENTHAM VILLAGE PREMIUM OUTLETS

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1 WRENTHAM VILLAGE PREMIUM OUTLETS

2 THE SIMON EXPERIENCE WHERE BRANDS & COMMUNITIES COME TOGETHER More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets. From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be. We deliver: SCALE Largest global owner of retail real estate including Malls, Simon Premium Outlets and The Mills QUALITY Iconic, irreplaceable properties in great locations INVESTMENT Active portfolio management increases productivity and returns GROWTH Core business and strategic acquisitions drive performance EXPERIENCE Decades of expertise in development, ownership, and management That s the advantage of leasing with Simon.

3 PROPERTY OVERVIEW WRENTHAM VILLAGE PREMIUM OUTLETS WRENTHAM, MA MAJOR METROPOLITAN AREAS SELECT TENANTS Boston: Providence, RI: RETAIL 30 miles north 20 miles south GLA (sq. ft.) 660,000; 170 stores OPENING DATES Opened 1997 Expanded 1998, 1999, 2000 PARKING RATIO 6.1:1 RADIUS POPULATION 15 mile population: 816, mile population: 4,376, mile population: 6,317,572 Saks Fifth Avenue OFF 5TH, Barneys New York Warehouse, Bloomingdale s - The Outlet Store, 7 For All Mankind, AllSaints, Armani Outlet, Banana Republic Factory Store, Burberry, Burton, Coach, Elie Tahari Outlet, Gap Factory Store, HUGO BOSS Factory Store, Karen Millen, kate spade new york, Kenneth Cole Company Store, LACOSTE Outlet, Michael Kors Outlet, Movado Company Store, NikeFactoryStore, Polo Ralph Lauren Factory Store, Reebok, Restoration Hardware, Salvatore Ferragamo, Swarovski, Theory, Tommy Hilfiger Company Store, Tory Burch, Under Armour Factory House, Vince. TOURISM / TRAFFIC Tourism plays a profound role in the city of Boston s economy. Ten million visitors come to the Boston area annually. Higher education also makes an enormous contribution. Boston is home to 34 universities, colleges, and community colleges, with a combined enrollment of nearly 200,000 students each year. Among the attractions that Boston has to offer are Newbury Street, the Public Garden, Fenway Park, JFK Library and the New England Aquarium. The average daily traffic count on I-495 (North & South) is 60,000 vehicles. LOCATION / DIRECTIONS Mass Turnpike WRENTHAM VILLAGE PREMIUM OUTLETS WRENTHAM, MA AVERAGE HH INCOME 30 mile average: $87,420 Intersection of I-495 and Rte. 1A approximately 30 miles south of Boston and 20 miles north of Providence, Rhode Island. From Logan Airport: Ted Williams Tunnel to I-93S to I-95S to I-495N (Exit 6) to Exit 15 (Rte. 1A - Wrentham) Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

4 SITE AND PLAN I-495 SR 1A / SOUTH ST. PREMIUM OUTLETS BLVD. NORTH

5 I-495 SR 1A / SOUTH ST. A E B D C PREMIUM OUTLETS BLVD. THE PLAZA A. Restoration Hardware B. Dunkin Donuts C. Uno Chicago Grill D. Cracker Barrel E. Bloomingdale s The Outlet Store

