Tulare, CA | the heart of the Greater Fresno/Bakersfield marketplace Facts & Fundamentals

Featuring a robust collection of more than

50 leading designer and favorite brand names, The more than 226,000 including Banana Republic Factory Store, Coach Outlet, Converse, Express Factory Outlet, square foot project Gap Outlet, Forever 21, LOFT Outlet, Levi’s Outlet Store, Tommy Hilfiger and Nike Factory Store, is ideally located off Tulare Outlets has proudly served the Fresno/Bakersfield region since its grand opening in 1995 along with its Highway 99 and Prosperity subsequent 2003 and 2005 expansions. The more than 226,000 square foot project is ideally located off

Avenue, a well-traveled Highway 99 and Prosperity Avenue, a well-traveled

route in the Central Valley of between the

route in the Central Fresno and Bakersfield regions. Valley of California between the Fresno Ownership: Garrison Investment Group management: The Woodmont Company and Bakersfield regions. Leasing: The Was Group, LLC Marketing: Strategy+Style Marketing Group

TULARE OUTLETS • TULARE, CA | 2 YOSEMITE NATIONAL PARK MODESTO 5 101 99 198 395 SAN JOSE SIERRA 65 NATIONAL FOREST 43 5 101 99 Opportunity 58 198 5 101 99 5 101 99 Overview 395 65 198 198 5 103951 99 395 43 65 65 198 395 58 43 43 65 FRESNO 58 58 MONTEREY 43 5 58 101 99 198 395 65 10 43 MILES Currently home to more than 50 5 101 99 99 Strategically located in the 58530 101 SEQUOIA leading brand names such as Coach 198 MILES 198 NATIONAL FOREST 395 395 heart of the Greater Fresno/ 65 Outlet, Forever 21, Levi’s Outlet Store 65 60 5 101 99 Bakersfield marketplace, 43 MILES 43 and Nike Factory Store, among many 5 101 99 99 198 58 5 101 58 395 198 65 Tulare Outlets is a 226,413 more, Tulare Outlets also features 395 198 90 395 BAKERSFIELD MILES 65 65 43 square foot outlet shopping popular Galaxy Theatre which draws 43 43 58 substantial entertainment traffic 5 101 99 center. Following the grand 5 101 99 58 58 198 into the center on an annual basis. 198 395 395 opening of Phase one in 1995, 65 What’s more, the City of Tulare serves 65 43 a second phase was completed 43 as a main route to popular tourist 58 58 in 2003, followed by a third sites, Sequoia National Forest and SANTA BARBARA expansion in 2005. Yosemite National Park.

LOS ANGELES

3 | TULARE OUTLETS • TULARE, CA TULARE OUTLETS • TULARE, CA | 4 VICINITY MAP RF N.T.S. OR WE ARE NEGOTIATING WITH THE TENANTS. CERTAIN D TENANTS ARE REVIEWING THEIR CURRENT LEASES. WE S DO NOT GUARANTEE THAT THE LISTED STORES WILL BE T OPEN IN THE CENTER. PLEASE NOTE CONDITIONS AND . DIMENSIONS ARE SUBJECT TO VARIATIONS DUE TO ACTUAL FIELD CONDITIONS. SITE INSPECTIONS BY THE TENANT ARE REQUIRED TO VERIFY ALL EXISTING CONDITIONS AND ACTUAL DIMENSIONS.

