QUEENSTOWN, MARYLAND

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1 QUEENSTOWN, MARYLAND

2

3 PROPERTY OVERVIEW QUEENSTOWN PREMIUM OUTLETS QUEENSTOWN, MD MAJOR METROPOLITAN AREAS SELECT TENANTS Baltimore Annapolis: Baltimore: Washington, D.C.: RETAIL GLA (sq. ft.) 290,000; 60 stores OPENING DATES Opened June 1989 Expanded 2006 PARKING RATIO 24 miles 50 miles 53 miles adidas, Banana Republic Factory Store, Brooks Brothers Factory Store, Coach, Columbia Sportswear, Gap Outlet, J.Crew Factory, kate spade new york, LOFT Outlet, Michael Kors Outlet, Nike Factory Store, Old Navy, Polo Ralph Lauren Factory Store, St. John, Swarovski, Talbots, Tommy Bahama, Under Armour TOURISM / TRAFFIC Queenstown Premium Outlets is located 53 miles from Washington, D.C. and 24 miles from Annapolis, Maryland, and is well situated for all traffic destined to the Maryland and Delaware beach areas. Positioned in the ninth largest MSA in the country, the Washington/Baltimore/ affluent Annapolis market serves nearly 5.3 million residents in the surrounding 60-mile radius Annapolis Washington D.C. Chesapeake Bay Outlet Center Drive 404 QUEENSTOWN PREMIUM OUTLETS 3.6:1 MAJOR ATTRACTIONS QUEENSTOWN, MD RADI POPULATION Washington, D.C., Annapolis and Baltimore 15 miles: 64, miles: 832, miles: 4,113,744 LOCATION / DIRECTIONS Strategically located at the 50/301 split just 10 miles east of the Chesapeake Bay Bridge. AVERAGE HH INCOME 30 miles: $95,009 From Annapolis: Take 50E toward the Chesapeake Bay Bridge, cross the bridge and the center is located 10 miles east of the bridge at the 50/301 split From Washington, D.C.: Take I-495 Beltway to 50E which joins 301N, go across Chesapeake Bay Bridge to 50/301 split From Baltimore: Take I-97S to 50E toward the Chesapeake Bay Bridge, cross the bridge and the center is located 10 miles east of the bridge at the 50/301 split Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016). From Wilmington, DE: Take 301 south toward the Chesapeake Bay Bridge. The center is located five miles south of Maryland Rte. 213, just prior to the 301/50 merge.

4 NORTH MASTER PLAN OLD NAVY 301 / BLUE STAR MEMORIAL HWY. UNDER ARMOUR MAIN ST. EDDIE BAUER OUTLET GAP OUTLET VF OUTLET COLUMBIA SPORTSWEAR NIKE FACTORY STORE POLO RALPH LAUREN FACTORY STORE 50 / OCEAN GATEWAY

