PLEASANT PRAIRIE, WISCONSIN

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1 PLEASANT PRAIRIE, WISCONSIN

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3 PROPERTY OVERVIEW PLEASANT PRAIRIE PREMIUM OUTLETS PLEASANT PRAIRIE, WI MAJOR METROPOLITAN AREAS Chicago, IL: Milwaukee: RETAIL GLA (sq. ft.) 403,000; 90 stores OPENING DATES Opened 1988 Expanded 2006 PARKING RATIO 5:1 RADIUS POPULATION 60 miles 35 miles SELECT TENANTS Banana Republic Factory Store, Calvin Klein Company Store, Coach Factory Store, Converse, Express Factory Outlet, Fila Outlet, Gap Factory Store, J.Crew Factory, kate spade new york, Michael Kors Outlet, Nike Factory Store, The North Face, Pandora Outlet, Polo Ralph Lauren Factory Store, True Religion, Tumi, UGG, Under Armour TOURISM / TRAFFIC Pleasant Prairie Premium Outlets is well positioned on I-94, the direct route between Chicago and Milwaukee, with an average of 80,000 VPD. Nearly 1.8 million people live within 30 miles of the center with an average household income of over $96,000. Pleasant Prairie also enjoys a strong international shopper base. Approximately 15-20% of shoppers are from outside the U.S. with the top three countries being China, Brazil, and Germany. With Wisconsin sales tax being substantially lower than in Illinois, many shoppers from Illinois cross the state line to shop at Pleasant Prairie Premium Outlets. 14 WI IL PLEASANT Lake 12 PRAIRIE 43 Geneva PREMIUM OUTLETS PLEASANT PRAIRIE, WI Beloit Rockford Rochelle Woodstock 20 Wheaton Chicago Racine Kenosha Lake Michigan North Chicago Evanston 15 miles: 590, miles: 1,773, miles: 5,949,910 MAJOR ATTRACTIONS Jelly Belly Visitor s Center, Six Flags Great America, Bristol Renaissance Fair AVERAGE HH INCOME LOCATION / DIRECTIONS 30 miles: $96,488 Pleasant Prairie is conveniently located between Chicago, Illinois and Milwaukee, Wisconsin on I-94 at Exit 347. From Chicago: Take I-94W to Exit 347 (Hwy. 165) From Milwaukee: Take I-94E to Exit 347 (Hwy. 165) Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).

4 MASTER PLAN UNDER ARMOUR OLD NAVY KATE SPADE NEW YORK POLO RALPH LAUREN FACTORY STORE UGG MICHAEL KORS OUTLET COACH FACTORY STORE CALVIN KLEIN COMPANY STORE J.CREW FACTORY TOMMY HILFIGER TUMI NIKE FACTORY STORE COLUMBIA SPORTSWEAR LOFT NORTH I-94 / I-41

5 AERIAL OVERVIEW 110th AVE. 116th AVE. From SR 165/ 104th St. 120th AVE. 120th AVE. I-94 Exit to SR 165/ 104th St. From Metro Milwaukee NORTH

