CHICAGO PREMIUM OUTLETS

CHICAGO PREMIUM OUTLETS

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.

PROPERTY OVERVIEW CHICAGO PREMIUM OUTLETS AURORA, IL MAJOR METROPOLITAN AREAS Chicago: RETAIL 30 miles east GLA (sq. ft.) 688,000; 180 stores OPENING DATES Opened May 2004 Expansion Opened August 2015 SELECT TENANTS Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Armani Outlet, Banana Republic Factory Store, Calvin Klein Company Store, Coach Factory Store, Diesel, DKNY Company Store, Dooney & Bourke, Gap Outlet, HUGO BOSS Factory Store, kate spade new york, Kenneth Cole Company Store, LACOSTE Outlet, MaxMara Outlet, Michael Kors Outlet, NikeFactoryStore, Polo Ralph Lauren Factory Store, Salvatore Ferragamo Company Store, TAG Heuer, Theory Outlet, Tommy Hilfiger Company Store, True Religion, Under Armour Factory House, Vera Bradley TOURISM / TRAFFIC Farnsworth Ave. Elgin Aurora 59 90 Schaumburg Ronald Reagan Memorial Tollway Naperville Northwest Tollway 355 290 88 Chicago O'Hare Elmhurst Downers Grove 190 294 Tri-State Tollway 55 90 94 Skokie Chicago Eisenhower Expwy. 290 Midway Airport Lake Michigan 90 94 RADIUS POPULATION 15 mile population: 1,306,932 30 mile population: 5,114,672 45 mile population: 8,792,778 Chicago is a major tourist and convention destination. Over 48 million business and leisure travelers visit Chicago annually, of which approximately 1.38 million are international. O Hare International Airport logs over 70 million passengers per year, with Midway contributing another 21 million. CHICAGO PREMIUM OUTLETS AURORA, IL 294 AVERAGE HH INCOME 30 mile average: $86,095 Attractions in the Chicago area include Navy Pier, Lincoln Park Zoo, Art Institute of Chicago, Field Museum of Natural History, Wrigley Field, Willis Tower and John G. Shedd Aquarium. These top attractions alone account for over 20 million visits annually. The City of Aurora, with a current population of 199,000, is the second largest city in Illinois after Chicago. Local attractions to the Aurora area include Hollywood Casino, Paramount Arts Centre and Two Brothers Roundhouse. Average daily traffic count on I-88 passing the site is 93,600. LOCATION / DIRECTIONS Located 30 miles west of Chicago in Aurora, IL. Take I-88 (East-West Tollway) west to N. Farnsworth Avenue Exit (full interchange). Access to property via signalized intersection at N. Farnsworth Avenue, approximately 1 4 mile north of I-88 to entrance. Information accurate as of 12/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

