PLEASANT PRAIRIE, WISCONSIN

PROPERTY OVERVIEW

® Shorewood PLEASANT PRAIRIE PREMIUM OUTLETS Madison 94 18 Milwaukee PLEASANT PRAIRIE, WI Fort Atkinson 94 Oak Creek 12 PLEASANTLake PRAIRIE43 Geneva 14 PREMIUM OUTLETS Racine MAJOR METROPOLITAN AREAS SELECT TENANTS PLEASANT PRAIRIE, WI 41 Kenosha Chicago, IL: 60 miles Ann Taylor Factory Store, Banana Republic Factory Store, Brooks Brothers Milwaukee: 35 miles Factory Store, Calvin Klein Company Store, Coach Factory, Cole Haan Lake Michigan WI Beloit Outlet, Express Factory Outlet, Gap Factory Store, HUGO BOSS, J.Crew Rockford IL 14 North RETAIL Factory, kate spade new york, LACOSTE Outlet, Michael Kors Outlet, Chicago NikeFactoryStore, The North Face, Polo Ralph Lauren Factory Store, 90 Woodstock 94 GLA (sq. ft.) 403,000; 90 stores UGG® Australia, Under Armour 51 41 Evanston 39 20 OPENING DATES TOURISM / TRAFFIC 94 Wheaton 29 Rochelle 80 Opened 1988 Pleasant Prairie is an outlet shopping destination that is well established Chicago Expanded 2006 throughout Illinois and Wisconsin. Its prominent position on I-94 brings an average traffic count of 80,000 vehicles passing the center daily. More than 50% of shoppers live in the Chicago/Milwaukee market. PARKING RATIO

5:1 MAJOR ATTRACTIONS Jelly Belly Visitor’s Center, Six Flags Great America RADIUS POPULATION

15 miles: 591,174 LOCATION / DIRECTIONS 30 miles: 1,772,682 Pleasant Prairie is conveniently located between Chicago, Illinois and 45 miles: 5,936,873 Milwaukee, Wisconsin on I-94 at Exit 347.

AVERAGE HH INCOME — From Chicago: Take I-94W to Exit 347 (Hwy. 165) — From Milwaukee: Take I-94E to Exit 347 (Hwy. 165) 30 miles: $95,234

Information accurate as of 5/1/16. Source: SPG Research; trade area demographic information per STI: PopStats (2015). MASTER PLAN

I-94 AERIAL OVERVIEW

110th AVE.

116th AVE.

From SR 165/ 104th St.

120th AVE.

120th AVE.

