ARLINGTON (METRO WASHINGTON, D.C.) - VIRGINIA

MEET THE NEWFASHION CENTRE ATPENTAGON CITY

Just minutes from the heart of Washington, D.C., Fashion Centre at Pentagon City is one of the top performing centers in the U.S. and welcomes millions of visitors to the property each year. The center is part of a dynamic, mixed-use development that includes a 12-story office tower and a Ritz-Carlton luxury hotel.

The highly anticipated, multi-phase, $75 million redevelopment of Fashion Centre at Pentagon City has recently been completed. Features include:

— A dramatic 50,000-square-foot expansion to the property along Hayes Street which includes a new feature entrance to the shopping center, a new lobby, and two levels of new retail shops, including a flagship Zara, and restaurants featuring matchbox american kitchen + spirit, Shake Shack, honeygrow, and Sugar Factory.

— A comprehensive interior renovation featuring architectural upgrades as well as new flooring and soft seating areas.

— A remodeled Dining Pavilion, which is the most productive food court in the Simon portfolio.

WORLD’S BEST BRANDS

Fashion Centre at Pentagon City is home to some of the world’s most notable brands.

Apple

Allen Edmonds

Ann Taylor

A|X Armani Exchange

Boss Hugo Boss

Coach

Cole Haan

Francesca’s

Henri Bendel

J.Crew

kate spade new york

Lush

MAC Cosmetics

Michael Kors

Microsoft

Nespresso

Sephora

Stuart Weitzman

Tourneau

Tumi

White House | Black Market

Zara

In addition, the center boasts highly productive Nordstrom and Macy’s department stores.

RETAILER RANK WITHIN THE SIMON PORTFOLIO

NUMBER OF LOCATIONS WITHIN THE SIMON PORTFOLIO COMPARABLE TO

A|X Armani Exchange 7 20 The Galleria & Lenox Square®

ALDO 5 58 The Florida Mall® & Galleria Dallas

Ann Taylor 5 41 Town Center at Boca Raton® & Lenox Square

Banana Republic 4 60 Fashion Valley & Aventura Mall

bareMinerals 1 27 Brea Mall®

BOSE 1 13 Burlington Mall®

Boss Hugo Boss 4 10 The Forum Shops at Caesars Palace® & Town Center at Boca Raton

Chipotle Mexican Grill 1 24 King of Prussia®

Cole Haan 4 9 Town Center at Boca Raton & The Westchester

Express 2 41 Menlo Park Mall & Dadeland Mall

J.Crew 15 48 Dadeland Mall & Walt Whitman Shops®

Johnston & Murphy 3 15 The Galleria & Lenox Square

kate spade new york 7 15 SouthPark & Town Center at Boca Raton

L'Occitane 5 32 Walt Whitman Shops & Fashion Valley

MAC Cosmetics 8 23 Fashion Valley & King of Prussia

Michael Kors 20 52 SouthPark & Town Center at Boca Raton

Microsoft 3 21 Aventura Mall & The Galleria

Papyrus 1 27 Lenox Square

Sephora 11 66 Lenox Square & St. Johns Town Center®

The Art of Shaving 4 31 Roosevelt Field & Lenox Square

STELLAR PERFORMANCEFashion Center at Pentagon City boasts numerous top performing retailers within the Simon fleet.

The center draws from three distinct shopper bases providing a constant flow of traffic throughout the center from day to night.

— 55% Local residents drawing from a dense, affluent local trade area.

— 25% Daytime office workers.

— 30% Tourists (Of those, 40% are international. Washington, D.C. is the 8th highest international tourist destination in the U.S.).

WHERE THEWORLD SHOPS

DYNAMIC DEMOGRAPHICS

Fashion Centre at Pentagon City draws from the areas of Arlington, Alexandria, Downtown D.C., Capitol Hill, Foggy Bottom and Georgetown.

