PHOENIX PREMIUM OUTLETS



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PHOENIX 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 PHOENIX PREMIUM OUTLETS CHANDLER, AZ MAJOR METROPOLITAN AREAS SELECT TENANTS 60 101 Phoenix: Scottsdale: Tucson: Flagstaff: Las Vegas, NV: RETAIL GLA (sq. ft.) 356,000; 90 stores Expansion GLA (sq. ft.) 55,000 OPENING DATES Opened 2013 Expansion Opening 2016 RADIUS POPULATION 15 miles 20 miles 100 miles 150 miles 300 miles 15 mile population: 1,340,901 30 mile population: 3,707,383 45 mile population: 4,350,566 AVERAGE HH INCOME 30 mile average: $74,317 Saks Fifth Avenue OFF 5TH, adidas, Armani Outlet, Banana Republic Factory Store, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, DKNY Company Store, Elie Tahari Outlet, Gap Factory Store, HUGO BOSS Factory Store, kate spade new york, Levi s Outlet Store, Michael Kors Outlet, NikeFactoryStore, Puma, Tommy Hilfiger Company Store, Under Armour Factory House MARKET INFORMATION / TOURISM Phoenix, known as the Valley of the Sun, is the fifth most populated U.S. city and the largest city in Arizona. The metro area s population is over 3.4 million, ranking 12th among the U.S. MSAs. Sky Harbor International Airport is the ninth busiest in the U.S., serving over 42 million passengers annually. Phoenix has more than 325 sunny days a year and an average temperature of 74 degrees making it a popular tourist destination. Maricopa County exceeds 3.2 million, representing 60% of Arizona s total population. The county hosts more than 11 million visitors each year. Leisure activities include all major sporting teams (baseball, basketball, football, and hockey), world-class golf resorts and luxury spas. Adjacent to the outlet center is the Wild Horse Pass Hotel and Casino featuring 242 rooms with a 100,000-square-foot casino. Wild Horse Pass also features the Sheraton Wild Horse Pass Resort with 500 rooms and over 100,000 square feet of event and meeting space; the Aji Spa; the Whirlwind Golf Club, a 36-hole facility; and the 1,000-acre Koli Equestrian Center. Daily traffic count at the intersection is 88,000 vehicles. Wild Horse Pass is a unique destination offering panoramic views of the mountains, desert and wild horses that roam the area. The area showcases the rich cultural heritage, art and legends of the Pima and Maricopa Tribes. 10 17 PHOENIX PREMIUM OUTLETS CHANDLER, AZ 51 Phoenix 202 347 347 87 Scottsdale 202 60 101 Chandler 10 60 LOCATION / DIRECTIONS Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). The property is located on I-10 south of Loop 202 at Wild Horse Pass Blvd. on the Gila River Indian Community. From Phoenix: I-10S to Exit 162 (Wild Horse Pass Blvd.)

SITE AND PLAN E. PECOS RD. From Downtown Phoenix I-10 / MARICOPA FWY. PREMIUM OUTLETS WAY Wild Horse Pass Blvd. Access From I-10 NORTH Wild Horse Pass Hotel & Casino

To W. Willis Rd. Premium Outlets Way Premium Outlets Way I-10 / Maricopa Fwy. To Wildhorse Resort & Casino

SURROUNDING AREA CENTERS Black Canyon City Rye Deer Creek Wickenburg Morristown Wittmann Peoria Surprise Buckeye Tonopah Wintersburg Arlington Gila Bend Sun City West 3 New River 12 Anthem Cave Creek Carefree 21 Scottsdale Jakes Corner Tonto Basin Rio Verde Sun City 3 Phoenix 10 20 Glendale Fountain Hills El Mirage 14 Youngtown 15 11 15 Paradise Valley Citrus Park 23 23 4 4 19 7 Tolleson 24 Apache Junction Avondale Tempe Mesa 22 Maricopa Colony Guadalupe 2 8 6 22 16 Gold Canyon 16 St Johns Chandler Komatke 55 Gilbert 18 Queen Valley Goodyear Gila Crossing 1 Queen Creek Santa Cruz 9 Sun Lakes 15 MILES San Tan Valley Goodyear Village Sacate Village Stotonic Village Sweet Water Village Upper Santan Village Casa Blanca Sacaton 30 MILES Sacaton Flats Village Florence Ak-Chin Village Maricopa Blackwater 10 20 Roosevelt Superior Rock Ho Top-of-the-Wo K SURROUNDING AREA CENTERS Simon Centers Competition 1 Phoenix Premium Outlets 2 Arizona Mills 3 Arrowhead Towne Center 4 Biltmore Fashion Park 5 Chandler Fashion Center 6 Dana Park Village Square 7 Desert Sky Mall 8 Fiesta Mall 9 Fulton Ranch Towne Center & Promenade 10 Kierland Commons 11 Metrocenter 12 Outlets at Anthem 13 The Outlets at Casa Grande 14 Paradise Valley Mall 15 Park West 16 Power Square Mall 17 Promenade Casa Grande 18 SanTan Village 19 Scottsdale Fashion Square 20 Scottsdale Quarter 21 The Shops at Norterra 22 Superstition Springs Center 23 Tanger Outlets Westgate Phoenix 24 Tempe Marketplace Coolidge Cactus Forest Theba 45 MILES Casa Grande 17 13 17 13 Vaiva Vo Arizona City Chuichu Eloy Picacho Kohatk Tat Momoli Red Rock

OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Chandler Fashion Center Chandler, AZ SanTan Village Gilbert, AZ 1,300,000 sf Dillard s, Macy s, Nordstrom, Sears 7 miles / 8 minutes 1,100,000 sf Dillard s, Macy s 18 miles / 22 minutes Fiesta Mall Mesa, AZ 1,037,000 sf Dillard s Clearance Center, Sears 18 miles / 22 minutes Scottsdale Fashion Square Scottsdale, AZ 1,800,000 sf Dillard s, Macy s, Neiman Marcus, Nordstrom, Barneys New York 20 miles / 25 minutes Biltmore Fashion Park Phoenix, AZ 611,000 sf Macy s, Saks Fifth Avenue 20 miles / 25 minutes Kierland Commons Scottsdale, AZ 305,000 sf Banana Republic, Barnes & Noble, Crate & Barrel 31 miles / 38 minutes OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Arizona Mills Tempe, AZ 1,240,000 sf Neiman Marcus Last Call, Sports Authority 9 miles / 12 minutes Tempe Marketplace Tempe, AZ Tanger Outlet Center Glendale, AZ Outlets at Anthem Anthem, AZ 400,000 sf 17 miles / 24 minutes 350,000 sf 42 miles / 48 minutes 330,000 sf 55 miles / 1 hour

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).