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TWIN CITIES 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

TWIN CITIES PREMIUM OUTLETS® JOINT VENTURE WITH PARAGON OUTLETS

EAGAN, MN 35W 52 35E

MAJOR METROPOLITAN AREAS SELECT TENANTS 94

694 : 10 miles adidas, Ann Taylor Factory Store, Armani Outlet, Banana Republic 494 35W St. Paul: 10 miles Factory Store, Coach Factory Store, Cole Haan Outlet, Express Factory Minneapolis 35E Outlet, Fossil, Gap Factory Store, J.Crew Factory, Lucky Brand Outlet, 394 St. Paul 71 12 494 RETAIL Michael Kors Outlet, Movado Company Store, NikeFactoryStore, Polo Ralph Lauren Factory Store, Tommy Hilfiger Company Store, True 494

494 GLA (sq. ft.) 409,000; 100 stores Religion, Under Armour Factory House, Vera Bradley 35W

35E TOURISM / TRAFFIC OPENING DATES Eagan

52 Opened August 2014 The City of Eagan is a growing suburb located southwest of the Greater Minneapolis-St. Paul (MSP) area. The MSP metro area is home to more than 3.2 million people. With a GMP of nearly $200 billion, PARKING RATIO MSP is the 13th largest metropolitan economy in the U.S. and 44th in 5.5:1 the world. The greater MSP area is home to 19 Fortune 500 companies TWIN CITIES and seven of Forbes’ largest private firms. It is also an important PREMIUM OUTLETS center for manufacturing, retail, bioscience and medical technology, EAGAN, MN RADIUS POPULATION pharmaceuticals, and health care. 15 mile population: 1,589,017 30 mile population: 2,907,046 Eagan is only 10 miles from both Minneapolis and St. Paul. Traffic counts 45 mile population: 3,386,757 by the site are approximately 125,000 VPD. In 2008, MSP had 17.9 million visitors and was selected as one of Frommer’s top international destinations. Locals and visitors will travel by the site on the way to many AVERAGE HH INCOME of ’s attractions. The MSP International Airport is only minutes away and serves more than 33 million passengers annually. 30 mile average: $85,161

LOCATION / DIRECTIONS

Intersection of Highway 13 and Highway 77 (Cedar Avenue) in Eagan, Minnesota.

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

RAHN RD.

CEDARVALE BLVD.

SR 13 / SIBLEY MEMORIAL HWY.

Exit to SR 77 / CEDAR AVE.

NICHOLS RD.

EAGAN OUTLETS PKWY. CEDAR GROVE PKWY.

NORT

H 86'-5"

RAHN RD.

4500 1100

750

ARMANI OUTLET ARMANI SAKS OFF FIFTH

2501 27914

38'-3"

745 DVF

2500

742 207'-6" ST JOHN ST

2500

740 ELIE TAHARI ELIE 17'-7"

2846 24'-4" 737

VINCE 38'-3"

2426 24'-4"

735 30'-4" LUCY

24'-4"

4007 29'-6" 730

TALBOTS 27'-7"

2944 21'-9"

725

ASICS 25'-5" 50'-7"

2999 29'-7" 720

CHICO'S 38'-11"

2699 21'-8" 800 1506

JOHNSTON & MURPHY & JOHNSTON 715

810 DESTINATION MATERNITY DESTINATION GUCCI

2514 28'-4" 33'-9" 5100 -1"

FILSON 710

28'-11" 25' 35'

7062 26'-3" 960 CALVIN KLEIN CALVIN

615 30' 2163 LE CREUSET

24'-5"

814

THEORY 1899 30' 3005

75'-1" 1110

815

7 FOR ALL MANKIND ALL FOR 7

6561 2200

21'-8" 71'-8" OLD NAVY

SR 13 / SIBLEY MEMORIAL HWY. CREW J.

610 CEDARVALE BLVD. 817

60'-6" RELIGION TRUE 12330

3024

820 35'-3" BCBG

58'-4"

3481 950

7998 35'-10"

825 BEBE

COACH

605 EXPRESS

31'-7"

3050 6716

830 COLE HAAN COLE 40'-4"

71' 30' 3050

2831

6504 38'-3" 835

860 JEANS BRAND LUCKY 40'-7" W.H.B.M.

850 31'-7"

2199

BROOKS BROS. BROOKS 600

840 767 M. KORS WEST NINE

3197 AUNTIE ANNE'S AUNTIE 945 3496 40'-7"

52'-1" 2074 38'-1"

WILSON'S LEATHER WILSON'S

255 SAMSONITE 38'-8" 940

2415

935 21'-8"

CALPHALON

3079 865 30'-8"

