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

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LEE, MASSACHUSETTS

PROPERTY OVERVIEW LEE PREMIUM OUTLETS LEE, MA MAJOR METROPOLITAN AREAS Albany, NY: Springfield, MA: RETAIL GLA (sq. ft.) 225,000; 60 stores 44 miles 42 miles SELECT TENANTS American Eagle Outfitters, Aéropostale, Ann Taylor Factory Store, Banana Republic Factory Store, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Gap Outlet, Guess Factory Store, J.Crew Factory, LACOSTE Outlet, Michael Kors Outlet, Nautica, Nike Factory Store, Polo Ralph Lauren Factory Store, Skechers, Sunglass Hut, Tommy Hilfiger Company Store, Under Armour 90 88 Albany 87 Schenectady 2 Troy 90 NY MA 7 9 Pittsfield VT NH MA 91 2 Springfield To Boston MA CT 90 OPENING DATES Opened June 1997 PARKING RATIO 4.8:1 RADIUS POPULATION 15 miles: 92,425 30 miles: 356,309 45 miles: 1,870,33 60 miles: 3,827,439 AVERAGE HH INCOME 30 miles: $78,100 TOURISM / TRAFFIC The center is located at the gateway to the scenic rolling hills of the Berkshires. This Western MA cultural hub and affluent vacation locale, Albany, NY; and Hartford, CT. This region s wealthy population base includes 3.8 million people within 60 miles. This outlet destination is tax-free on clothing and shoes under $175, and is conveniently positioned just off Exit 2 of the Massachusetts Turnpike. With a traffic count of 55,000 vehicles passing the center daily, it draws millions of annual domestic, Canadian, and international visitors, which makes it Berkshire County s most popular attraction. MAJOR ATTRACTIONS Tourists visit the Berkshires year round for scenic beauty, most notably fall foliage, but also for adventure-based recreation, world-renown cultural attractions, shopping, and New England charm. The Berkshires 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), MASS MoCA, and The Clark Art Institute. To New York City 87 7 Hartford 84 LEE PREMIUM OUTLETS LEE, MA LOCATION / DIRECTIONS Lee Premium Outlets is located off of I-90 (MA Turnpike). From NY: Rte. I-90 (MA Turnpike) east to Exit 2 in Lee, MA From MA and CT: Rte. I-90 (MA Turnpike) west to Exit 2 in Lee, MA From Berkshire County: Rte. 20E in Lee, MA Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).

NORTH MASTER PLAN US 20 PREMIUM OUTLET BLVD. POLO RALPH LAUREN FACTORY STORE AMERICAN EAGLE OUTFITTERS BANANA REPUBLIC FACTORY STORE SR 102 / PLEASANT ST. TYRINGHAM RD. ANN TAYLOR FACTORY STORE GAP OUTLET NIKE FACTORY STORE UNDER ARMOUR

AERIAL OVERVIEW I-90 US 20 / WATER ST. PREMIUM OUTLETS BLVD. SR 102 LEE PREMIUM OUTLETS N

SURROUNDING AREA CENTERS Simon Centers Competition 1 Lee Premium Outlets 2 Berkshire Mall 3 Blue Back Square 4 Colonie Center 5 Crossgates Mall 6 Eastfield Mall 7 Enfield Square 8 Hampshire Mall 9 Holyoke Mall At Ingleside 10 Hudson Valley Mall 11 The Shoppes at Farmington Valley 12 Stuyvesant Plaza Gloversville Johnstown Broadalbin Fonda Fort Johnson Fultonville Windham Hunter Tannersville Galway North Ballston Spa Ballston Spa Round Lake Malden-on-Hudson Phoenicia Woodstock Saugerties South West Hurley Zena Glasco Red Hook Shokan Lake Katrine East 10 Kingston Hillside Rhinebeck Hurley Port Ewen Rosendale Hamlet Stone Ridge Rifton Staatsburg Kerhonkson Accord High Falls Hyde Park Salt Point Stillwater Victory Greenwich MechanicvilleValley Falls Scotia Mariaville Lake Niskayuna Waterford Rotterdam Esperance Duanesburg Green Island Delanson Watervliet Central Bridge Altamont Westmere 5 Colonie 4 Poestenkill 512 Albany Wynantskill Schoharie 12 Voorheesville West Sand Lake Rensselaer Averill Park Hampton Manor Middleburgh East Greenbush rattsville Preston-Potter Hollow Greenville Cairo East Glenville Palenville East Nassau Castleton-on-Hudson Nassau Ravena Coxsackie Valatie Kinderhook Chatham Ghent Stottville Lorenz Park Leeds Philmont Claverack-Red Mills Catskill Germantown Saratoga Springs Niverville Copake Lake Pine Plains Lakeville Millerton 30 MILES Millbrook Amenia Napanoch New Paltz Pleasant Valley45 MILESDover Plains Highland Fairview Clintondale Ellenville Poughkeepsie Gardiner Freedom Plains Cragsmoor Spackenkill Titusville Watchtower Crown Heights Valley Pine Bush Plattekill Hillside Lake Wallkill Wappingers Falls Hopewell Junction ngburg Walden Pawling Merritt Park Balmville Sharon Cambridge South Shaftsbury North Bennington Old Bennington Housatonic Canaan Falls Village New Milford Lenox Great Barrington 15 MILES Arlington Bennington Williamstown North Adams 2 1 Cheshire Lee Norfolk Adams Bethlehem Village Watertown Woodbury Center Winsted Readsboro Chester Wilmington Jacksonville North Granby Salmon Brook Kensington Newfane Putney Westminster Brattleboro West Brattleboro Thompsonville 7 Hinsdale Southwood Acres Broad Brook Somers New Hartford Center Weatogue Rockville Torrington Canton Valley 11 Blue Hills Collinsville Northwest Harwinton West Hartford Manchester Hartford 3 East Hartford Bantam Newington Glastonbury Center Terryville New Britain New Preston Bristol Thomaston Waterbury Huntington Russell Blandford Shelburne Falls Northampton Easthampton Town Meriden Holyoke 9 Turners Falls Millers Falls North Amherst Amherst Center 8 South Amherst Granby Chicopee Agawam Town Longmeadow 7 6 Terramuggus Lake Pocotopaug East Hampton Middletown Belchertown 6Wilbraham Keene West Swanzey Winchester Monson Center Crystal Lake South Coventry Colchester Marlborough Orange Athol Palmer Town Storrs Troy Petersham Ware Willimantic Barre North Brook South Windham Winch Baldwin Fiskdale Sturbr Holland Baltic Norwich

OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Berkshire Mall Lanesborough, MA Holyoke Mall at Ingleside Holyoke, MA 670,000 sf Regal Cinemas, Target 17 miles / 31 minutes 1,600,000 sf JCPenney, Macy s, Sears, Target 38 miles / 39 minutes The Shoppes at Farmington Valley Canton, CT 425,000 sf Barnes & Noble, Dick s Sporting Goods, Kohl s 44 miles / 67 minutes Avon Marketplace Avon, CT 79,000 sf Gap, Victoria s Secret 46 miles / 70 minutes Crossgates Mall Albany, NY 1,700,000 sf Lord & Taylor, Macy s, JCPenney, Dicks Sporting Goods 50 miles /49 minutes Hampshire Mall Hadley, MA 435,000 sf 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 276,000 sf Saks Fifth Avenue OFF 5TH, Nike Factory Store, Polo Ralph Lauren Factory Store 105 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).