6 SURROUNDING AREA CENTERS Simon Centers Competition 1 Pleasant Prairie Premium Outlets 2 Algonquin Commons 3 The Arboretum of South Barrington 4 Bayshore Town Center 5 Brookfield Square 6 Charlestowne Mall 7 Clybourn Galleria 8 Deer Park Town Center 9 Fashion Outlets of Chicago 10 Glen Town Center 11 Golf Mill Shopping Center 12 Gurnee Mills 13 Harlem Irving Plaza 14 Hawthorn Mall 15 Lincolnshire Commons 16 Lincolnwood Town Center 17 Mayfair Mall 18 Northbrook Court 19 Randhurst Village 20 Regency Mall 21 The Shops at North Bridge 22 The Shops of Grand Avenue 23 Southridge Mall 24 Spring Hill Mall 25 Stratford Square Mall 26 Streets of Woodfield 27 Water Tower Place 28 Westfield Old Orchard 29 Woodfield Mall Columbus Lowell Hustisford Slinger Hartford Reeseville Clyman Jackson Grafton Cedarburg Lebanon Germantown Thiensville Waterloo Watertown Ashippun Milwaukee Bayside Marshall Lannon Fox Point Lac La Belle Merton Butler Oconomowoc Lake Hartland Sussex 4 Lake Mills rove Nashotah Shorewood Johnson Creek Oconomowoc Pewaukee 17 Elm Grove Wauwatosa Helenville 5 22 Cambridge West Milwaukee Sullivan Waukesha Rome Wales Rockdale New Berlin St Francis Fort Atkinson North Prairie Hales Corners Cudahy 23 Greendale South Milwaukee Big Bend Lake Koshkonong Palmyra Eagle Franklin Mukwonago Muskego Edgerton Whitewater Oak Creek Potter Lake Wind Lake Milton Lauderdale Lakes East Troy Tichigan Wind Point Waterford North Bay Lake Lorraine Turtle Lake Rochester Racine Eagle Lake Janesville Union Grove 20 Elkhorn Browns Lake 45 MILES nover Bohners Lake Delavan Darien 30 MILES Como Williams Bay Lake Ivanhoe Kenosha Paddock Lake Clinton 15 MILES Powers Lake Silver Lake Pleasant Prairie Beloit Walworth Sharon Genoa City Wilmot 1 South Beloit Lake Catherine Winthrop Harbor Hebron Richmond Rockton Antioch Harvard Wadsworth Roscoe Capron Chemung Pistakee Highlands Fox Lake Hills Beach Park Greenwood hesney Park Round Lake Heights 12 Waukegan Caledonia Poplar Grove McCullom Lake Third Lake Park City Hainesville Loves Park Woodstock Bull Valley Lakemoor North Chicago Holiday Hills Knollwood Belvidere Prairie Grove Island Lake Cherry Valley Garden Prairie Marengo Mundelein Crystal Lake Port Barrington Mettawa Rockford Union Indian Creek Lakewood Lake Barrington Highwood Fox River Grove Kildeer New Milford Riverwoods 15 Algonquin Barrington 2 Long 8 Grove Northbrook Davis Junction Hampshire Huntley Barrington Hills Palatine 14 Wheeling Valley Kirkland Kingston Genoa West Dundee Inverness Monroe Center 24 East Dundee 19 Kenilworth Pingree Grove Rolling Meadows 19 Glenview Des Plaines Golf28 29 Wilmette Burlington 30 Elgin 26 Park Ridge11Niles Lincolnwood South Elgin Roselle 26 Sycamore 16 Bartlett Schaumburg Rosemont Harwood Heights Hillcrest Lily Lake Virgil Wayne Hanover Park Wood Dale 9 Bensenville Norridge Creston Cortland Malta Dekalb Campton Hills St Charles 6 Glendale Heights River Grove 7 Maple Park Carol Stream Northlake Elmwood Park7 Rochelle Geneva Elburn Oak Park 21 Lombard Batavia Elmhurst North Riverside Steward Wheaton Kaneville Oak Brook Broadview Warrenville Stickney Lee Prestbury North Aurora Lisle Hinsdale Forest View Shabbona Waterman Hinckley Big Rock Indian Head Park Justice Hometown New Bu Michiana

7 OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Regency Mall Racine, WI Hawthorn Mall Vernon Hills, IL 885,000 sf Boston Store, Burlington 13.5 miles / 18 minutes 1,234,000 sf Carson s, Macy s, JCPenney, Sears 19 miles / 25 minutes Northbrook Court Northbrook, IL 1,012,000 sf Lord & Taylor, Macy s, Neiman Marcus 26 miles / 25 minutes Southridge Mall Greendale, WI 1,178,000 sf Boston Store, JCPenney, Kohl s, Macy s, Sears 36 miles / 39 minutes Mayfair Mall Wauwatosa, WI 1,070,000 sf Macy s, Nordstrom, Boston Store, AMC Theaters 44 miles / 40 minutes OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Gurnee Mills Gurnee, IL 1,936,000 sf Macy s, Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Burlington 8 miles / 15 minutes Fashion Outlets of Chicago Rosemont, IL 530,000 sf Neiman Marcus Last Call, Bloomingdale s - The Outlet Store, Barneys NY Warehouse 43 miles / 1 hour Chicago Premium Outlets Aurora, IL 688,000 sf Saks Fifth Avenue OFF 5TH 75 miles / 1 hour 25 minutes Johnson Creek Premium Outlets Johnson Creek, WI 278,000 sf 80 miles / 1 hour 25 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).