BATH & BODY WORKS BODY & BATH

3151

250 MOVADO 25'

29' 930

FOSSIL 29' 30' 22' 1257

17'-3" 870 1817 26'-2" 920

2836 22' CO. COSMETIC

30' RESERVED OSHKOSH B'GOSH OSHKOSH

76'-8" 245

3460

20'-8" 20' 1826 34'-1" 58'

PENDLETON

872 910 1436 3695

WATCH STA. WATCH 19'-9" CARTERS PERFUMANIA 360

244 33'-3" 1160

27'-8" 20'-3" 28'-1"

892 7505

1507 875 37'-5"

9001

BANANA REPUBLIC BANANA

900

YANKEE CANDLE YANKEE

243 CRABTREE & EVELYN & CRABTREE

SOLSTICE A.E.O. 355

30'-8" 20'-2" 1194 56'-8" 1040

1405

20'-10" 880

5026

18'-9" JACK & JANIE

350 80'-11" 3505

21'-2" CLAIRE'S 2981

CHILDREN'S PLACE CHILDREN'S 20' 240

HAGGAR 895

1217 UGG

1035 21'-3"

27'-5" 1107

2119 19'-10"

SKAGEN

345 890 STRIDE RITE STRIDE 6000

235 FC1

48'-11" 1145 35' EDDIE BAUER EDDIE

1030

2274 CHINA MAX HELZBERG GOLD TOE GOLD

45' 340 649 19'-10" 145'-3" CRAZY 8 CRAZY 2200

230

2798

FC2 38'-5" PERRY ELLIS PERRY

20'-7" CHICKEN NOW 57'-4" 1020 4348 603 19'-10"

FC3

5500 JUSTICE 225 27'-7"

24'-6"

43'-3" TAYLOR ANN SUBWAY 1015 605 20'-10"

FC4 2502

2560

KITCHEN COLLECTION KITCHEN 123 SUSHI

215 44'-2"

44'-5" GYMBOREE

605 1699

337 FC5

KAY JEWELERS KAY

4008

SBARRO 460

4056

VAN HEUSEN VAN 638 210

24'-5" 15000 1251

CHRISTOPHER & BANKS & CHRISTOPHER

335

39'-4" LAUREN RALPH POLO 1000

STARBUCKS

70'-7" 455

102'-7" 2783 ELEC.

39' 1005

TORRID

SWAROVSKI 333

452 28'-11"

1117

4500 24'

SGH BASS

332

36'-3" 450

1373

17082 82'-7"

SIGNATURE PERFUME SIGNATURE

445 21'-11" NIKE

200 23'-8" 102'-7"

7149 26'-8"

5468

DRESS BARN DRESS

152'-11" 330

LOFT 440

NICHOLS RD. 38'-3" 60'-4"

298

310 4000 3627

PAC SUN PAC 101'-10"

STORAGE

435 423

SKECHERS 8500 CONVERSE 320

38'-8" 3517 TOMMY HILFIGER TOMMY

44'-11" 43'-3" 550

28'-2" 18'-8"

5000

FAMOUS FOOTWEAR FAMOUS 78'-2" 430 20' 300

28'-9" 54' SAUCONY 2131

66'-8" 1475 34'-4" ROBERT WAYNE ROBERT 425

125 11500

GAP 1736 400 1069

PUMA 545

HOT TOPIC HOT LINDT 420 30'-1" MERRELL 540 4975 2059 25'-11" 30'-4" EAGAN OUTLETS PKWY. 405

21'-9" LIDS 2126

115 18' 1000 CROCS 49'-1"

TILLY'S 48'-9" 415

34'-8" 5068 25'-8" 3274

Cedarvale Dr. 2597

NEW YORK & CO. & YORK NEW 530

OAKLEY 410 25'-5"

13'-3" 25'-1"

38'-3" 3000

JOCKEY 110 525 31'-9" 42'-5"

BURTON

3564 5086

23'-7" MAURICES 520

1954

LIDS LOCKER ROOM LOCKER LIDS 515

40'-4"

40'-7"

100 5000

REEBOK UNDER ARMOUR 510 8502

31'-9" 31'-7"

5001

ADIDAS 500

61'-8" 45'-6"

