PALM BEACH OUTLETS West Palm Beach, Florida

PROJECT DETAILS Palm Beach Outlets features over 100 stores including brand favorites Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Banana Republic Project Type: Factory Store, Brooks Brothers Factory Outlet, J.Crew | crewcuts Factory, Outlet Center Nautica, Nike Factory Store, Talbots, Tommy Hilfiger, Under Armour and GLA: Vera Bradley. 460,000 sf Located directly off Interstate 95 on Palm Beach Lakes Boulevard in West Address: Palm Beach, Palm Beach Outlets is the only outlet shopping destination 1801 Palm Beach Lakes Blvd. within 55 miles of its site. The location benefits from strong demographics: West Palm Beach Palm Beach County is one of the most affluent regions in the country. Florida 33401 Over 1.5 million people make this their permanent home, with a seasonal Palm Beach County influx of approximately 150,000 wealthy second home owners dramatically increasing this base population for nearly six months of the year. In addition, approximately 7.35 million tourists visit the area to enjoy its beaches, golf courses, resorts, and events.

LOCATION ▪ Ideally located on Palm Beach Lakes Boulevard just off Interstate 95 at Exit 71 ▪ Superb visibility with one-half mile of unobstructed frontage on Interstate 95 ▪ Average Daily Traffic on Interstate 95: 214,000 ▪ No other outlet shopping within 55 miles ▪ Approximately 7.35 million annual visitors to Palm Beach County.

KEY TENANTS Saks Fifth Avenue OFF 5TH, Brooks Brothers Factory Store, Calvin Klein, J.Crew | crewcuts Factory, Ann Taylor Factory Store, Banana Republic Factory Store, Talbots, Under Armour PALM BEACH OUTLETS WEST PALM BEACH, FLORIDA

0500 ADT Eit 1 Palm Beach Laes Bld 1300 ADT N Conress Ae

21000 ADT

AERIAL VIEW

Aerial view & location

SITE ▪ Approximately 460,000 square feet of outlet shopping ▪ 80 acre site includes 300,000 sf Marketplace at the Outlets ▪ Excellent access and visibility from Interstate 95

AVERAGE DAILY TRAFFIC ▪ Interstate 95: 214,000 ▪ Palm Beach Lakes Boulevard: 40,500 ▪ Congress Avenue: 16,300 Port Saint Lucie 0

50 MILE RADIUS 10 1 5 Teuesta Jupiter 30 MILE RADIUS

Palm Beach Gardens 20 MILE RADIUS 15 MILE RADIUS TRADE AREA 2 10 MILE RADIUS West Palm Beach Lae Worth Wellinton Manalapan

2 Delray Beach Boca Raton PALM BEACH COUNT COMPETITION - 5 DISTANCE TO NEAREST 5 OUTLET CENTERS Fort Lauderdale Palm Beach County 5 is currently not well served by another outlet Mirmar shopping center. Saw Grass Mills 55 miles Miami Vero Beach 75 miles Dolphin Mall 80 miles Orlando 175 miles Demographics AVERAGE HOUSEHOLD INCOME OF AFFLUENT TOWNS WITHIN DEMOGRAPHICS 30 MILES ▪ Over 1.5 million people living within 30 miles makes this a prime Jupiter Island $308,447 location for outlet shopping. Manalapan $294,771 ▪ Palm Beach County has a population of nearly 1.5 million. Palm Beach $229,680 ▪ Approximately 150,000 people own vacation homes in Palm Beach Boca Raton $118,249 County, adding to the year-round population figures. Palm Beach Gardens $111,997 ▪ Palm Beach County is Florida’s wealthiest county and has been one of the fastest growing metros in the country.

2016 TRADE AREA DEMOGRAPHICS* 10 miles 15 miles 20 miles 30 miles 50 miles Population 641,607 990,587 1,175,387 1,573,824 3,379,661 Households 252,386 390,626 476,457 650,085 1,357,046 Average Household Income $73,324 $79,806 $80,925 $85,152 $79,686 Number of Businesses 32,805 47,001 55,372 81,010 176,945 Daytime Population 530,416 754,849 901,029 1,300,957 2,729,943 *Based on year-round population

NEDEVELOPMENT.COM/PROJECTS/PALM-BEACH-OUTLETS TOURISM ▪ 7.35 million visitors annually. Tourism ▪ More than 16,000 hotel rooms in Palm Beach County. ▪ Leisure travelers spend, on average 3.5 nights and $1,400 per stay. ▪ Average visitor’s income is $94,000/year. ▪ Prime tourism season is November-April.

Palm Beach County is home to With 160 world-class public and many of Florida’s finest resort private golf courses, Palm Beach hotels, including the Boca Raton County is well known as Florida’s Resort and Club, The Breakers, Four Golf Capital®. Seasons Resort Palm Beach, and Eau Palm Beach Resort & Spa.

Palm Beach County hosts the A $144M Spring Training Facility annual FTI Winter Equestrian for the Houston Astros and Festival and has the largest Washington Nationals opened for concentration of sport horses Spring Training in Feburary 2017. anywhere in the world. A new Team Hotel opens in 2018 adjacent to Palm Beach Outlets.

Palm Beach County has numerous Palm Beach County, known as annual events, including the Palm “Florida’s Cultural Capital”, has Beach International Boat Show, the premier performance venues such as Delray Beach International Tennis the Kravis Center for the Performing Championships, and the American Arts and the Norton Museum of Art. International Fine Art Fair, to name a few.

NEW ENGLAND DEVELOPMENT 75 Park Plaza Boston, Massachusetts 02116 617.965.8700 NEDevelopment.com IN PARTNERSHIP WITH:

3.10.17