5 AERIAL OVERVIEW SR 18 / MAIN ST. 301 / BLUE STAR MEMORIAL HWY. NORTH 50 / OCEAN GATEWAY

6 SURROUNDING AREA CENTERS Simon Centers Competition Queenstown Premium Outlets Annapolis Towne Centre at Parole Arundel Mills Bowie Town Center Dover Mall Eastpoint Mall The Gallery at Harborplace Harborplace Harford Mall The Mall At Prince Georges The Mall in Columbia Marley Station Mondawmin Mall Owings Mills Mall Security Square Mall Tanger Outlet National Harbor Towson Town Center The Village of Cross Keys Waugh Chapel Towne Centre Westfield Annapolis White Marsh Mall Manchester Taneytown Bel Air North New Windsor Fallston ytown Eldersburg Owings Mills 14Garrison 14 Sykesville Mount Airy Timonium Lutherville 17 Carney 17 Pikesville Milford Mill Ellicott City Lochearn Towson Kingsville 21 Essex Catonsville Dundalk Lansdowne Baltimore Ilchester Edgemere 11 Linthicum Laytonsville Columbia Ferndale Brookeville omery Village Highland Jessup 3 Riviera Beach Washington Grove Olney North Laurel Severn 12 Spencerville Derwood Lake Shore Maryland City Gambrills Fairland Layhill Severna Park Rockville Glenmont Calverton Arden on the Severn vilah Cape St Claire Garrett Park Crownsville 19 mac Hillandale Crofton Greenbelt Berwyn Heights Damascus Quinton Townsend Fairton Galena Millington New Sudlersville Church Hill Barclay Centreville Laurel Cheswold 5 Dover Little Creek Kent Acres Rodney Village 5 Hartly Templeville Marydel Rising Sun-Lebanon Henderson WoodsideMagnolia Goldsboro Queenstown Millvil Port N Leipsic Kenton Kingstown Cedarville Smyrna Chestertown Rock Hall Olivet Seabrook Farms Rosenhayn Shiloh Bridgeton Cecilton Kennedyville Butlertown Worton Edesville Elmer Alloway Middletown Odessa Betterton Tolchester Clayton Woodstown Hancocks Bridge Aberdeen Proving Ground Riverside Perryman Edgewood Joppatowne Overlea 21 Rossville 6 6 Salem Chesapeake City Aberdeen Bowleys Quarters Glasgow Elkton Delaware City Charlestown Havre de Grace 9 Bel Air 9 Pleasant Hills Cockeysville Reisterstown ket Perryville New Castle Pennsville Bear North East Port Deposit Jarrettsville Wilmington Manor Brookside Newark Darlington Hampstead Westminster Union Bridge Mullica Hill Richwood Newport Rising Sun Pylesville Viola Riverview Felton Frederica bin John Chevy Chase University Park 20 Chester Naval Academy 2 Ridgely Greensboro Glen Echo 10 New Carrollton Stevensville Riva Grasonville Bowie Milford North Brentwood Harrington 4 Tysons Corner Highland Beach Cheverly Edgewater Queen Anne Houston Slaughter Beach immit Hills Lake Arbor Mayo Washington West Denton Largo Arlington Kettering Farmington Cordova Denton District Heights Bailey's Crossroads Silver Hill Marlboro Village Galesville 15 MILES Williston Glassmanor Upper Marlboro Shady Side Alexandria Ellendale Greenwood Deale Huntington Forest Heights St Michaels Queenland Lewes Easton Milton Hybla Valley Marlton Fort Hunt Friendship Clinton Dunkirk Henlopen Acre Bridgeville inte Woodlawn Preston North Beach Tilghman Island Owings Dewey Beac Brandywine Federalsburg Georgetown 30 MILES uan Oxford Choptank Chesapeake Beach Baden Accokeek Seaford bridge Trappe Hurlock sco Blades Bensville Long Neck Bryans Road Huntingtown Secretary Aquasco Waldorf Indian Head Eldorado Millsboro Laurel Algonquin Brookview Bethel Pomfret Eagle Harbor Dagsboro Bryantown Cambridge Prince Frederick Sharptown Bethany Bea Madison 45 MILES La Plata Frankford South Beth Benedict Port Tobacco Village Church Creek Golden Beach Vienna Selbyville Calvert Beach Taylors Island Delmar Fenwick Is Mardela Springs Bishopville St Leonard Long Beach Mechanicsville Hebron Broomes Island 10 w Beach 4 Lusby Drum Point Dahlgren Leonardtown King George Rock Point Colonial Beach Cobb Island California Lexington Park 1 Quantico Fishing Creek Elliott Salisbury Fruitland Tyaskin Jesterville Nanticoke Acres Waterview Allen Eden Whitehaven Princess Anne Parsonsburg Whaleyville Powellville Ocean Cit Ocean Pines Berlin

7 OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Parole at Town Center Annapolis, MD 2,000,000 sf P.F. Chang s, Target 24 miles / 31 minutes Westfield Annapolis Annapolis, MD 1,214,000 sf JCPenney, Lord & Taylor, Macy s, Nordstrom, Sears 24 miles / 31 minutes Marley Station Glen Burnie, MD Bowie Town Center Bowie, MD 1,100,000 sf JCPenney, Macy s, Sears 30 miles / 39 minutes 578,000 sf Macy s, Sears 36 miles / 43 minutes OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Arundel Mills Hanover, MD 1,663,000 sf Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH 44 miles / 50 minutes Tanger National Harbor Oxon Hill, MD 350,000 sf American Eagle Outfitters, Tommy Hilfiger, Nike Factory Store, Polo Ralph Lauren 57 miles / 1 hour 5 minutes Tanger Outlets - Rehoboth Beach Rehoboth Beach, DE 569,000 sf GUESS, Nike Factory Store, Michael Kors, Polo Ralph Lauren 67 miles / 1 hour 30 minutes Clarksburg Premium Outlets Clarksburg, MD 390,000 sf Saks Fifth Avenue OFF 5TH, Tory Burch 77 miles / 1 hour 19 minutes Tanger Outlets Ocean City Ocean City, MD 202,000 sf American Eagle Outfitters, Coach, Brooks Brothers, J.Crew 84 miles / 1 hour 59 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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