TO CEDAR GROVE PKWY. SURROUNDING AREA CENTERS

Sartell on Sauk Rapids Harris St Cloud Luck St Joseph Princeton Cambridge Waite Park Milltown Cumberland SURROUNDING AREA CENTERS North Branch Isanti Cold Spring Balsam Lake Simon Centers St Augusta Clear Lake Zimmerman Centuria Almena Competition Clearwater St Francis Taylors Falls Turtle Lake Stacy Center City St Croix Falls Bethel Becker Martin Lake Lindstrom Dresser East Bethel 1 Twin Cities Premium Outlets® Big Lake Wyoming Fairhaven Nowthen Oak Grove Chisago City Osceola Clayton 2 Albertville Premium Outlets Watkins Kimball Silver Creek Elk River Monticello South Haven Amery 3 Columbus Otsego Ramsey Annandale 2 Andover Ham Lake Forest Lake Scandia 4 2 Dayton Maple Lake Albertville Prairie F 5 Galleria St Michael Anoka Kingston 12 Marine on St Croix Star Prairie Rogers 12 Hugo 6 Champlin Deer Park Blaine Centerville Hanover Coon Rapids 7 Lexington 10 Somerset New Richmond Corcoran Osseo Spring Lake Park North Oaks 8 Dellwood Darwin Rockford 14 Grant Dassel Cokato Waverly 14 Fridley Shoreview Emerald 9 Medford Outlet Center Howard Lake Medina Stillwater Glenwood City Loretto Hilltop White Bear Lake Oak Park Heights 10 Northtown Mall Delano Plymouth New Hope Pine Springs Downing St Anthony 8 Maple Plain 13 North8 St Paul Bayport 11 Medicine Lake Lauderdale13 Oakdale Lake Elmo Hudson 12 Long Lake Golden Valley Minneapolis6 Lakeland Winsted Watertown 1111 1515 6 Roberts Baldwin Wilson Shorewood St Louis Park Landfall Lakeland Shores Knapp Spring Park St Paul 1717 Woodville 13 Minnetrista Hopkins Silver Lake St Bonifacius Greenwood Lilydale Woodbury St Marys Point 14 The Shoppes at Arbor Lakess Edina Afton Hutchinson Mayer Excelsior 16 Mendota River Falls M Lester Prairie 165 Newport 15 The Shops at West End Victoria Chanhassen Spring Valley 4 5 7 Waconia 4 St Paul Park 16 Biscay Eden Prairie Bloomington Chaska Inver Grove Heights 1 Eagan 17 Burnsville Elmwood Glencoe Plato Cologne Cottage Grove D Shakopee Savage Carver Apple ValleyRosemount Hastings 3 Ellsworth t Brownton Hamburg Prior Lake 3 Coates15 MILES Lakeville New Auburn Green Isle Vermillion Jordan Farmington Plum City Hampton Arkansaw Belle Plaine Miesville Arlington New Trier Red Wing Bay City Elko New Market 30 MILES Gaylord Maiden Rock Winthrop New Prague Henderson Randolph Cannon Falls Frontenac Stockholm Heidelberg Lonsdale Lake City Le Sueur Lafayette Montgomery Pepin Dundas 45 MILES Nelson Dennison Goodhue Le Center Bellechester Wabasha Nerstrand St Peter Cleveland Ulm Kilkenny Faribault Wanamingo Kellogg Kasota Mazeppa Zumbro Falls Nicollet Kenyon Zumbrota Courtland Warsaw Mankato Millville earles Waterville Morristown Hammond Madison Lake Elysian North Mankato Pine Island Medford9 Eagle Lake Plainview West Concord Oronoco Skyline Janesville Elgin Lake Crystal Owatonna Elba St Clair Waseca Mantorville A Madelia Garden City Claremont Byron OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Mall of America 2,500,000 sf Macy’s, , Sears 3 miles / 5 minutes Bloomington, MN

Burnsville Center Dick’s Sporting Goods, JCPenney, Macy’s, 1,100,000 sf 8 miles / 12 minutes Burnsville, MN Sears

Galleria Gabberts Design Studio & Fine Furniture, 420,000 sf 11 miles / 17 minutes Edina, MN Crate & Barrel, Pottery Barn

Southdale Center® Herberger’s, Macy’s, JCPenney, 1,258,000 sf 11 miles / 17 minutes Edina, MN AMC 16 Theatres

Rosedale Center Herberger’s, JCPenney, Macy’s, 1,150,000 sf 22 miles / 26 minutes Roseville, MN AMC Theatres

Ridgedale Center 1,040,000 sf JCPenney, Macy’s, Nordstrom, Sears 22 miles / 26 minutes Minnetonka, MN

Woodbury Lakes 390,000 sf DSW 21 miles / 26 minutes Woodbury, MN

The Shoppes at Whole Foods Market, World Market, 850,000 sf 31 miles / 34 minutes Maple Grove, MN AMC Theatres

OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME

Albertville Premium Outlets® 430,000 sf 47 miles / 49 minutes Albertville, MN 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).