— The Washington, D.C. metro area has the 3rd highest number of households with incomes over $150K of the top 20 major metropolitan markets. Only New York and Los Angeles have more.

— The metro has more households over $200K than the entire markets of either Austin, Texas or Charlotte, North Carolina.

— 750,000 people live within five miles of the center with average household incomes of $115,000.

20162021

1,202,0821,235,786

20162021

543,344

561,364

2021 $128,7352016

2016

$111,798

1,082,822

2016 $492,306

Source: SPG Research; trade area demographic information per STI: PopStats (2016).

Washington

Crofton

Dunkirk

Waldorf

Bethesda

Brookmont

Cabin John

Chevy Chase

Chevy Chase Section Five

Chevy Chase View

Chevy Chase Village

Forest Glen

Friendship VillageGlen Echo

Kensington

North Chevy Chase

Potomac

Silver Spring

Takoma Park

Accokeek

Adelphi

Andrews AFB

Berwyn Heights

Bladensburg

Bowie

Brandywine

Brentwood

Camp Springs

Capitol Heights

Carmody Hills-Pepper Mill Village

Cheverly

Chillum

Clinton

Colmar Manor

District Heights

East Riverdale

Edmonston

Fairmount Heights

Forest Heights

Forestville

Fort Washington Friendly

Glenarden

Glenn Dale

Goddard

Greater Upper Marlboro

Hillandale

Hillcrest Heights

Hyattsville

Kettering

Lake Arbor

Landover Hills

Langley Park

Lanham-Seabrook

Largo

Marlow Heights

Marlton

Mitchellville

Morningside

Oxon Hill-Glassmanor

Rosaryville

Springdale

Suitland-Silver Hill

Temple Hills

University Park

Upper Marlboro

Woodlawn

Woodmore

Arlington

Annandale

Belle HavenBurkeClifton

Dunn Loring

Fort Belvoir

Fort Hunt

Franconia

Great Falls

Groveton

Herndon

Huntington

Hybla Valley

Idylwood

Je�erson

Lake Barcroft

Lincolnia

Lorton

Mantua

McLean

Merri�eld

Mount Vernon

Newington

North Spring�eld

Oakton

Pimmit Hills

Reston

Rose Hill

Seven Corners

Vienna

West Spring�eld

Wolf Trap

Lake RidgeOccoquan

Woodbridge

Alexandria

Fairfax

Falls Church

TRADE AREA BOUNDARY

2

16

7

12

9

14

6

4

15

51

11

295

95

66

495

495

N0 5

MILES

3

8

10

13

TRADE AREA & COMPETITION

1 Fashion Centre at Pentagon City

2 Ballston Common Mall

3 Bethesda Row

4 Bowie Town Center

5 Fair Oaks Mall

6 Mall at Prince Georges

7 Mazza Gallerie

8 Mosaic District

9 Potomac Mills

10 Shops at Georgetown Park

11 The Shops at Wisconsin Place

12 Spring�eld Town Center

13 Tanger National Harbor

14 Tysons Corner Center

15 Tysons Galleria

16 West�eld Montgomery

Simon CentersCompetition

THE BUSINESS OF BUSINESS

Fashion Centre at Pentagon City attracts not only area residents, but also a substantial daytime population from the high concentration of office space surrounding the site.

13 million square feet of office space is within two miles of the center and that number jumps to 22 million square feet within five miles, including:

The Pentagon6.5M Square feet of office space26,000 Total daily workers

Crystal City12M Square feet of office space45,000 Total daily workers

Metro Tower at Pentagon City170,000 Square feet of office space1,000 Total daily workers

—900,000 workers are within five miles of the center.

— Daytime population is boosted by direct access to and from the Blue and Yellow Metro lines (30k passengers on a daily basis). Fashion Centre at Pentagon City is the #2 Metro stop on the Virginia side of the system (Rosslyn is #1).