6 SURROUNDING AREA CENTERS Amherst Wilton Milford Troy dale Winchester Londonderry Salisbury Newburyport Nashua Haverhill Hudson SURROUNDING AREA CENTERS Methuen Town Townsend Winchendon East Pepperell South Ashburnham Baldwinville Gardner Orange Athol rs Falls Fitchburg Wilmington Devens Ayer Shirley Littleton Common Maynard Rutland Marlborough hers Spencer Warren Palmer Town Wilbraham Monson Center 34 Fiskdale Sturbridge Oxford Southbridge Town Webster Holland o Somers Whitinsville Crystal Lake Storrs 45 MILES South Coventry Chepachet Harmony Wauregan Moosup South Windham muggus topau mpton Colchester Cumberland Hill 12 9 Valley Falls Greene Providence Ashaway Old Mystic Westerly Bradford Long Hill Quonochontaug Mystic Waterford Noank Stonington Weekapaug Niantic Groton Long Point Watch Hill The Pinehills White Island Shores Weweantic East Providence 37 Somerset 32 Ocean Grove Warwick 35 Newport East Narragansett Pier 14 Middleborough Center Kingston Provinceto North 17 Plymouth 39Plymouth 32 North Lakeville 28 Melville Carolina Green Harbor-Cedar Crest Bridgewater Onset Sandwich East Sandwich Bourne Marion Center Pocasset Forestdale Fall River Acushnet Center Barnstable Town 10Mills Smith North Falmouth 8 Bliss Corner Wyoming Hope Valley Oxoboxo River Hanson Raynham Center Taunton Baltic Jewett City Mashantucket Essex Village Attleboro Tiverton Moodus Scituate Abington Cranston Norwich ster Center Norton Center Central Falls Greenville 7 9 Pawtucket Brockton North Scituate Duxbury South Duxbury Woonsocket Brooklyn Foster Center East Brooklyn Clayville Willimantic 1 Harrisville ockville ste Walpole Sharon Pascoag 30 MILES Putnam 53 Chelsea Winthrop Town 10 Somerville Boston Newt on Bellingham Franklin Town Wrentham Foxborough 15 MILES South Woodstock k Peabody Waltham Belmont Hopedale East Douglas Quinebaug North Grosvenor Dale Beverly Danvers 21Cochituate 17 Framingham Wellesley Hull Cordaville Needham Dedham Hingham Westborough Dover Milton Hopkinton 34 Weymouth Town 30 Braintree Town Norwood Upton Randolph Worcester Ware Rockport Essex Watertow n Town Northborough Belchertown West Concord South Lancaster ente Gloucester Ipswich Pinehurst Reading 22 Salem Burlington Marblehead 36 Swampscott Melrose 31 Nahant Arlington Revere 2 Petersham Barre Boxford Groton Lunenburg Leominster hers Andover Lowell Simon Centers Competition Rowley Lawrence West Falmouth Mashpee Neck Monomoscoy Island Seconsett Island Falmouth Woods Hole Newport Vineyard Haven East D South D Denn West Yarmouth Wrentham Premium Outlets Assembly Row Auburn Mall Burlington Mall Cambridgeside Galleria Copley Place The Crossing at Smithfield Dartmouth Mall Emerald Square Faneuil Hall Marketplace Garden City Center Greendale Mall The Hanover Mall The Kingston Collection Legacy Place Liberty Tree Mall The Mall at Chestnut Hill The Mall at Whitney Field Mansfield Crossing Marketstreet Lynnfield Natick Mall Northshore Mall Patriots Place Pheasant Lane Mall Providence Place The Shoppes at Blackstone Valley The Shops at Prudential Center Silver City Galleria Solomon Pond Mall South Shore Plaza Square One Mall Swansea Mall VF Outlet Mall Wareham Crossing Warwick Mall Wayside Commons Westgate Mall

7 OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Patriot Place Foxborough, MA Emerald Square North Attleboro, MA 1,300,000 sf Bass Pro Shops Outdoor World 5 miles / 10 minutes 1,023,000 sf Macy s, JCPenney, Sears 7 miles / 10 minutes Westgate Mall Brockton, MA 730,000 sf Best Buy, Macy s, Old Navy, Sears 12 miles / 20 minutes Providence Place Mall Providence, RI 1,300,000 sf JCPenney, Macy s, Nordstrom 20 miles / 30 minutes Legacy Place Dedham, MA 675,000 sf L.L. Bean 24 miles / 30 minutes South Shore Plaza Braintree, MA 1,589,000 sf Nordstrom, Lord & Taylor, Macy s, Sears, Target 30 miles / 40 minutes Natick Collection Natick, MA 1,155,000 sf JCPenney, Lord & Taylor, Macy s, Neiman Marcus, Nordstrom, Sears 42 miles / 1 hour The Mall at Chestnut Hill Chestnut Hill, MA 469,000 sf Bloomingdale s, Bloomingdale s Home Furnishings and Men s Store 45 miles / 1 hour Copley Place Boston, MA The Shops at Prudential Center Boston, MA 1,243,000 sf Neiman Marcus, Barneys New York 50 miles / 1 hour 523,000 sf Lord & Taylor, Saks Fifth Avenue 50 miles / 1 hour OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Merrimack Premium Outlets Merrimack, NH 409,000 sf Saks Fifth Avenue OFF 5TH, Bloomingdale s - The Outlet Store 72 miles / 1 hour 20 minutes Kittery Premium Outlets Kittery, ME 259,000 sf 100 miles / 1 hour 45 minutes

8 60 Columbia Road Building B 3rd Floor Morristown, NJ (973) premiumoutlets.com Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).

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