SITE AND PLAN BILTER RD. N. FARNSWORTH AVE. PREMIUM OUTLETS BLVD. I-88 NORTH

T 75' - 0" 1700 7500 SF 545 2168 SF FD PUBLIC TOILETS FD FD Abercrombie 1300 7418 SF 45' - 0 5/8" Tilly's 585 5000 SF Vince 547 2970 SF AG Jeans 549 3000 SF 582 2414 SF Express 1310 7234 SF Max Studio 551 2800 SF Quiksilver 580 4509 SF Vince Camuto 553 2600 SF Ted Baker American Eagle 1330 9685 SF OPEN COURT 34' - 6" 30' - 0" 28' - 0" 26' - 0" 25' - 0" 25' - 0" 22' - 0" 23' - 0" 25' - 0 5/8" 555 2500 SF DVF 557 Guess 575 11585 SF Tumi 559 2500 SF 2200 SF Robert Graham 561 Sam Edelman 1350 2200 SF PUBLIC TOILETS Body Shop 563 2007 SF 1539 SF Coach 573 10100 SF Cole Haan 568 3800 SF Micheal Kors 565 5400 SF J Crew 1360 8837 SF 7' - 11 3/8" 108' - 0 5/8" Helzberg 570 1500 SF Saks 1600 210' - 0" 27830 SF Under Armour 1400 11003 SF Tommy Bahama 1800 5500 SF Burberry 1810 5000 SF Gucci 1820 4700 SF Tory Burch 1830 5000 SF Victorinox 1420 3600 SF Salomon 1430 2683 SF Burton 1440 3443 SF OPEN COURT 8' - 26' 0" - 11 7/8" 33' - 0 1/8" 36' - 0" Janie & Jos A. Jack Bank Haggar PUBLIC TOILETS 8' - 0" OPEN COURT 40' - 0" 26' - 3 3/8" 46' - 11 5/8" New Balance 1620 4009 SF 1880 1539 SF Crazy 8 1835 2032 SF 1875 2915 SF 1630 2504 SF 1840 3918 SF Charlotte Russe 1640 4500 SF 1870 3443 SF Hanna Anderson 1845 3000 SF 1445 2335 SF Columbia Sportswear 1450 8500 SF 25' - 0" 83' - 0" Steve Madden 1867 2500 SF Old Navy 1850 10800 SF North Face 1865 8193 SF Forever 21 1660 10825 SF 60' - 8" 1500 1865 SF 1510 11247 SF PUBLIC TOILETS Premium Outlet Blvd. BLDG 4 ENTRY PLAZA 72' - 0" 108' - 0" 36' - 0" 8' - 0" 28' - 0" 36' - 0" 108' - 0" BLDG 13 101' - 6 1/2" OPEN PROMENADE BLDG 14 ENTRY PLAZA BLDG 1 BLDG 2 BLDG 12 BLDG 3 BLDG 12 BLDG 5 24' - 1 5/8" 45' - 1" 24' - 0" BLDG 5 95' - 0" 54' - 0" 38' - 0" 116' - 0" GRAND PROMENADE 50' - 0" 47' - 0" 56' - 0" 55' - 0" 95' - 0" 95' - 0" 23' - 7 7/8" 40' - 11 3/8" 31' - 4 7/8" 108' - 0" BLDG 18 BLDG 15 BLDG 11 ENTRY PLAZA 132' - 0" ENTRY PLAZA BLDG 6A BLDG 16 FEATURE POND BLDG 9 BLDG 8 BLDG 17 I-80 N