— Nearby Ronald Reagan Washington International Airport saw domestic commercial passenger activity increase 3.4% in 2016.

M

M

M

M

RONALD REAGANWASHINGTON

INTERNATIONALAIRPORT

THE PENTAGON

POTOMAC RIVER

CRYSTAL CITYTHE FASHION CENTRE

AT PENTAGON

WASHINGTON D.C.

NORTH

DESTINATION SHOPPING

Washington, D.C. is second only to New York as the most visited city in the nation and is one of the most popular tourist destinations in the world. On average, 20 million tourists visit the nation’s capital annually.

In 2015, Washington, D.C. welcomed:

— A record breaking 21.3M visitors.

— Two million international visitors.

— International visitation increases of 10% Y/Y and a 100% increase over the last decade.

— 300,000 annual visitors from China, which overtook the UK in 2013 as the number one country of international visitor origin.

In 2015, Washington, D.C. combined domestic and international visitor spending was $7.1 billion, an increase of 4.3% over 2014.

— Domestic spending increased 4.4% to $5.2 billion in 2015.

— International spending increased 3.6% to $1.9 billion in 2015.

— Approximately 40 hotels with a combined 14,000 hotel rooms are within a short distance of the center including the on-site Ritz Carlton with 366 luxury rooms and 21 suites.

— The center is close to numerous tourism destinations including the Smithsonian, historic monuments, and the National Mall.

WHAT’S NEXT AT FASHION CENTRE ATPENTAGON CITY

Plans are currently underway to recapture existing GLA and create a destination area focused on entertainment and dining experiences.

WHY FASHION CENTRE AT PENTAGON CITY

One of the top performing centers in the United States.

Highly productive department stores include Macy’s and Nordstrom.

Includes stores such as Apple, Hugo Boss, Cole Haan, Free People, Henri Bendel, J.Crew, kate spade new york, Lush, Microsoft, Stuart Weitzman, Tumi and Tourneau.

The most productive food court in the Simon portfolio.

Recently completed $75+ million renovation and expansion of property that includes 53,000 square feet of new GLA featuring Shake Shack, 2-level Zara, Matchbox American Kitchen + Spirit, honeygrow, and Sugar Factory.

In Washington, D.C. Metro, the 3rd highest market in the U.S. for number of households with incomes over $150k (only New York and Los Angeles have more).

Average household income $115k. 750,000 people within 5 miles.

13 million square feet of office space within 2 miles, including the U.S. Pentagon.

170,000-square-foot Metro Tower at Pentagon City is attached to the center. 1,000 employees work in the tower.

900,000 workers within 5 miles of the center.

Direct access to Blue and Yellow Metro lines (30k passengers on a daily basis), #2 Metro stop on the Virginia side of the system (Rosslyn is #1).

Close proximity to local tourism destinations (Smithsonian, Monuments, National Mall, etc.).

Tourism component makes up 30% of our shoppers at the mall. 40% of tourists are international.

40 hotels (with 14,000 hotel rooms) within short proximity to center, including on-site Ritz Carlton (366 luxury rooms and 21 suites).

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APPENDIX

FASHION CENTRE AT PENTAGON CITY—PHASE I

FASHION CENTRE AT PENTAGON CITY—PHASE I

FASHION CENTRE AT PENTAGON CITY—PHASE I

FASHION CENTRE AT PENTAGON CITY—PHASE I

FASHION CENTRE AT PENTAGON CITY—PHASE I

FASHION CENTRE AT PENTAGON CITY—PHASE I

FASHION CENTRE AT PENTAGON CITY—PHASE I

FASHION CENTRE AT PENTAGON CITY—PHASE I

FASHION CENTRE AT PENTAGON CITY—PHASE I

Fashion Center at Pentagon City presents a unique opportunity for your brand.

Please contact the following leasing professional for more information:

Greg Bradbury(484) 679-2371 gbradbury@simon.com

UNPRECEDENTED OPPORTUNITIES