I-94

Exit to SR 165/ NORTH 104th St. From Metro Milwaukee SURROUNDING AREA CENTERS

Lowell Hustisford Slinger Columbus Hartford Jackson Grafton Reeseville Clyman Simon Centers Cedarburg Competition Lebanon Germantown Thiensville Watertown Ashippun 1 Pleasant Prairie Premium Outlets® Waterloo Milwaukee Bayside Marshall Lannon Fox Point 2 Algonquin Commons Lac La Belle Merton Butler 3 The Arboretum of South Barrington Oconomowoc Lake Hartland Sussex 4 Lake Mills Nashotah Shorewood 4 Bayshore Town Center rove Johnson Creek Oconomowoc Pewaukee 17 Elm Grove17 Wauwatosa 5 Brookfield Square 5 2222 Helenville 5 West Milwaukee 6 Charlestowne Mall Cambridge Sullivan Waukesha Rome Wales 7 Clybourn Galleria Rockdale New Berlin St Francis Cudahy North Prairie Hales23 Corners 8 Deer Park Town Center n Greendale Fort Atkinson South Milwaukee Big Bend 9 Fashion Outlets of Chicago Lake Koshkonong Palmyra Eagle Franklin Mukwonago Muskego Edgerton Whitewater 10 Glen Town Center Oak Creek 11 Golf Mill Shopping Center Potter Lake Wind Lake Tichigan Lauderdale Lakes Wind Point 12 Gurnee Mills Milton East Troy Waterford North Bay 13 Harlem Irving Plaza Lake Lorraine Turtle Lake Rochester Racine 14 Huntley Outlet Center Eagle Lake Sturtevant20 Janesville Elkhorn Union Grove 20 15 Lincolnshire Commons e Browns Lake 45 MILES nover Bohners Lake 16 Lincolnwood Town Center Delavan Como 17 Mayfair Mall Darien 30 MILES Williams Bay Lake Ivanhoe Kenosha Paddock Lake 18 Northbrook Court Clinton 15 MILES Powers Lake Silver Lake Pleasant Prairie 19 Randhurst Village Beloit Walworth Sharon Genoa City Wilmot 1 20 Regency Mall South Beloit Lake Catherine Winthrop Harbor Hebron Richmond Antioch 21 The Shops at North Bridge Rockton Harvard Wadsworth Beach Park 22 The Shops of Grand Avenue Roscoe Capron Chemung Pistakee Highlands Fox Lake Hills Greenwood 23 Southridge Mall hesney Park Round Lake Heights 1212 Waukegan Caledonia Poplar Grove McCullom Lake Third Lake Park City Hainesville 24 Spring Hill Mall Loves Park Woodstock Bull Valley Lakemoor North Chicago 25 Stratford Square Mall Holiday Hills Knollwood Prairie Grove Island Lake 26 Streets of Woodfield go Belvidere Marengo Mundelein Cherry Valley Garden Prairie Crystal Lake Mettawa Rockford Port Barrington 28 27 Water Tower Place Union Indian 28Creek Lakewood Lake Barrington Highwood 28 Westfield Hawthorn Fox River Grove Kildeer New Milford Riverwoods15 Algonquin Barrington 8 29 Westfield Old Orchard 2 Long8 Grove Northbrook18 Davis Junction Hampshire Huntley Barrington Hills Palatine 14 Wheeling 30 Woodfield Mall Genoa West Dundee Inverness Valley Kirkland Kingston 14 24 Monroe Center 24East Dundee 10 Kenilworth Rolling Meadows1919 Glenview10 Pingree Grove 3 29 3 Des Plaines Golf29 Wilmette 3030 11 Burlington 26 Park Ridge11Niles Elgin Lincolnwood South Elgin Roselle 26 16 Sycamore Bartlett Rosemont 16 Schaumburg Harwood Heights Hillcrest Lily Lake Hanover Park Wood Dale99 Virgil Wayne 13 Cortland 25 Bensenville 13Norridge Creston Malta Campton Hills Dekalb St Charles6 Glendale HeightsRiver Grove 7 Maple Park 6 Elmwood Park7 Geneva Carol Stream Northlake 2727 Rochelle Elburn Oak Park 21 Lombard Batavia Elmhurst North Riverside21 Steward Wheaton Kaneville Oak Brook Broadview Warrenville Stickney Lee Prestbury North Aurora Lisle Hinsdale Forest View New Bu Waterman Hinckley Shabbona Big Rock Indian Head Park Michiana Justice Hometown OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Regency Mall 885,000 sf Boston Store, Burlington 13.5 miles / 18 minutes Racine, WI

Westfield Hawthorn 1,234,000 sf Carson’s, Macy’s, JCPenney, Sears 19 miles / 25 minutes Vernon Hills, IL

Northbrook Court 1,012,000 sf Lord & Taylor, Macy’s, Neiman Marcus 26 miles / 25 minutes Northbrook, IL

Mayfair Mall Macy’s, Nordstrom, Boston Store, 1,070,000 sf 44 miles / 40 minutes Wauwatosa, WI AMC Theaters

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Gurnee Mills® Macy’s, Neiman Marcus Last Call, 1,936,000 sf 8 miles / 15 minutes Gurnee, IL Saks Fifth Avenue OFF 5TH, Burlington

Fashion Outlets of Chicago Neiman Marcus Last Call, Bloomingdale’s - 530,000 sf 43 miles / 1 hour Rosemont, IL The Outlet Store, Barneys NY Warehouse

Huntley Outlet Center 279,000 sf 53 miles / 1 hour 20 minutes Huntley, IL

Chicago Premium Outlets® 688,000 sf Saks Fifth Avenue OFF 5TH 75 miles / 1 hour 25 minutes Aurora, IL

Johnson Creek Premium Outlets® 276,000 sf 80 miles / 1 hour 25 minutes Johnson Creek, WI 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).