SURROUNDING AREA CENTERS South Beloit Rockton Roscoe Chemung Capron Winthrop Harbor Zion Wadsworth Beach Park Fox Lake Hills 15 Greenwood Johnsburg Round Lake Heights 14 McCullom Lake Third Lake Machesney Park Caledonia Poplar Grove Loves Park Lakemoor Bull Valley Hainesville Rockford 6 LibertyvilleKnollwood Mundelein Mettawa Port Barrington 36 Union Indian Creek Lakewood Cary Forest Lake Highwood Lincolnshire Fox River Grove Kildeer 17 Algonquin Riverwoods Barrington 9 Long Grove Northbrook 2 21 Glencoe Barrington Hills Huntley Wheeling Hampshire Gilberts Inverness Prospect Heights Winnetka 30 Kenilworth East Dundee 12 Pingree Grove Glenview Rolling Meadows27 3 Golf37 13 38 Burlington Des PlainesMorton Grove 32 Elgin Park Ridge 18 Lincolnwood Bartlett SchaumburgElk Grove Village Wood Dale Harwood Heights Hanover Park Virgil Campton Hills Wayne 15 Bensenville 31 New Milford on Stillman Valley Monroe Center Kirkland Sycamore Creston 22 24 Malta Cortland Rochelle Ashton 31 11 12 Geneva 5 39 33 Kaneville Shabbona Waterman Hinckley Aurora Prestbury Big Rock 32 West Chicago Glen Ellyn 34 38 14 20 16 88 35 34 29 30 Elmwood Park Northlake River Forest Elmhurst Forest Park 22 20 Riverside Chicago Forest View Hinsdale Summit Indian Head Park 10 4 Justice Burr Ridge Bolingbrook Hometown Willow Springs 26 7 Ridge Chicago Lisle 35 36 15 MILES Montgomery Paw Paw 13 28 Oak Brook 23 39 25 40 Warrenville 33 1 23 10 Glendale Heights Batavia Lee West Brooklyn 3 St 5 Charles Elburn 19 9 2 Maple Park Steward ove 37 17 Kingston Hillcrest Simon Centers Competition North Chicago Garden Prairie Marengo Cherry Valley 6 SURROUNDING AREA CENTERS Waukegan Park City Holiday Hills Island Lake Winnebago Aurora 11 4 Naperville 27 7 Woodridge Merrionette Park Plano Whiting Palos Park Palos Heights Calumet Park East Chicago Yorkville CrestwoodRiverdale Sandwich Burnham Romeoville Posen 24 Somonauk 25 PhoenixCalumet City Millbrook 28 Lockport Orland Hills East Hazel Crest 19Lawns Crystal Fairmont Millington Country Club Hills Orland Park Joliet Highland Glenwood Newark Plattville Sheridan Ingalls Park Shorewood Matteson Ford Heights Rockdale 16 Park Forest Sauk Village Frankfort Lisbon Schererville University Park Crete Willowbrook Minooka Manhattan Monee Elwood Channahon Oswego Sublette Leland Earlville 30 MILES Mendota le Lake Catherine Richmond Fox Lake Hebron 26 29 21 Gary New Chic Hoba 18 ington Troy Grove Cherry ille 45 MILES Dayton Ladd Dalzell Spring Valley North Utica Morris Ottawa Naplate Symerton Marseilles Oglesby Peotone Lakes of th Cedar Lake Lake Dalecarlia Lowell Coal City Lakewood Shores Mark Standard Mazon Grand Ridge Godley Manteno Grant Park Verona Tonica McNabb Beecher Seneca Me Kinsman Leonore Ransom Gardner East Brooklyn Schneider Bradley Momence Shelby Rosela 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Chicago Premium Outlets Algonquin Commons The Arboretum of South Barrington Burr Ridge Village Center Charlestowne Mall Cherryvale Mall Chicago Ridge Mall Clybourn Galleria Deer Park Town Center Fashion Outlets of Chicago Ford City Mall Geneva Commons Glen Town Center Golf Mill Shopping Center Gurnee Mills Harlem Irving Plaza Huntley Outlet Center Lincoln Mall Lincolnshire Commons Lincolnwood Town Center Louis Joliet Mall North Riverside Park Mall Northbrook Court Northland Plaza Oakbrook Center Orland Square The Promenade Bolingbrook Randhurst Village River Oaks Center The Shops at North Bridge Spring Hill Mall Stratford Square Mall Streets of Woodfield Town Square Wheaton Water Tower Place Westfield Fox Valley Westfield Hawthorn Westfield Old Orchard Woodfield Mall Yorktown Center

OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Westfield Fox Valley Aurora, IL 1,500,000 sf Carson s, JCPenney, Macy s, Sears 10 miles / 20 minutes Oakbrook Center Oakbrook, IL 2,000,000 sf Lord & Taylor, Macy s, Nordstrom, Sears, Neiman Marcus 20 miles / 35 minutes Yorktown Center Lombard, IL 1,450,000 sf Carson s, JCPenney, Von Maur 22 miles / 30 minutes Woodfield Mall Schaumburg, IL 2,173,000 sf Nordstrom, Macy s, Lord & Taylor, JCPenney, Sears 35 miles / 40 minutes N. Michigan Avenue Chicago, IL Orland Square Orland Park, IL 3,000,000 sf Macy s, Nordstrom, Saks Fifth Avenue 35 miles / 50 minutes 1,232,000 sf Carson s, Macy s, JCPenney, Sears 35 miles / 54 minutes OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Huntley Outlet Center Huntley, IL Fashion Outlets of Chicago Rosemont, IL 279,000 sf 30 miles / 40 minutes 530,000 sf 36 miles / 50 minutes Gurnee Mills Gurnee, IL 1,918,000 sf Macy s, Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Burlington 65 miles / 1 hour 10 minutes Pleasant Prairie Premium Outlets Pleasant Prairie, WI Lighthouse Place Premium Outlets Michigan City, IN 403,000 sf 75 miles / 1 hour 25 minutes 455,000 sf 95 miles / 2 hours

60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 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).