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R 115 N. Main Street Suite B, Bel Air 21014

E 329'-10" Office 443.345.1604 www.lodsolutions.com

OWNER

SHEET TITLE EXISTING Aéropostale dressbarn Kay Jewelers The Perfume Shop Togo’s LEASE PLAN Auntie Anne’s® Hand-Rolled Soft Pretzels Eddie Bauer Outlet Kitchen Collection Petsense Outlet Tommy Hilfiger

Banana Republic Factory Store Express Factory Outlet Lane Bryant Outlet Rack Room Shoes Van Heusen SCALE: N.T.S. More than 50 outlet DRAWN BY: LODS CALIFORNIA STATE FREEWBaskinAY 9 Robbins9 Famous Footwear Outlet Levi’s Outlet Store Rocky Mountain Chocolate Factory Vans Outlet DATE: 09/15/2016 stores and entertainment DRAWING NUMBER Bath & Body Works Forever 21 Lids rue21 Vitamin World L1 destinations thrive at Bravo Farms Restaurant & Cheese Shoppe Galaxy Theatre LOFT Outlet Skechers Zales Outlet The Diamond Store C 2016 LODS LLC All Rights Reserved Tulare Outlets including: Calvin Klein Gap Outlet maurices Styles for Less Zumiez Z:\CADD\GARRISON\CENTERS\TULARE\PROPOSED\L1-TULARE-MASTER-FALL-VRN-2016.dwg, EX-B Carter’s Gap Kids & Factory Store M-Fasis Outlet Subway And more... Claire’s Gymboree Outlet Nike Factory Store Sunglass Hut Outlet Coach Outlet Journeys O’Neill Tilly’s Converse Justice Factory Store OshKosh B’Gosh Daniel’s Jewelers 5 | TULARE OUTLETS • TULARE, CA TULARE OUTLETS • TULARE, CA | 6 Location & Demographics 5 101 99 198 MADERA 395 65 KINGS CANYON 43 NATIONAL PARK 58 FRESNO

99 5 101 99 5 101 198 198 395 395 65 65 99 BAKERSFIELD 43 5 101 43 SEQUOIA 99 g NATIONAL PARK 99 5 101 5 101 99 198 58 99 5 101 558 101 99 395 5 101 fFRESNO 198 101 99 65 198 198 395 5 198 395 198 395 395 65 198 65 395 5 101 99 395 65 43 65 43 65 5 101 99 58 43 65 198 43 395 198 58 58 43 395 43 65 10 58 43 5 101 99 MILES58 65 43 58 198 5 101 99 43 58 58 395 Tulare Outlets boasts a central and convenient location set 1958 101 99 65 395 58 65 198 SEQUOIA directly off of Highway 99 at Prosperity Avenue with highly 43 395 NATIONAL FOREST 5 101 30 99 65 58 MILES 43 visible monument signage effectively attracting the nearly 198 395 58 43 101 99 three million people residing within 60 miles of the project. 65 5 58 198 43 395 The city of Tulare is approximately 45 minutes south of 45 65101 99 MILES 58 5 Fresno and 60 miles north of Bakersfield. 43 198 395 58 65 99 60 5 101 43 MILES 198 Average Daily Traffic: 395 58 565 101 99 Highway 99: 70,000 vehicles per day 43 198 395 BAKERSFIELD Prosperity Avenue: 36,500 vehicles per day 58 65 43 58

10 Mile 30 Mile 60 Mile

298,845 730,111 2,988,987 Demographics Population

Average $62,671 $59,892 $62,550 HH Income

7 | TULARE OUTLETS • TULARE, CA TULARE OUTLETS • TULARE, CA | 8 Tourism

Considered the U.S. gateway to both the Sequoia National Forest and Yosemite National Park, Tulare enjoys significant group and independent tour traffic which greatly contributes to Also known regionally as a leading agriculture cradle and home to the annual World Ag Expo, Tulare Outlet’s long-standing the city of Tulare enjoys significant tourism growth and success. influx serving as a main artery between the cities of Fresno and Bakersfield.

