LEE PREMIUM OUTLETS PROPERTY OVERVIEW LEE, MA MAJOR METROPOLITAN AREAS SELECT TENANTS

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1 LEE, MASSACHUSETTS

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3 PROPERTY OVERVIEW LEE PREMIUM OUTLETS LEE, MA MAJOR METROPOLITAN AREAS Albany: Springfield: RETAIL GLA (sq. ft.) 5,000; 60 stores 44 miles 4 miles SELECT TENANTS Ann Taylor Factory Store, Banana Republic Factory Store, BCBG, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Cole Haan Outlet, J.Crew Factory, LACOSTE Outlet, Lindt Chocolate of Switzerland, Michael Kors Outlet, Nautica, NikeFactoryStore, Polo Ralph Lauren Factory Store, SKECHERS USA, Talbots, Tommy Hilfiger Company Store, Under Armour Albany 8 Schenectady Troy 90 NY MA 9 Pittsfield VT NH MA 91 Springfield To Boston MA CT 90 OPENING DATES Opened June 199 PARKING RATIO 4.8:1 RADIUS POPULATION 15 miles: 9,11 30 miles: 355, miles: 1,86,334 TOURISM / TRAFFIC The center is located at the scenic gateway to the Berkshires, the cultural hub and vacation locale for cities within a relatively short drive time including Boston and Springfield, MA; Albany, NY; and Hartford, CT. This area s wealthy population base includes 3.8 million people within 60 miles. This outlet destination is a tax-free shopping mecca, conveniently positioned just off Exit of the Massachusetts Turnpike. With a traffic count of 55,000 vehicles passing the center daily, it draws millions of annual visitors, which makes it Berkshire County s largest attraction. MAJOR ATTRACTIONS To New York City 8 Hartford 84 LEE PREMIUM OUTLETS LEE, MA AVERAGE HH INCOME 30 miles: $,04 Tourists visit the Berkshires for the mountains, lakes, shopping and small-town charm. Nearby Lenox is home to top-ranked Canyon Ranch Resort and Cranwell Resort Spa & Golf Club. Other musical and art related regional attractions include Norman Rockwell Museum, Tanglewood (the summer home of the Boston Symphony Orchestra), Hancock Shaker Village, and Shakespeare & Company. LOCATION / DIRECTIONS Lee Premium Outlets is located off of I-90 (MA Turnpike). From NY: Rte. I-90 (MA Turnpike) east to Exit in Lee, MA From MA and CT: Rte. I-90 (MA Turnpike) west to Exit in Lee, MA Information accurate as of 5/1/16. Source: SPG Research; trade area demographic information per STI: PopStats (015). From Berkshire County: Rte. 0E in Lee, MA

4 DN MASTER PLAN I-90

5 AERIAL OVERVIEW I-90 US 0 / WATER ST. PREMIUM OUTLETS BLVD. SR 10 NORTH

6 SURROUNDING AREA CENTERS VictoryGreenwich Simon Centers Competition Lee Premium Outlets Berkshire Mall Blue Back Square Colonie Center Crossgates Mall Eastfield Mall Enfield Square Hampshire Mall Holyoke Mall At Ingleside Hudson Valley Mall The Shoppes at Farmington Valley Stuyvesant Plaza Gloversville Arlington Saratoga Springs Broadalbin Galway Johnstown North Ballston Spa Ballston Spa Fonda Fort Johnson Fultonville Newfane Valley Falls Mechanicville Altamont Schoharie 4 Green Island 5 1 Rensselaer Hampton Manor East Greenbush Middleburgh Winch Shelburne Falls Cheshire Turners Falls Millers Falls Baldwin Orange Athol Petersham Niverville Preston-Potter Hollow Valatie Kinderhook Greenville Lenox Northampton Ghent Windham Cairo Leeds Hunter Catskill Tannersville 1 Stottville Lorenz Park Philmont Claverack-Red Mills Germantown l Woodstock Chicopee Russell Blandford 99 Pleasant Valley 45 MILESDover Plains Highland Fairview Poughkeepsie Freedom Plains SpackenkillTitusville New Paltz Crown Heights Watchtower Valley Pine Bush Hillside Lake Plattekill Wallkill Wappingers Falls Hopewell Junction Walden ngburg Merritt Park Balmville Montgomery North Granby New Hartford Center 11 Bristol Bethlehem Village Pawling Weatogue Canton Valley 11 Collinsville Northwest Harwinton Terryville Thomaston Crystal Lake Rockville Blue Hills West Hartford Hartford 3 3 Newington New Britain Kensington Watertown Woodbury Center Somers Broad Brook Bantam New Milford Fiskdale Sturbr Holland Southwood Acres Winsted New Preston 6 6Wilbraham Thompsonville Salmon Brook Torrington North Brook Palmer Town Agawam Town Longmeadow Norfolk 10 Ware Monson Center Canaan Red Hook Lake Katrine Pine Plains Lakeville 10 Falls Village East Kingston Millerton Rhinebeck 30 MILES Hillside Hurley Port Ewen Sharon Rosendale Hamlet Staatsburg Amenia Stone Ridge Rifton High Falls Salt Point Millbrook Accord Kerhonkson Hyde Park Shokan Belchertown Granby Holyoke 15 MILES Glasco 8 Amherst Center 8 South Amherst Easthampton Town Huntington Saugerties South West HurleyZena Clintondale Chester Housatonic Copake Lake Malden-on-Hudson Phoenicia Lee Great Barrington Palenville Barre North Amherst Chatham Coxsackie Cragsmoor J Adams Ravena Gardiner Troy Winchester Williamstown North Adams West Sand Lake Averill Park East Nassau Castleton-on-Hudson Nassau Ellenville West Swanzey Hinsdale Readsboro Colonie Watervliet Poestenkill 4 Westmere 5 1 Albany Wynantskill Voorheesville Brattleboro West Brattleboro Jacksonville Waterford Rotterdam Delanson Napanoch Marlborough Wilmington Bennington Scotia Niskayuna EsperanceDuanesburg rattsville Keene North Bennington Old Bennington East Glenville Mariaville Lake Putney South Shaftsbury Stillwater Round Lake Central Bridge Westminster Cambridge Waterbury Meriden Storrs Manchester South Coventry East Hartford Glastonbury Center Willimantic South Windham Terramuggus Lake Pocotopaug East Hampton Colchester Middletown Baltic Norwich

7 OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Berkshire Mall Lanesborough, MA Holyoke Mall at Ingleside Holyoke, MA 60,000 sf JCPenney, Sears 1 miles / 31 minutes 1,600,000 sf JCPenney, Macy s, Sears, Target 38 miles / 39 minutes The Shoppes at Farmington Valley Canton, CT 45,000 sf Barnes & Noble, Dick s Sporting Goods, Kohl s 44 miles / 6 minutes Avon Marketplace Avon, CT 9,000 sf Gap, Victoria s Secret 46 miles / 0 minutes Hampshire Mall Hadley, MA 435,000 sf Best Buy, Dick s Sporting Goods, JCPenney, Target 54 miles / 58 minutes OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Clinton Crossing Premium Outlets Clinton, CT 6,000 sf Saks Fifth Avenue OFF 5TH, Nike, Polo Ralph Lauren 105 miles / hours

8 60 Columbia Road Building B 3rd Floor Morristown, NJ 0960 (93) 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).