LEE PREMIUM OUTLETS®

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:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive 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.

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:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive 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.

THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

PROPERTY OVERVIEW

Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

LEE PREMIUM OUTLETS®

LEE, MA

MAJOR METROPOLITAN AREAS

Albany: 44 miles Springfield: 42 miles

RETAIL

GLA (sq. ft.) 225,000; 60 stores

OPENING DATES

Opened June 1997

PARKING RATIO

4.8:1

RADIUS POPULATION

15 mile population: 93,154 30 mile population: 355,058 45 mile population: 1,864,288

AVERAGE HH INCOME

30 mile average: $76,308

SELECT TENANTS

Ann Taylor Factory Store, Banana Republic Factory Store, BCBGMAXAZRIA, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Cole Haan Outlet, J.Crew Factory, LACOSTE Outlet, Lindt Chocolate of Switzerland, Michael Kors Outlet, Nautica, NikeFactoryStore, Polo Ralph Lauren Factory Store, SKECHERS USA, Talbots, Tommy Hilfiger Company Store, Under Armour Factory House

TOURISM / TRAFFIC

Located at the scenic gateway to the Berkshires, the center is a frequent day trip from Springfield, MA, Albany, NY, and Hartford, CT. This area’s wealthy population base includes 3.8 million people within 60 miles. This outlet destination is a tax-free shopping mecca, 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 visitors, which makes it Berkshire County’s largest attraction.

MAJOR ATTRACTIONS

Tourists visit the Berkshires for the mountains, lakes, shopping and small-town charm. Nearby Lenox is home to top-ranked Canyon Ranch Resort and Cranwell Resort Spa & Golf Club. Other regional attractions include Norman Rockwell Museum, Tanglewood, Hancock Shaker Village and Shakespeare & Company.

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

Hartford

VTNH

MA

MACT

MA

NY

7To Boston

To New York City

Albany

SpringfieldPittsfield

Troy

Schenectady

84

90

87

87

90

90

88 91

7

2

9

2

LEE PREMIUM OUTLETSLEE, MA

US 20 / WATER ST.

I-90

SR 102

PREMIUM OUTLETS BLVD.

NO

RTH

SITE AND PLAN

DN

I-90

BrattleboroWest Brattleboro

Newfane

Westminster

Jacksonville

Putney

WilmingtonBennington

North BenningtonOld Bennington

South Shaftsbury

Arlington

Readsboro

Galway

ngburg

Waterford

Merritt Park

Hopewell Junction

Phoenicia

Valley Falls

Malden-on-Hudson

Fultonville

Esperance

Victory

Leeds

Hillside Lake

Millerton

Fonda

Delanson

Hampton Manor

East Kingston

Dover Plains

Nassau

Titusville

Castleton-on-Hudson

Watchtower

Fort Johnson

Hillside

Crown Heights

North Ballston Spa

Salt Point

Mechanicville

Green Island

Pleasant Valley

Niskayuna

Staatsburg

Round Lake

Red Hook

Tannersville

Broadalbin

Saugerties South

Wappingers Falls

Altamont

Rifton

Hyde ParkHigh Falls

Philmont

Chatham

Middleburgh

Napanoch

Amenia

Valatie

Freedom Plains

Stillwater

Greenwich

Ravena

Montgomery

Watervliet

Rhinebeck

Ghent

Ballston Spa

Schoharie

Cambridge

New Paltz

Hunter

Spackenkill

Scotia

Central Bridge

Windham

Millbrook

Rosendale Hamlet

Lorenz Park

Walden Pawling

l

Kinderhook

Voorheesville

Pine Bush

Balmville

Valley

Pine PlainsLake Katrine

Wynantskill

Duanesburg

Glasco

Coxsackie

Plattekill

East Greenbush

Germantown

Port Ewen

Catskill

Zena

Claverack-Red Mills

Averill Park

Wallkill

Westmere

Palenville

Colonie

Niverville

Accord

Greenville

Rensselaer

Fairview

West Hurley

Gardiner

Shokan

rattsville

StottvilleCairo

Cragsmoor

East Nassau

West Sand Lake

Johnstown

Gloversville

Highland

Stone Ridge

Kerhonkson

Hurley

ClintondalePoughkeepsie

Woodstock

Poestenkill

Mariaville Lake

Rotterdam

East Glenville

Ellenville

Preston-Potter Hollow

Copake Lake

Albany

Saratoga Springs

Troy

Marlborough

Hinsdale

West Swanzey

JWinchester

Keene

Newington

Norfolk

Bantam

Thomaston

Blue Hills

TerramuggusBaltic

Falls Village

Canaan

Rockville

Canton Valley

Woodbury Center

Watertown

SomersThompsonville

East Hampton

Terryville

Sharon

Salmon Brook

Weatogue

South Windham

South Coventry

New Hartford Center

New Milford

Collinsville

Lakeville

Lake Pocotopaug

Southwood Acres

Colchester

WillimanticGlastonbury Center

Winsted

Kensington

Storrs

Broad Brook

Manchester

New Preston

Crystal Lake

Bethlehem Village

North Granby

Northwest Harwinton

New Britain

HartfordEast Hartford

West Hartford

Meriden

Bristol

WaterburyNorwich

Torrington

Middletown

Chicopee

CheshireMillers Falls

Housatonic

Blandford

Petersham

Lee

Great Barrington

ChesterNorth Brook

Barre

Lenox

North Amherst

Turners Falls

Adams

Russell

Winch

BaldwinShelburne Falls

Fiskdale

Holland

Monson Center

Williamstown

Granby

South Amherst

Huntington

Amherst Center

Belchertown

Sturbr

Wilbraham

Orange

Ware

Athol

Longmeadow

Easthampton Town

North Adams

Holyoke

Agawam Town

Palmer Town

Northampton

2

3

45

6

7

8

9

10

12

1111

3

7

69

8

2

10

125

4

1

45 MILES

30 MILES

15 MILES

SURROUNDING AREA CENTERS

1 Lee Premium Outlets®2 Berkshire Mall3 Blue Back Square4 Colonie Center5 Crossgates Mall6 Eastfield Mall7 Enfield Square8 Hampshire Mall9 Holyoke Mall At Ingleside10 Hudson Valley Mall11 The Shoppes at Farmington Valley12 Stuyvesant Plaza

Simon CentersCompetition

SURROUNDING AREA CENTERS

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Berkshire MallLanesborough, MA 670,000 sf Best Buy, JCPenney, Macy’s, Sears 17 miles / 31 minutes

Holyoke Mall at InglesideHolyoke, MA 1,600,000 sf JCPenney, Macy’s, Sears,

Sports Authority, Target 38 miles / 39 minutes

The Shoppes at Farmington ValleyCanton, 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

Hampshire MallHadley, MA 435,000 sf Best Buy, 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 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).