9 | TULARE OUTLETS • TULARE, CA TULARE OUTLETS • TULARE, CA | 10 Competition

GILROY PREMIUM OUTLETS

5 101 99 198 395 THE SHOPS AT RIVERPARK 65 43 FIG GARDEN VILLAGE SHOPPING CENTER CENTER DISTANCE SF # OF STORES OWNED/MANAGED KEY TENANTS 58 5 101 99 Polo Ralph Lauren Factory Store, 198 395 100 Miles 320,000 70 The Rockefeller Group Coach Outlet, Michael Kors, MALL Outlets at Tejon 65 H&M, Nike Factory Store 5 101 99 198 43 99 395 5 101 58 Saks Fifth Avenue OFF 5TH, 198

OUTLET 65 Gilroy Polo Ralph Lauren Factory Store, 395 165 Miles 578,000 145 Simon Property Group Premium Outlets Michael Kors, Nike Factory 43 65VISALIA MALL Store, Under Armour® 58 99 43 5 101 5 101 99 198 58 395 198 Macy’s, JCPenney, Old Navy, 395 7 Miles 220,000 75 GGP 65 Forever 21, Victoria’s Secret 65 5 101 99 43 198 58 43 395 65 58 Macy’s, JCPenney, Forever 21, Fashion Fair Mall 47 Miles 956,000 140 99 Gap, Victoria’s Secret 43 5 101 198 58 395 65 The Mall at Dillard’s, Sears, Best Buy, 43 47 Miles 400,000 50 Rouse Properties Famous Footwear, 5 101 99 58 5 101 99 Sierra Vista Victoria’s Secret 198 198 395 395 65 5 101 99 65 Banana Republic, 198 Fig Garden Village 395 FULL-PRICE 50 Miles 300,000 60 Donahue Schriber Chico’s, J.Crew, 43 43 Shopping Center 65 Williams-Sonoma 58 VALLEY PLAZA5 8MALL 43 58

The Shops at Lance-Kashian Target, Kohl’s, Best Buy, 5 101 99 52 Miles 450,000 80 101 99 101 99 River Park & Company buybuy Baby, Ashely Furniture 5 5 198 395 198 198 395 395 65 65 OUTLETS AT TEJON6543 Macy’s, JCPenney, Sears, 58 Mall 67 Miles 1,100,000 140 GGP 43 43 Target, Forever 21 58 58

11 | TULARE OUTLETS • TULARE, CA TULARE OUTLETS • TULARE, CA | 12 Tulare Outlets Team

Garrison Investment Group is an asset based investor with more than 60 years of experience in shopping center acquisitions, development, leasing and asset management. Headquartered in City, Garrison owns a total of 40 shopping centers comprising 8.7 million square feet of leasable space in regional malls, lifestyle centers and neighborhood community shopping centers across 15 states. For more information, please visit www.garrisonretail.com.

Established in 1980, The Woodmont Company is a full-service commercial real estate company based in Fort Worth, , providing asset management, property management, property marketing, construction management, landlord representation, retailer representation, investment sales and receivership services. The company currently operates a nationwide retail portfolio exceeding 16 million square feet consisting of enclosed regional malls, outlet centers and open-air shopping centers located in 16 states. For more information, please visit the company’s website at www.woodmont.com.

The Was Group, LLC is the largest third party leasing firm in the retail outlet industry, with a portfolio that spans over 12 outlet centers across the country, with a total GLA of over three million square feet. In addition to outlet centers, The Was Group also leases a number of full price malls, power centers and mixed-used centers across the country. For more information, visit www.was-group.com.

Strategy +Style Marketing Group is a full service marketing and advertising group bringing more than 25 years of domestic and international experience to traditional retailers, fashion houses, outlet centers and shopping center developers. The firm specializes in strategy, advertising, public relations, interactive media and tourism marketing, working with clients to set and achieve business milestones, always focusing on increasing market share in a creative, innovative way. For more information please visit www.strategyplusstyle.com.

13 | TULARE OUTLETS • TULARE, CA LEASING INFORMATION

THE WAS GROUP, LLC ph: 862-203-4352 [email protected]

Tulare Outlets 1407 Retherford Street, Tulare, CA 93274 | TulareOutletCenter.com | 559-684-9091