How To Build A Flagship Shopping Center In New York City

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2 CENTER OVERVIEW Less than 8 miles north of Manhattan, Paragon Outlets New York City will be a flagship center situated at the intersection of several major highways in the Bronx. This state of the art multi-level center will showcase over 50 global brands in an open air environment full of welcoming pedestrian plazas and picturesque greenscapes. An adjacent parking structure offers added convenience to shoppers enjoying the significant savings offered by a diverse collection of retailers. The annual average daily traffic counts exceed 357,940 vehicles. The site, located north of Queens and south of Westchester, is easily accessible from New Jersey and Connecticut less than 10 miles and under 17 miles respectively. New York is the most populous city in the country, with over 8.3 million people from all over the world calling it home. Considered a global power city and the cultural capital of the world, New York wields a significant impact on commerce, art, education, fashion, finance, technology, media, research and entertainment. From the five boroughs to individual city blocks, New York City is a worldwide destination for luxury shopping, world-class dining, acclaimed museums, events including film festivals, concerts and Broadway productions, and iconic sights such as the Statue of Liberty and Times Square. Tourism brings $55 billion into the city s economy and ranks as New York s 5th largest industry, ahead of media and fashion. By the end of 2012 New York tourism reached a record 52 million visitors (41 million domestic, 11 million international), with direct visitor spending reaching $36.9 billion, making it the strongest of the largest 25 U.S. markets by occupancy. At 87%, the city has one of the highest hotel occupancy rates in the country with 91,500 active hotel rooms. Home of the Yankees, The Bronx has a distinctive vitality and strong sense of pride. It is the northernmost of New York s 5 boroughs and the only one located primarily on the mainland. Full of culturally rich neighborhoods and over 1.4 million people, The Bronx is the 3rd most densely populated county in the country. A quarter of the Bronx area is open space such as the 1,146-acre Van Cortlandt Park, New York Botanical Gardens and the famous Bronx Zoo, the largest metropolitan zoo in the country and home to 6,000 animals. A revitalization has occurred throughout the borough in recent years, as evidenced by the increase of affluent and middle to upper class neighborhoods.

3 JUST THE FACTS PROPERTY INFORMATION LOCATION: 2505 Bruckner Boulevard Bronx, New York, GLA: 375,000 sq. ft. OPENING: 2016 DEMOGRAPHICS RADIUS POPULATION AVERAGE HOUSEHOLD INCOME 10 mile 5,360,914 $80, mile 9,040,566 $81, mile 12,076,983 $82, mile 15,001,716 $87, mile 18,338,509 $91, mile 19,118,673 $92, mile 20,686,567 $92,418

4 LOCATION MANHATTAN mile miles 3 miles Site is located at 2505 Bruckner Boulevard, Bronx, New York, , (Per ESRI)

5 AERIAL HUTCHINSON RIVER PARWAY 70,000 vehicles daily TWO LEVEL ,000 vehicles daily ,490 vehicles daily 69,450 vehicles daily 295 BRONX NY MANHATTAN 678 Site is located at 2505 Bruckner Boulevard, Bronx, New York, N , (Per ESRI) W E S

6 Full Price Malls The Mall at Bay Plaza (opening 2014) Owner: Welco Realty, Inc. 2.7 straight miles / 3.8 drive miles JCPenney, Macy s 2 - Bay Terrace at Bayside Owner: Cord Meyer Development 4.95 straight miles / 6.25 drive miles Barnes & Noble, Waldbaums 3 - Queens Center Owner: Macerich 6.7 straight miles / 8.6 drive miles Macy s, JCPenney 4 - Cross County Shopping Center Owner: Macerich 6.68 straight miles / drive miles Macy s, Old Navy, Sears 5 - Vernon Hills Owner: Bianco & Pepe, Inc straight miles / drive miles Lord & Taylor 6 - Westchester s Ridge Hill Owner: Forest City 9.08 straight miles / drive miles Dick s Sporting Goods, Lord & Taylor, Whole Foods 7 - Americana Manhasset Owner: Castagna Realty Co., Inc straight miles / drive miles Hirshleifers 8 - Green Acres Mall Owner: Macerich straight miles / drive miles JCPenney, Kohl s, Macy s, Sears 9 - The Westchester Owner: Simon Property Group 14.7 straight miles / 17.6 drive miles Neiman Marcus, Nordstrom, Crate & Barrel 10 - Roosevelt Field Mall Owner: Simon Property Group straight miles / drive miles Bloomingdales, Dick s Sporting Goods, JCPenney, Macy s, Nordstrom 11 - King s Plaza Owner: Macerich straight miles / drive miles Macy s, Sears

7 OUtlet & Value Centers Bergen Town Center Owner: Vornado 12.6 straight miles / 14.5 drive miles Marshall s, Nordstrom Rack, Whole Foods, Bloomingdale s Outlet, Century 21, Saks Fifth Avenue OFF 5th, Last Call Studio Neiman Marcus 2 - Jersey Gardens Owner: Simon Property Group 20.8 straight miles / 29.1 drive miles Neiman Marcus Last Call, VF Outlet, and Saks Fifth Avenue Off 5th 3 - Deer Park Owner: Tanger 28.5 straight miles / 35.7 drive miles Saks Fifth Avenue OFF 5th, Neiman Marcus Last Call 4 - Woodbury Commons Owner: Simon Property Group 36.8 straight miles / 46.2 drive miles Saks Fifth Avenue OFF 5th, Neiman Marcus Last Call 5 - Riverhead Owner: Tanger 59.2 straight miles / 66.6 drive miles Saks Fifth Avenue OFF 5th, Pottery Barn Outlet, Banana Republic Factory Store

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11 ACCESS / PUBLIC TRANSPORTATION

12 RENDERINGS BRONX NY BRONX NY